Key Points
- Insider Daniel Martin Gallagher, Jr. sold 50,000 shares on Nov. 26 at an average of $121.33 for $6.07M, trimming his stake by 9.42% to 480,949 shares valued at about $58.35M.
- Robinhood beat Q3 estimates with EPS $0.61 (vs. $0.41) and revenue of $1.27B (up 100% Y/Y), but the stock traded down ~4.1% and carries a consensus "Moderate Buy" rating with a $136.95 target.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) insider Daniel Martin Gallagher, Jr. sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $121.33, for a total value of $6,066,500.00. Following the transaction, the insider directly owned 480,949 shares of the company's stock, valued at $58,353,542.17. This trade represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Robinhood Markets Trading Down 4.1%
Shares of HOOD opened at $123.24 on Tuesday. The company's fifty day simple moving average is $132.67 and its 200 day simple moving average is $108.13. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86. The company has a market cap of $110.82 billion, a price-to-earnings ratio of 51.14, a PEG ratio of 2.89 and a beta of 2.42.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.20. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. Robinhood Markets's revenue for the quarter was up 100.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 EPS. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Robinhood Markets from $121.00 to $135.00 and gave the stock a "market perform" rating in a research report on Thursday, November 6th. Morgan Stanley raised their target price on shares of Robinhood Markets from $110.00 to $146.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $145.00 price target on shares of Robinhood Markets in a research note on Wednesday, November 26th. Barclays upped their price target on shares of Robinhood Markets from $162.00 to $168.00 and gave the stock an "overweight" rating in a report on Thursday, November 6th. Finally, Loop Capital set a $161.00 price target on shares of Robinhood Markets in a research report on Monday, October 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.95.
Check Out Our Latest Analysis on Robinhood Markets
Institutional Investors Weigh In On Robinhood Markets
Several hedge funds have recently added to or reduced their stakes in HOOD. Hantz Financial Services Inc. lifted its holdings in shares of Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company's stock worth $25,000 after purchasing an additional 148 shares during the period. Hemington Wealth Management boosted its holdings in shares of Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after buying an additional 218 shares in the last quarter. Valley National Advisers Inc. grew its holdings in Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company's stock worth $26,000 after purchasing an additional 100 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company's stock valued at $27,000 after buying an additional 99 shares during the period. Finally, Smithfield Trust Co acquired a new stake in Robinhood Markets in the second quarter valued at approximately $29,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
Robinhood Markets Company Profile
(
Get Free Report)
Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.
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