Key Points
- CFO Shiv Verma sold 5,474 shares on Feb. 17 at an average price of $75.13 for $411,261.62, a 9.56% reduction that leaves him with 51,771 shares; the sale was disclosed in an SEC Form 4.
- Quarterly results: Robinhood reported $0.66 EPS (beating the $0.63 estimate) and revenue rose 26.5% year‑over‑year to $1.28 billion, though revenue slightly missed the $1.32 billion consensus.
- Stock and analyst backdrop: HOOD traded at $77.48 (up ~2.4%) with a market cap near $69.7B and a 52‑week range of $29.66–$153.86; analysts' consensus is a "Moderate Buy" with an average target of $121.71 and institutional ownership around 93.3%.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CFO Shiv Verma sold 5,474 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $75.13, for a total value of $411,261.62. Following the transaction, the chief financial officer directly owned 51,771 shares in the company, valued at approximately $3,889,555.23. The trade was a 9.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Robinhood Markets Trading Up 2.4%
Robinhood Markets stock traded up $1.83 during trading on Friday, hitting $77.48. 14,417,717 shares of the company were exchanged, compared to its average volume of 30,694,744. The company has a market capitalization of $69.67 billion, a P/E ratio of 37.61, a PEG ratio of 1.27 and a beta of 2.43. The business's 50 day moving average is $104.32 and its 200 day moving average is $117.37. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.01 EPS. The business's revenue for the quarter was up 26.5% compared to the same quarter last year. Equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Piper Sandler reduced their price objective on shares of Robinhood Markets from $155.00 to $135.00 and set an "overweight" rating for the company in a research report on Wednesday, February 11th. Keefe, Bruyette & Woods boosted their target price on Robinhood Markets from $121.00 to $135.00 and gave the stock a "market perform" rating in a research note on Thursday, November 6th. Loop Capital set a $130.00 target price on Robinhood Markets in a report on Monday, February 9th. Compass Point reiterated a "buy" rating on shares of Robinhood Markets in a report on Wednesday, February 11th. Finally, Truist Financial cut their price objective on Robinhood Markets from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $121.71.
View Our Latest Stock Analysis on HOOD
Institutional Investors Weigh In On Robinhood Markets
Hedge funds have recently modified their holdings of the stock. Caisse Des Depots ET Consignations bought a new position in shares of Robinhood Markets in the 3rd quarter worth $3,984,000. Jennison Associates LLC purchased a new stake in Robinhood Markets during the 3rd quarter valued at about $322,823,000. New York Life Investment Management LLC purchased a new stake in shares of Robinhood Markets during the third quarter valued at approximately $14,989,000. Aberdeen Group plc boosted its position in Robinhood Markets by 565.1% during the 3rd quarter. Aberdeen Group plc now owns 185,538 shares of the company's stock valued at $26,565,000 after buying an additional 157,643 shares during the period. Finally, NEOS Investment Management LLC bought a new stake in shares of Robinhood Markets in the third quarter worth about $11,994,000. Institutional investors own 93.27% of the company's stock.
About Robinhood Markets
(
Get Free Report)
Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to "democratize finance for all." Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.
Robinhood's core products and services include a mobile app and web platform for trading U.S.
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