Key Points
- Robinhood CFO Shiv Verma sold 5,436 shares on May 15 at an average price of $77.36, totaling about $420,529. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and his ownership fell by 10.31% to 47,311 shares.
- Robinhood’s latest earnings missed expectations, with Q1 EPS of $0.38 versus the $0.39 consensus and revenue of $1.07 billion versus the expected $1.14 billion. Revenue still rose 15.1% year over year, and analysts now expect full-year EPS of 1.88.
- Wall Street remains broadly positive on HOOD, with 18 Buy ratings, five Hold ratings, and two Sell ratings. The stock has a consensus Moderate Buy rating and an average price target of $107.88.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CFO Shiv Verma sold 5,436 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $77.36, for a total value of $420,528.96. Following the completion of the transaction, the chief financial officer owned 47,311 shares of the company's stock, valued at $3,659,978.96. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Shiv Verma also recently made the following trade(s):
- On Wednesday, April 15th, Shiv Verma sold 5,436 shares of Robinhood Markets stock. The stock was sold at an average price of $85.86, for a total value of $466,734.96.
- On Monday, March 16th, Shiv Verma sold 5,438 shares of Robinhood Markets stock. The stock was sold at an average price of $75.00, for a total value of $407,850.00.
Robinhood Markets Stock Performance
Shares of Robinhood Markets stock opened at $74.15 on Wednesday. The firm has a market capitalization of $66.77 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.50 and a beta of 2.29. Robinhood Markets, Inc. has a fifty-two week low of $62.63 and a fifty-two week high of $153.86. The stock has a 50 day moving average of $76.33 and a 200 day moving average of $97.57.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.During the same quarter in the previous year, the company posted $0.37 earnings per share. The company's revenue was up 15.1% on a year-over-year basis. Analysts forecast that Robinhood Markets, Inc. will post 1.88 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Cantor Fitzgerald restated an "overweight" rating and set a $110.00 price target on shares of Robinhood Markets in a research report on Wednesday, April 29th. KeyCorp lowered their price target on Robinhood Markets from $120.00 to $110.00 and set an "overweight" rating for the company in a research report on Tuesday, April 21st. Argus lowered their price target on Robinhood Markets from $102.00 to $90.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Truist Financial lowered their price target on Robinhood Markets from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, April 13th. Finally, Mizuho raised their price target on Robinhood Markets from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, April 20th. Eighteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $107.88.
Read Our Latest Stock Analysis on HOOD
Trending Headlines about Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood’s management is presenting at J.P. Morgan’s Global Technology, Media and Communications Conference, which can help reinforce the company’s growth story and give investors updates on trading activity, platform engagement, and product expansion. Robinhood Markets, Inc. (HOOD) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
- Positive Sentiment: A recent article noted that Robinhood continues to attract investor attention after strong April operating data and a positive analyst review, suggesting core business trends remain supportive even after crypto volumes cooled. Why Robinhood (HOOD) Stock Is Up Today
- Neutral Sentiment: Robinhood’s CFO, Shiv Verma, sold shares under a pre-arranged 10b5-1 plan. While routine, insider sales can still add to short-term caution around the stock. Robinhood Markets, Inc. insider transaction details
- Negative Sentiment: Investors are also reacting to concerns that Robinhood could lose from Congress’s prediction-market bill frenzy, which raises uncertainty around a business area linked to event-based trading activity. Why Robinhood (HOOD) stock may stand to lose from Congress's prediction market bill frenzy
- Negative Sentiment: Another bearish note says Robinhood’s customers are staying away, reflecting skepticism that weaker engagement and trading activity can support near-term growth. Robinhood's Customers Are Staying Away, You Should Too
Institutional Trading of Robinhood Markets
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Robinhood Markets by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company's stock valued at $10,831,756,000 after acquiring an additional 1,334,443 shares in the last quarter. State Street Corp raised its stake in shares of Robinhood Markets by 2.7% in the fourth quarter. State Street Corp now owns 33,121,452 shares of the company's stock valued at $3,746,036,000 after acquiring an additional 875,297 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Robinhood Markets by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company's stock valued at $2,386,944,000 after acquiring an additional 356,902 shares in the last quarter. Morgan Stanley raised its stake in shares of Robinhood Markets by 23.9% in the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company's stock valued at $1,208,335,000 after acquiring an additional 2,061,832 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at $1,202,160,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
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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