Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CFO Shiv Verma sold 3,984 shares of Robinhood Markets stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $98.84, for a total value of $393,778.56. Following the completion of the transaction, the chief financial officer owned 59,927 shares in the company, valued at approximately $5,923,184.68. This represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Friday, May 15th, Shiv Verma sold 5,436 shares of Robinhood Markets stock. The shares were sold at an average price of $77.36, for a total value of $420,528.96.
- On Wednesday, April 15th, Shiv Verma sold 5,436 shares of Robinhood Markets stock. The shares were sold at an average price of $85.86, for a total value of $466,734.96.
Robinhood Markets Stock Up 5.3%
Robinhood Markets stock opened at $98.12 on Tuesday. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86. The business's 50-day moving average price is $80.67 and its two-hundred day moving average price is $91.89. The stock has a market cap of $88.36 billion, a PE ratio of 47.40, a P/E/G ratio of 2.33 and a beta of 2.35.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. The business's revenue was up 15.1% on a year-over-year basis. As a group, analysts expect that Robinhood Markets, Inc. will post 1.83 earnings per share for the current year.
Robinhood Markets News Summary
Here are the key news stories impacting Robinhood Markets this week:
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Zacks Research upgraded Robinhood Markets from a "strong sell" rating to a "hold" rating in a research report on Monday, June 8th. Truist Financial cut their price target on Robinhood Markets from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, April 13th. Loop Capital set a $94.00 price target on Robinhood Markets in a research note on Wednesday, May 27th. Barclays cut their price target on Robinhood Markets from $89.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group cut their price target on Robinhood Markets from $88.00 to $84.00 and set a "buy" rating on the stock in a research note on Monday, April 6th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $110.73.
Read Our Latest Stock Analysis on HOOD
Institutional Trading of Robinhood Markets
Hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC boosted its stake in shares of Robinhood Markets by 152.6% during the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company's stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC lifted its stake in shares of Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company's stock worth $26,000 after acquiring an additional 190 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Robinhood Markets in the fourth quarter worth approximately $27,000. MV Capital Management Inc. acquired a new position in shares of Robinhood Markets in the fourth quarter worth approximately $27,000. Finally, Swiss RE Ltd. acquired a new position in shares of Robinhood Markets in the fourth quarter worth approximately $27,000. 93.27% of the stock is 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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