Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $75.00

Robinhood Markets (NASDAQ:HOOD) had its target price upped by KeyCorp from $57.00 to $75.00 in a research report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

HOOD has been the topic of a number of other reports. JMP Securities increased their target price on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a report on Thursday. Mizuho increased their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Needham & Company LLC increased their target price on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler increased their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Finally, Barclays increased their target price on shares of Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.07.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $65.28 on Thursday. Robinhood Markets has a 12 month low of $13.04 and a 12 month high of $66.91. The company has a market capitalization of $57.71 billion, a price-to-earnings ratio of 110.65, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13. The company’s fifty day moving average price is $45.45 and its two-hundred day moving average price is $32.52.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. As a group, analysts anticipate that Robinhood Markets will post 0.97 EPS for the current year.

Insider Activity at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $37.51, for a total value of $11,253,000.00. Following the completion of the transaction, the insider now owns 806,955 shares in the company, valued at $30,268,882.05. This represents a 27.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Baiju Bhatt sold 90,866 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $55.34, for a total transaction of $5,028,524.44. Following the transaction, the director now owns 5,042 shares of the company’s stock, valued at approximately $279,024.28. This trade represents a 94.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,948,427 shares of company stock worth $165,005,244 in the last 90 days. Corporate insiders own 19.95% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

Large investors have recently made changes to their positions in the business. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets during the 4th quarter valued at about $26,000. HM Payson & Co. boosted its position in shares of Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 410 shares in the last quarter. Eastern Bank bought a new position in shares of Robinhood Markets during the 3rd quarter valued at about $30,000. True Wealth Design LLC bought a new position in shares of Robinhood Markets during the 3rd quarter valued at about $30,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after buying an additional 750 shares during the period. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

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.