Robinhood Markets, Inc. (NASDAQ:HOOD) Receives Consensus Rating of “Moderate Buy” from Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has earned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $137.30.

Several equities research analysts recently weighed in on HOOD shares. Morgan Stanley upped their target price on shares of Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Monday, December 22nd. Truist Financial began coverage on shares of Robinhood Markets in a research note on Wednesday, December 17th. They issued a “buy” rating and a $155.00 price target for the company. KeyCorp increased their price objective on Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Cantor Fitzgerald lowered their target price on Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Finally, Dbs Bank raised Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th.

Robinhood Markets Trading Down 1.9%

Shares of NASDAQ HOOD opened at $118.13 on Monday. The stock has a market capitalization of $106.22 billion, a PE ratio of 49.02, a PEG ratio of 2.20 and a beta of 2.43. Robinhood Markets has a twelve month low of $29.66 and a twelve month high of $153.86. The stock has a fifty day simple moving average of $127.79 and a 200-day simple moving average of $115.18.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.Robinhood Markets’s revenue for the quarter was up 100.0% on a year-over-year basis. During the same period last year, the business posted $0.17 EPS. On average, equities analysts predict that Robinhood Markets will post 1.35 earnings per share for the current year.

Insider Activity

In related news, Director Baiju Bhatt sold 418,338 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $116.56, for a total value of $48,761,477.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven M. Quirk sold 49,942 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total value of $6,549,893.30. Following the completion of the sale, the insider owned 54,496 shares in the company, valued at approximately $7,147,150.40. This represents a 47.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,686,763 shares of company stock worth $475,848,059 in the last ninety days. 14.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. raised its stake in Robinhood Markets by 44.9% during the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock worth $37,000 after acquiring an additional 79 shares in the last quarter. First Command Advisory Services Inc. grew its holdings in shares of Robinhood Markets by 33.8% during the third quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 81 shares during the last quarter. CogentBlue Wealth Advisors LLC increased its position in shares of Robinhood Markets by 3.8% during the third quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Robinhood Markets by 5.5% in the 3rd quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock valued at $269,000 after purchasing an additional 97 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position 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 purchasing an additional 99 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

About Robinhood Markets

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.