In yesterday’s Wall Street session, Robinhood Markets Inc. (NASDAQ:HOOD) shares traded at $8.62, up 1.89% from the previous session.
As of this writing, 15 analysts cover Robinhood Markets Inc. (NASDAQ:HOOD). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $8.00, we find $10.00. Given the previous closing price of $8.46, this indicates a potential upside of 18.2 percent. HOOD stock price is now -6.49% away from the 50-day moving average and -11.02% away from the 200-day moving average. The market capitalization of the company currently stands at $8.58B.
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There are 7 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $11.69 as their price target over the next twelve months.
With the price target reduced from $11 to $10, Citigroup Downgraded its rating from Buy to Neutral for Robinhood Markets Inc. (NASDAQ: HOOD). On August 31, 2022, Barclays Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $10, while ‘Goldman’ rates the stock as ‘Neutral’.
In other news, Bhatt Baiju, Chief Creative Officer sold 96,472 shares of the company’s stock on May 11. The stock was sold for $918,056 at an average price of $9.52. Upon completion of the transaction, the Chief Creative Officer now directly owns 821,665 shares in the company, valued at $7.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 04, Chief Executive Officer Tenev Vladimir sold 83,333 shares of the business’s stock. A total of $699,897 was realized by selling the stock at an average price of $8.40. This leaves the insider owning 983,301 shares of the company worth $8.48 million. Insiders disposed of 11,812,452 shares of company stock worth roughly $101.82 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HOOD stock. A new stake in Robinhood Markets Inc. shares was purchased by MAN GROUP PLC during the first quarter worth $6,838,000. JUMP FINANCIAL, LLC invested $4,347,000 in shares of HOOD during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Robinhood Markets Inc. valued at approximately $3,549,000. ARDMORE ROAD ASSET MANAGEMENT LP acquired a new stake in HOOD for approximately $2,586,000. PICTON MAHONEY ASSET MANAGEMENT purchased a new stake in HOOD valued at around $1,363,000 in the second quarter. In total, there are 398 active investors with 67.70% ownership of the company’s stock.
Thursday morning saw Robinhood Markets Inc. (NASDAQ: HOOD) opened at $8.43. During the past 12 months, Robinhood Markets Inc. has had a low of $6.81 and a high of $12.76. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for HOOD is $9.20 and a two-hundred day moving average price translates $9.68 for the stock.
The latest earnings results from Robinhood Markets Inc. (NASDAQ: HOOD) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.57, beating analysts’ expectations of -$0.61 by 0.04. This compares to -$0.45 EPS in the same period last year. The net profit margin was -76.50% and return on equity was -16.40% for HOOD. The company reported revenue of $441.0 million for the quarter, compared to $299.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.49 percent. For the current quarter, analysts expect HOOD to generate $468.25M in revenue.
Robinhood Markets Inc.(HOOD) 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), options, gold, and cryptocurrencies. The company provides various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is an online collection of beginners’ guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron’s, Reuters, and Dow Jones; Snacks, an accessible digest of business news stories for new generation of investors. It also offers In-App Education, a resource that covers investing fundamentals, including why people invest, a stock market overview, and tips on how to define investing goals, as well as allows customers to understand the basics of investing before their first trade; and Crypto Learn and Earn, an educational module available to various crypto customers through Robinhood Learn to teach customers the basics related to cryptocurrency. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.
