The stock of Robinhood Markets Inc. (NASDAQ:HOOD) last traded at $10.47, down -1.23% from the previous session.
Data from the available sources indicates that Robinhood Markets Inc. (NASDAQ:HOOD) is covered by 14 analysts. 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 $9.00, we find $12.00. Given the previous closing price of $10.60, this indicates a potential upside of 13.21 percent. HOOD stock price is now -7.80% away from the 50-day moving average and 6.11% away from the 200-day moving average. The market capitalization of the company currently stands at $9.45B.
In total, 7 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $12.94 as their price target over the next twelve months.
With the price target enhanced from $12 to $13, Morgan Stanley maintained Equal-Weight rating for Robinhood Markets Inc. (NASDAQ: HOOD).
In other news, Bhatt Baiju, Chief Creative Officer sold 80,720 shares of the company’s stock on Sep 12. The stock was sold for $877,071 at an average price of $10.87. Upon completion of the transaction, the Chief Creative Officer now directly owns 492,445 shares in the company, valued at $5.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12, Chief Legal Officer Gallagher Daniel Martin Jr sold 80,000 shares of the business’s stock. A total of $867,792 was realized by selling the stock at an average price of $10.85. This leaves the insider owning 581,665 shares of the company worth $6.09 million. Insiders disposed of 2,837,430 shares of company stock worth roughly $29.71 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 D. E. SHAW & CO., INC. during the first quarter worth $17,548,000. PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC invested $14,864,000 in shares of HOOD during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Robinhood Markets Inc. valued at approximately $8,733,000. ADAMS STREET PARTNERS LLC acquired a new stake in HOOD for approximately $5,049,000. ALPINVEST PARTNERS B.V. purchased a new stake in HOOD valued at around $4,769,000 in the second quarter. In total, there are 395 active investors with 67.70% ownership of the company’s stock.
During the past 12 months, Robinhood Markets Inc. has had a low of $7.57 and a high of $13.23. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for HOOD is $11.34 and a two-hundred day moving average price translates $9.87 for the stock.
The latest earnings results from Robinhood Markets Inc. (NASDAQ: HOOD) was released for Jun, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.03, beating analysts’ expectations of -$0.01 by 0.04. This compares to -$0.34 EPS in the same period last year. The net profit margin was -49.60% and return on equity was -11.80% for HOOD. The company reported revenue of $486.0 million for the quarter, compared to $318.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.83 percent. For the current quarter, analysts expect HOOD to generate $477.02M 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.