By otakuyassine3@gmail.com 
Cantor Fitzgerald started coverage on shares of Robinhood Markets (NASDAQ:HOOD – Free Report) in a research report released on Thursday, MarketBeat reports. The firm issued an overweight rating and a $69.00 price target on the stock.
A number of other equities analysts also recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Sanford C. Bernstein boosted their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Wolfe Research downgraded shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Raymond James began coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They issued a “market perform” rating on the stock. Finally, JMP Securities boosted their price target on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $60.13.
View Our Latest Research Report on Robinhood Markets
Robinhood Markets Trading Down 0.9 %
NASDAQ HOOD opened at $44.42 on Thursday. The company has a fifty day simple moving average of $49.03 and a 200 day simple moving average of $35.92. Robinhood Markets has a 12-month low of $13.98 and a 12-month high of $66.91. The company has a market cap of $39.33 billion, a P/E ratio of 28.29, a PEG ratio of 1.05 and a beta of 2.14.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Sell-side analysts predict that Robinhood Markets will post 1.35 EPS for the current year.
Insider Activity at Robinhood Markets
In other news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $49.02, for a total transaction of $1,225,500.00. Following the sale, the insider now directly owns 822,893 shares in the company, valued at $40,338,214.86. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total value of $273,978.93. Following the sale, the chief technology officer now owns 17,559 shares in the company, valued at approximately $821,936.79. This represents a 25.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,171,641 shares of company stock worth $149,567,157. Company insiders own 19.95% of the company’s stock.
Institutional Investors Weigh In On Robinhood Markets
Hedge funds and other institutional investors have recently modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new stake in shares of Robinhood Markets during the fourth quarter valued at about $26,000. CoreCap Advisors LLC grew its holdings in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Colonial Trust Co SC purchased a new position in shares of Robinhood Markets during the fourth quarter worth about $34,000. Finally, Silicon Valley Capital Partners purchased a new position in shares of Robinhood Markets during the fourth quarter worth about $37,000. 93.27% of the stock is currently owned by institutional investors.
About Robinhood Markets
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.
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