KeyCorp Boosts Robinhood Markets (NASDAQ:HOOD) Price Target to $30.00

Robinhood Markets (NASDAQ:HOOD) had its target price increased by KeyCorp from $25.00 to $30.00 in a research note released on Monday, Benzinga reports. They currently have an overweight rating on the stock.

HOOD has been the subject of a number of other research reports. Citigroup boosted their target price on shares of Robinhood Markets from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. JMP Securities reissued a “market outperform” rating and issued a $30.00 price objective on shares of Robinhood Markets in a research note on Thursday, August 8th. Morgan Stanley lifted their target price on shares of Robinhood Markets from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Bank of America increased their target price on shares of Robinhood Markets from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Robinhood Markets currently has an average rating of “Hold” and a consensus price target of $24.97.

Robinhood Markets Trading Down 2.6 %

Shares of HOOD opened at $26.70 on Monday. The firm has a market cap of $23.46 billion, a P/E ratio of 178.00 and a beta of 1.84. Robinhood Markets has a 12 month low of $7.91 and a 12 month high of $27.60. The stock’s 50 day moving average is $22.38 and its two-hundred day moving average is $20.97.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $682.00 million for the quarter, compared to analyst estimates of $640.39 million. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The business’s revenue was up 40.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. Equities research analysts forecast that Robinhood Markets will post 0.76 EPS for the current year.

Insider Transactions at Robinhood Markets

In related news, Director Baiju Bhatt sold 98,404 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $26.40, for a total value of $2,597,865.60. Following the sale, the director now owns 2,521 shares in the company, valued at approximately $66,554.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction on Monday, August 5th. The stock was sold at an average price of $16.05, for a total value of $4,012,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 98,404 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $26.40, for a total value of $2,597,865.60. Following the sale, the director now owns 2,521 shares in the company, valued at approximately $66,554.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,639,654 shares of company stock worth $110,241,632 over the last ninety days. Company insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Robinhood Markets by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock valued at $1,143,960,000 after purchasing an additional 1,003,535 shares during the last quarter. UniSuper Management Pty Ltd raised its position in shares of Robinhood Markets by 87.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock worth $117,000 after acquiring an additional 2,700 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Robinhood Markets during the 4th quarter worth about $8,299,000. O Neil Global Advisors Inc. acquired a new position in Robinhood Markets in the second quarter valued at approximately $2,298,000. Finally, SG Americas Securities LLC raised its holdings in Robinhood Markets by 62.5% during the first quarter. SG Americas Securities LLC now owns 283,684 shares of the company’s stock worth $5,711,000 after purchasing an additional 109,059 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other 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.