Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) gapped up prior to trading on Tuesday after Barclays raised their price target on the stock from $49.00 to $54.00. The stock had previously closed at $39.59, but opened at $41.80. Barclays currently has an overweight rating on the stock. Robinhood Markets shares last traded at $42.33, with a volume of 4,721,941 shares trading hands.
A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and upped their target price for the company from $40.00 to $46.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 5th. KeyCorp increased their price target on shares of Robinhood Markets from $30.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Morgan Stanley upgraded shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $24.00 to $55.00 in a research note on Monday, November 25th. Finally, Citigroup increased their target price on shares of Robinhood Markets from $25.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.47.
Read Our Latest Stock Report on Robinhood Markets
Insiders Place Their Bets
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of HOOD. HM Payson & Co. increased its position in Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after buying an additional 410 shares in the last quarter. True Wealth Design LLC purchased a new stake in Robinhood Markets during the 3rd quarter worth about $30,000. Eastern Bank acquired a new position in Robinhood Markets in the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new position in Robinhood Markets in the 3rd quarter valued at about $33,000. Finally, Connective Portfolio Management LLC acquired a new stake in shares of Robinhood Markets during the 3rd quarter worth about $47,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
Robinhood Markets Price Performance
The firm has a market cap of $36.91 billion, a price-to-earnings ratio of 70.78, a price-to-earnings-growth ratio of 0.81 and a beta of 2.07. The business’s 50-day moving average price is $37.63 and its two-hundred day moving average price is $27.75.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same quarter last year, the firm posted ($0.09) earnings per share. The company’s revenue was up 36.4% on a year-over-year basis. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 0.8 earnings per share for the current year.
Robinhood Markets 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), 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.
See Also
- Five stocks we like better than Robinhood Markets
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- What is a SEC Filing?
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- 3 Monster Growth Stocks to Buy Now
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter.