Robinhood Markets (HOOD) to Release Earnings on Wednesday

Robinhood Markets (NASDAQ:HOOD) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect Robinhood Markets to post earnings of $0.41 per share and revenue of $930.22 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Robinhood Markets Stock Up 0.7 %

Shares of Robinhood Markets stock opened at $56.27 on Tuesday. Robinhood Markets has a 12-month low of $11.43 and a 12-month high of $57.27. The company has a market capitalization of $49.74 billion, a price-to-earnings ratio of 95.37, a PEG ratio of 0.73 and a beta of 2.13. The firm’s 50-day moving average price is $43.87 and its two-hundred day moving average price is $31.51.

Insider Buying and Selling at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $37.92, for a total value of $222,817.92. Following the sale, the chief technology officer now directly owns 11,752 shares in the company, valued at approximately $445,635.84. The trade was a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,857,561 shares of company stock worth $159,976,719. Corporate insiders own 19.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HOOD. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and increased their price target for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Sanford C. Bernstein raised their price objective on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Mizuho boosted their target price on Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. raised shares of Robinhood Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. Finally, Morgan Stanley boosted their price objective on Robinhood Markets from $55.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $46.67.

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.