Requisite Capital Management LLC Acquires Shares of 7,150 Robinhood Markets, Inc. (NASDAQ:HOOD)

Requisite Capital Management LLC bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,150 shares of the company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HM Payson & Co. lifted its holdings in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares during the period. Eastern Bank purchased a new position in shares of Robinhood Markets during the 3rd quarter valued at approximately $30,000. True Wealth Design LLC acquired a new position in shares of Robinhood Markets in the 3rd quarter valued at $30,000. ORG Wealth Partners LLC purchased a new stake in Robinhood Markets during the third quarter worth $33,000. Finally, Connective Portfolio Management LLC acquired a new stake in Robinhood Markets during the third quarter valued at $47,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Barclays raised their price objective on Robinhood Markets from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. raised Robinhood Markets from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $20.00 to $43.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and lifted their price target for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Finally, Morgan Stanley upped their price objective on shares of Robinhood Markets from $55.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $43.07.

Insider Activity

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $37.92, for a total transaction of $222,817.92. Following the sale, the chief technology officer now directly owns 11,752 shares in the company, valued at $445,635.84. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $24.21, for a total transaction of $6,052,500.00. The disclosure for this sale can be found here. Insiders sold a total of 4,291,524 shares of company stock valued at $170,349,862 in the last 90 days. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

HOOD opened at $51.12 on Friday. The company’s 50 day simple moving average is $40.38 and its two-hundred day simple moving average is $29.17. The firm has a market capitalization of $45.19 billion, a price-to-earnings ratio of 86.65, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07. Robinhood Markets, Inc. has a 1-year low of $10.51 and a 1-year high of $52.06.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. During the same period in the prior year, the company posted ($0.09) EPS. The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 0.97 earnings per share for the current fiscal 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.