Robinhood Markets (NASDAQ:HOOD) Stock Rating Lowered by Wolfe Research

Robinhood Markets (NASDAQ:HOOD) was downgraded by stock analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued on Tuesday,Briefing.com Automated Import reports.

HOOD has been the subject of a number of other reports. Citigroup upped their price objective on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price target for the company from $40.00 to $46.00 in a research report on Friday, December 6th. KeyCorp lifted their price objective on shares of Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Sanford C. Bernstein increased their target price on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Keefe, Bruyette & Woods lifted their price target on Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.07.

Robinhood Markets Price Performance

HOOD stock opened at $65.28 on Tuesday. The firm has a market cap of $57.71 billion, a PE ratio of 110.65, a P/E/G ratio of 0.73 and a beta of 2.13. Robinhood Markets has a 12 month low of $13.04 and a 12 month high of $66.91. The firm has a 50 day simple moving average of $45.96 and a 200 day simple moving average of $32.92.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. As a group, sell-side analysts expect that Robinhood Markets will post 0.97 earnings per share for the current year.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 186,514 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the completion of the transaction, the director now owns 2,521 shares of the company’s stock, valued at approximately $96,125.73. The trade was a 98.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Meyer Malka sold 1,535,681 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total value of $61,596,164.91. Following the sale, the director now owns 4,974,238 shares of the company’s stock, valued at approximately $199,516,686.18. The trade was a 23.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,948,427 shares of company stock valued at $165,005,244. Insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Creative Planning increased its position in Robinhood Markets by 34.6% during the third quarter. Creative Planning now owns 35,384 shares of the company’s stock worth $829,000 after acquiring an additional 9,094 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Robinhood Markets by 32.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 28,125 shares of the company’s stock worth $659,000 after purchasing an additional 6,872 shares during the period. Blue Trust Inc. raised its position in shares of Robinhood Markets by 183.6% during the third quarter. Blue Trust Inc. now owns 22,938 shares of the company’s stock valued at $521,000 after buying an additional 14,849 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Robinhood Markets by 76.6% in the third quarter. Raymond James & Associates now owns 99,278 shares of the company’s stock valued at $2,325,000 after buying an additional 43,075 shares during the period. Finally, Castleview Partners LLC grew its position in Robinhood Markets by 18.2% during the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock worth $89,000 after buying an additional 582 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.