Robinhood Markets (NASDAQ:HOOD) Upgraded at Dbs Bank

by · The Cerbat Gem

Dbs Bank upgraded shares of Robinhood Markets (NASDAQ:HOOD – Free Report) to a moderate buy rating in a report released on Wednesday,Zacks.com reports.

HOOD has been the topic of a number of other reports. Zacks Research downgraded Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. KeyCorp upped their target price on Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Morgan Stanley raised their price target on Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Cantor Fitzgerald boosted their price target on Robinhood Markets from $130.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, CICC Research assumed coverage on shares of Robinhood Markets in a research report on Monday, October 27th. They issued an “outperform” rating and a $155.00 price objective for the company. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.65.

View Our Latest Report on HOOD

Robinhood Markets Price Performance

Robinhood Markets stock traded up $0.97 during trading hours on Wednesday, reaching $122.50. The stock had a trading volume of 31,979,812 shares, compared to its average volume of 27,116,374. Robinhood Markets has a 52 week low of $29.66 and a 52 week high of $153.86. The company has a market cap of $110.15 billion, a price-to-earnings ratio of 50.83, a PEG ratio of 2.78 and a beta of 2.42. The business’s 50 day moving average price is $132.81 and its 200-day moving average price is $102.40.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm earned $0.17 EPS. The company’s quarterly revenue was up 100.0% compared to the same quarter last year. On average, sell-side analysts forecast that Robinhood Markets will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, Director Baiju Bhatt sold 1,330,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $128.47, for a total transaction of $170,865,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total transaction of $104,797,500.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,297,404 shares of company stock worth $529,026,559 in the last quarter. 14.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in shares of Robinhood Markets by 6.4% during the first quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock worth $2,092,000 after acquiring an additional 3,032 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Robinhood Markets by 3.1% in the 1st quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock valued at $677,000 after buying an additional 486 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Robinhood Markets by 125.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 19,201 shares of the company’s stock valued at $799,000 after buying an additional 10,703 shares in the last quarter. Metavasi Capital LP raised its position in Robinhood Markets by 275.0% in the first quarter. Metavasi Capital LP now owns 75,000 shares of the company’s stock worth $3,122,000 after acquiring an additional 55,000 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Robinhood Markets by 137.6% in the first quarter. Deutsche Bank AG now owns 1,761,767 shares of the company’s stock valued at $73,325,000 after acquiring an additional 1,020,286 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About Robinhood Markets

(Get Free Report)

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.

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