Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $150.00

by · The Markets Daily

Robinhood Markets (NASDAQ:HOOD – Get Free Report) had its price target hoisted by Cantor Fitzgerald from $115.00 to $150.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 22.84% from the company’s current price.

Several other brokerages also recently commented on HOOD. Zacks Research raised Robinhood Markets from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Argus raised their price target on Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. The Goldman Sachs Group reissued a “buy” rating on shares of Robinhood Markets in a report on Tuesday. Loop Capital set a $142.00 price target on Robinhood Markets in a research note on Tuesday. Finally, KeyCorp upped their price target on Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.67.

Get Our Latest Analysis on Robinhood Markets

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $122.11 on Tuesday. The stock has a market cap of $109.79 billion, a P/E ratio of 53.79, a PEG ratio of 2.50 and a beta of 2.34. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. Robinhood Markets has a twelve month low of $63.51 and a twelve month high of $153.86. The company’s 50-day simple moving average is $103.14 and its 200 day simple moving average is $88.67.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.18. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The company’s revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. As a group, research analysts forecast that Robinhood Markets will post 2.09 earnings per share for the current fiscal year.

Insider Activity

In other Robinhood Markets news, Director Paula Loop sold 8,336 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $120.00, for a total value of $1,000,320.00. Following the completion of the sale, the director owned 63,674 shares in the company, valued at $7,640,880. This trade represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at approximately $43,563,750. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 626,283 shares of company stock worth $69,070,083. Corporate insiders own 13.48% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC raised its stake in Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Robinhood Markets during the 4th quarter worth approximately $27,000. MV Capital Management Inc. acquired a new position in shares of Robinhood Markets during the 4th quarter worth approximately $27,000. C M Bidwell & Associates Ltd. bought a new stake in Robinhood Markets in the 2nd quarter valued at $27,000. Finally, Swiss RE Ltd. acquired a new stake in Robinhood Markets during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Robinhood Markets

(Get Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

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