Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells 5,876 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,876 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $47.82, for a total transaction of $280,990.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Monday, January 6th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $42.64, for a total value of $250,552.64.
• On Friday, December 20th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The stock was sold at an average price of $37.92, for a total value of $222,817.92.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $53.00 on Friday. The stock has a fifty day moving average price of $41.58 and a 200 day moving average price of $29.90. Robinhood Markets, Inc. has a 1-year low of $10.51 and a 1-year high of $53.51. The company has a market cap of $46.85 billion, a PE ratio of 89.83, a P/E/G ratio of 0.67 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same quarter last year, the business posted ($0.09) EPS. The firm’s revenue was up 36.4% on a year-over-year basis. Analysts anticipate that Robinhood Markets, Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds have recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets during the 4th quarter worth approximately $26,000. HM Payson & Co. grew its holdings in Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 410 shares during the period. Eastern Bank purchased a new position in Robinhood Markets in the third quarter worth $30,000. True Wealth Design LLC acquired a new stake in Robinhood Markets in the third quarter valued at $30,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Robinhood Markets during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler raised their target price on Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. JMP Securities boosted their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 12th. Morgan Stanley upped their target price on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price target (up from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. Finally, The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price objective for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.73.

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.