Robinhood Markets (NASDAQ:HOOD) Announces Earnings Results

Robinhood Markets (NASDAQ:HOOD) released its earnings results on Wednesday. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13, Zacks reports. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%.

Robinhood Markets Stock Up 14.1 %

NASDAQ:HOOD opened at $63.80 on Friday. Robinhood Markets has a 1-year low of $12.77 and a 1-year high of $66.91. The firm has a market capitalization of $56.40 billion, a price-to-earnings ratio of 108.14, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13. The stock has a fifty day simple moving average of $44.98 and a 200 day simple moving average of $32.13.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka sold 1,535,681 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total transaction of $61,596,164.91. Following the completion of the sale, the director now directly owns 4,974,238 shares in the company, valued at approximately $199,516,686.18. This trade represents a 23.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Baiju Bhatt sold 90,866 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44. Following the sale, the director now directly owns 5,042 shares of the company’s stock, valued at $279,024.28. This trade represents a 94.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,948,427 shares of company stock worth $165,005,244 in the last quarter. 19.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HOOD shares. Barclays increased their target price on Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday. KeyCorp increased their target price on Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho increased their target price on Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods increased their target price on Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, Morgan Stanley increased their target price on Robinhood Markets from $64.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.07.

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.