CoreCap Advisors LLC Grows Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

CoreCap Advisors LLC lifted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 191.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 837 shares of the company’s stock after buying an additional 550 shares during the period. CoreCap Advisors LLC’s holdings in Robinhood Markets were worth $31,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets during the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV lifted its stake in Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after acquiring an additional 750 shares during the period. Silicon Valley Capital Partners bought a new stake in Robinhood Markets in the 4th quarter worth approximately $37,000. Bogart Wealth LLC purchased a new stake in Robinhood Markets during the fourth quarter valued at $37,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Robinhood Markets in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Baiju Bhatt sold 223,528 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $43.21, for a total value of $9,658,644.88. Following the completion of the transaction, the director now directly owns 5,042 shares of the company’s stock, valued at approximately $217,864.82. This represents a 97.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,947,622 shares of company stock worth $89,994,656. Insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

HOOD stock opened at $60.68 on Friday. The company has a market capitalization of $53.73 billion, a P/E ratio of 38.65, a PEG ratio of 1.05 and a beta of 2.15. The business has a 50-day moving average price of $44.76 and a 200 day moving average price of $43.31. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The business’s revenue for the quarter was up 50.0% compared to the same quarter last year. On average, analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. The Goldman Sachs Group lifted their target price on Robinhood Markets from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday. Wolfe Research lowered shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Compass Point assumed coverage on shares of Robinhood Markets in a report on Wednesday, March 19th. They issued a “buy” rating and a $61.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Robinhood Markets from $54.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Piper Sandler raised their price target on Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $55.41.

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.