Friedenthal Financial Buys 778 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Friedenthal Financial lifted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 3.8% during the first quarter, HoldingsChannel reports. The firm owned 21,270 shares of the company’s stock after acquiring an additional 778 shares during the quarter. Friedenthal Financial’s holdings in Robinhood Markets were worth $885,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HOOD. Whipplewood Advisors LLC raised its stake in Robinhood Markets by 564.4% in the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock valued at $25,000 after acquiring an additional 508 shares during the period. CoreCap Advisors LLC raised its position in Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Robinhood Markets by 139.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company’s stock valued at $36,000 after purchasing an additional 498 shares during the last quarter. Finally, Colonial Trust Co SC bought a new position in Robinhood Markets in the fourth quarter valued at about $34,000. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the completion of the transaction, the chief technology officer now owns 5,853 shares in the company, valued at $201,987.03. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,645,121 shares of company stock worth $142,723,337. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets Trading Up 4.5%

HOOD opened at $78.35 on Thursday. The stock has a 50-day moving average price of $58.45 and a 200-day moving average price of $49.46. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $78.74. The stock has a market capitalization of $69.38 billion, a P/E ratio of 44.52, a PEG ratio of 4.42 and a beta of 2.25.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The firm had revenue of $927.00 million during the quarter, compared to analysts’ expectations of $917.12 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. Robinhood Markets’s revenue for the quarter was up 50.0% compared to the same quarter last year. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. KeyCorp cut their target price on Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group lifted their target price on Robinhood Markets from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Redburn Atlantic reiterated a “sell” rating and set a $48.00 price target (up from $40.00) on shares of Robinhood Markets in a report on Monday, June 9th. Finally, Barclays lowered their target price on Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Robinhood Markets 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.