Robinhood Markets (NASDAQ:HOOD) Insider Steven Quirk Sells 49,942 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Steven Quirk sold 49,942 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total value of $6,549,893.30. Following the transaction, the insider directly owned 54,496 shares in the company, valued at approximately $7,147,150.40. This trade represents a 47.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robinhood Markets Stock Down 3.7%

HOOD traded down $5.13 on Friday, hitting $131.95. 23,029,724 shares of the company traded hands, compared to its average volume of 39,498,418. The company has a 50 day moving average of $133.09 and a 200-day moving average of $108.96. Robinhood Markets, Inc. has a 12-month low of $29.66 and a 12-month high of $153.86. The stock has a market capitalization of $118.65 billion, a PE ratio of 54.75, a PEG ratio of 3.00 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 100.0% compared to the same quarter last year. On average, research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on HOOD shares. Barclays increased their target price on Robinhood Markets from $162.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Dbs Bank raised Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. Compass Point reissued a “buy” rating on shares of Robinhood Markets in a research report on Monday, October 27th. KeyCorp raised their price objective on Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Citizens Jmp increased their price target on Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $136.95.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. increased its stake in shares of Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after purchasing an additional 148 shares during the period. Hemington Wealth Management boosted its stake in shares of Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in shares of Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Finally, Smithfield Trust Co acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at $29,000. 93.27% of the stock is owned by institutional investors and hedge funds.

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.