Robinhood Markets, Inc. (NASDAQ:HOOD – Get Rating ) CEO Vladimir Tenev sold 83,333 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $8.24, for a total transaction of $686,663.92. Following the transaction, the chief executive officer now owns 1,244,603 shares of the company’s stock, valued at approximately $10,255,528.72. The sale was disclosed in a Securities and Exchange Commission legal filing, which is available through the SEC’s website.
Vladimir Tenev also recently made the following trades:
- Vladimir Tenev sold 83,334 shares of Robinhood Markets stock in a transaction on Friday, December 9th. The shares were sold at an average price of $9.36, for a total transaction of $780,006.24.
- Vladimir Tenev sold 29,368 shares of Robinhood Markets stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $11.63, for a total transaction of $341,549.84.
Robinhood Markets rose 1.7%
Shares of HOOD stock traded up $0.14 during trading on Friday, reaching $8.25. The company’s stock had a trading volume of 5,874,419 shares, compared to its average volume of 6,229,126. The business has a 50-day moving average of $9.36 and a 200-day moving average of $9.54. The company has a market cap of $7.32 billion, a price-to-earnings ratio of -1.14 and a beta of 0.86. Robinhood Markets, Inc. it has a one year low of $6.81 and a one year high of $17.21.
Robinhood Markets (NASDAK:HOOD – Get Rating ) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.13. The business had revenue of $361.00 million for the quarter, compared to analyst estimates of $372.02 million. Robinhood Markets had a negative net margin of 149.53% and a negative return on equity of 11.92%. Research analysts predict that Robinhood Markets, Inc. will achieve -1.12 EPS for the current year.
Analyst upgrades and downgrades
A number of brokerages recently issued reports on HOOD. Mizuho upped their target price on shares of Robinhood Markets from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 4th. Barclays cut their price target on shares of Robinhood Markets from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, December 19th. Citigroup lowered shares of Robinhood Markets from a “buy” rating to a “neutral” rating and cut their price objective for the company from $11.00 to $10.00 in a research note on Monday, December 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Robinhood Markets from $11.00 to $9.00 and set a hold rating on the stock in a research note on Tuesday, November 15th. Finally, The Goldman Sachs Group upped their price target on shares of Robinhood Markets from $11.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, November 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.21, according to MarketBeat.com.
Hedge funds influence the Robinhood markets
Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd acquired a new position in Robinhood Markets during the first quarter worth $28,000. Quantbot Technologies LP acquired a new position in Robinhood Markets during the second quarter valued at $28,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Robinhood Markets during the second quarter valued at $29,000. CVM LLC acquired a new position in Robinhood Markets during the second quarter valued at $33,000. Finally, Seeiond acquired a new position in Robinhood Markets during the second quarter worth $43,000. 58.81% of shares are currently owned by institutional investors and hedge funds.
About Robinhood Markets
(Get a grade)
Robinhood Markets, Inc operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold and cryptocurrencies. The company also offers a variety of learning and education solutions, including Snacks, a digest of business news; Learn, which is a collection of approximately articles, including guides, feature tutorials, and a financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron’s, Reuters and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to track securities, ETFs and cryptocurrencies, as well as cash management services; and offers first trade referrals to all new customers who have yet to trade.
Featured Articles
This current news alert is generated using narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. The MarketBeat editorial team reviewed this story prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Robinhood Markets, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing analysts daily and the stocks they recommend to their clients. MarketBeat identified five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on … and Robinhood Markets wasn’t on the list.
While Robinhood Markets currently has a “Hold” rating among analysts, top rated analysts believe these five stocks are better buys.
Check out five stocks here
