Robinhood Markets (NASDAQ:HOOD) Stock Price Down 0.1% – Should You Sell?

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) fell 0.1% during trading on Friday . The company traded as low as $52.72 and last traded at $52.97. 4,174,021 shares changed hands during trading, a decline of 80% from the average session volume of 20,568,123 shares. The stock had previously closed at $53.00.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HOOD shares. Morgan Stanley lifted their target price on shares of Robinhood Markets from $55.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Piper Sandler boosted their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their target price for the company from $40.00 to $46.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $52.00 price objective (up from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.73.

Robinhood Markets Price Performance

The firm’s 50 day moving average price is $41.58 and its 200-day moving average price is $29.90. The firm has a market cap of $46.19 billion, a price-to-earnings ratio of 88.57, a P/E/G ratio of 0.69 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm’s revenue was up 36.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) earnings per share. Analysts expect that Robinhood Markets, Inc. will post 0.97 EPS for the current year.

Insider Activity at Robinhood Markets

In related news, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $24.21, for a total transaction of $6,052,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $47.82, for a total value of $280,990.32. The disclosure for this sale can be found here. Insiders sold 4,297,400 shares of company stock valued at $170,630,852 over the last ninety days. 19.95% of the stock is owned by insiders.

Institutional Investors Weigh In On Robinhood Markets

Several large investors have recently made changes to their positions in the stock. American Century Companies Inc. bought a new position in Robinhood Markets during the 2nd quarter worth $486,000. Sei Investments Co. grew its position in Robinhood Markets by 64.1% in the second quarter. Sei Investments Co. now owns 61,754 shares of the company’s stock valued at $1,402,000 after acquiring an additional 24,129 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Robinhood Markets by 8.7% during the second quarter. The Manufacturers Life Insurance Company now owns 139,902 shares of the company’s stock valued at $3,177,000 after purchasing an additional 11,146 shares in the last quarter. Creative Planning boosted its stake in shares of Robinhood Markets by 142.8% during the second quarter. Creative Planning now owns 26,290 shares of the company’s stock valued at $597,000 after purchasing an additional 15,464 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Robinhood Markets by 58,832.8% during the second quarter. NewEdge Advisors LLC now owns 39,485 shares of the company’s stock valued at $897,000 after purchasing an additional 39,418 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.