Robinhood Markets (NASDAQ:HOOD) Shares Down 0.8% – Time to Sell?

Robinhood Markets, Inc. (NASDAQ:HOOD) shares were down 0.8% during trading on Friday . The stock traded as low as $41.50 and last traded at $43.33. Approximately 11,885,875 shares traded hands during trading, a decline of 43% from the average daily volume of 20,915,489 shares. The stock had previously closed at $43.66.

Analyst Upgrades and Downgrades

Several research analysts have commented on HOOD shares. Citigroup raised their price objective on Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Needham & Company LLC raised their price objective on Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Compass Point started coverage on Robinhood Markets in a report on Wednesday. They set a “buy” rating and a $61.00 price objective on the stock. Mizuho raised their price objective on Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Wolfe Research downgraded Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average target price of $61.29.

Robinhood Markets Trading Down 0.5 %

The stock has a 50-day simple moving average of $48.96 and a 200 day simple moving average of $36.99. The company has a market cap of $38.45 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of Robinhood Markets stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $37.51, for a total value of $11,253,000.00. Following the completion of the transaction, the insider now owns 806,955 shares of the company’s stock, valued at approximately $30,268,882.05. This represents a 27.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,979,251 shares of company stock worth $142,232,560. Insiders own 19.95% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank increased its stake in shares of Robinhood Markets by 31.1% in the 3rd quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock valued at $1,602,000 after purchasing an additional 16,219 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Robinhood Markets by 601.1% in the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company’s stock valued at $164,000 after purchasing an additional 3,769 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Robinhood Markets during the 4th quarter worth approximately $634,000. Charles Schwab Investment Management Inc. increased its stake in Robinhood Markets by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company’s stock worth $175,857,000 after buying an additional 138,267 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its stake in Robinhood Markets by 20.7% during the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock worth $20,154,000 after buying an additional 92,613 shares in the last quarter. Hedge funds and other institutional investors 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.