Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner Sells 5,876 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,876 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $47.82, for a total value of $280,990.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Monday, January 6th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $42.64, for a total value of $250,552.64.
• On Friday, December 20th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $37.92, for a total value of $222,817.92.

Robinhood Markets Stock Up 3.5 %

Shares of Robinhood Markets stock traded up $1.75 during midday trading on Wednesday, hitting $51.15. The company’s stock had a trading volume of 17,685,724 shares, compared to its average volume of 21,721,932. The firm has a market capitalization of $45.22 billion, a P/E ratio of 86.70, a PEG ratio of 0.67 and a beta of 2.07. The stock has a 50-day simple moving average of $40.92 and a 200-day simple moving average of $29.59. Robinhood Markets, Inc. has a 1-year low of $10.51 and a 1-year high of $52.06.

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

Hedge Funds Weigh In On Robinhood Markets

Institutional investors have recently bought and sold shares of the stock. New Wave Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at about $26,000. HM Payson & Co. grew its position in Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after buying an additional 410 shares in the last quarter. Eastern Bank acquired a new stake in Robinhood Markets during the third quarter worth about $30,000. True Wealth Design LLC acquired a new stake in Robinhood Markets during the third quarter worth about $30,000. Finally, ORG Wealth Partners LLC acquired a new stake in Robinhood Markets during the third quarter worth about $33,000. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HOOD shares. Keefe, Bruyette & Woods upped their price objective on Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Piper Sandler upped their target price on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley lifted their target price on Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Citigroup boosted their price target on Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.07.

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.