Robinhood Markets Target of Unusually Large Options Trading (NASDAQ:HOOD)

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 381,578 call options on the stock. This is an increase of approximately 25% compared to the average volume of 305,357 call options.

Robinhood Markets Trading Up 0.8%

Shares of HOOD opened at $72.27 on Thursday. The company has a market cap of $63.99 billion, a price-to-earnings ratio of 46.03, a PEG ratio of 1.05 and a beta of 2.15. Robinhood Markets has a 1-year low of $13.98 and a 1-year high of $73.00. The company’s fifty day simple moving average is $51.30 and its 200 day simple moving average is $46.85.

Robinhood Markets (NASDAQ:HOODGet Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Robinhood Markets’s quarterly revenue was up 50.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. As a group, research analysts forecast that Robinhood Markets will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on HOOD. JMP Securities restated a “market outperform” rating and issued a $70.00 price target on shares of Robinhood Markets in a report on Thursday, May 1st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $60.00 price target on shares of Robinhood Markets in a report on Thursday, March 27th. Citigroup lowered their price target on Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Wolfe Research downgraded Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Finally, Piper Sandler increased their price target on Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Six equities 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.41.

Check Out Our Latest Stock Report on Robinhood Markets

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.46, for a total value of $26,966,067.48. Following the completion of the sale, the director now owns 7,863 shares of the company’s stock, valued at $506,848.98. This trade represents a 98.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,096,884 shares of company stock valued at $102,320,000. 14.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Whipplewood Advisors LLC boosted its stake in shares of Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock worth $25,000 after acquiring an additional 508 shares during the period. Hemington Wealth Management boosted its stake in shares of Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 218 shares during the period. Wayfinding Financial LLC bought a new position in shares of Robinhood Markets during the 1st quarter worth approximately $30,000. CoreCap Advisors LLC boosted its stake in shares of Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after acquiring an additional 550 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after acquiring an additional 750 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Company Profile

(Get Free Report)

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.

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