Mizuho Issues Positive Forecast for Robinhood Markets (NASDAQ:HOOD) Stock Price

Robinhood Markets (NASDAQ:HOODFree Report) had its target price increased by Mizuho from $110.00 to $115.00 in a research report released on Friday, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the company. KeyCorp decreased their price target on Robinhood Markets from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Zacks Research cut Robinhood Markets from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Wolfe Research raised Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 target price for the company in a research note on Monday, February 9th. Morgan Stanley decreased their price target on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $110.00 price target on shares of Robinhood Markets in a research report on Wednesday, April 29th. Nineteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $106.38.

View Our Latest Research Report on HOOD

Robinhood Markets Price Performance

Shares of HOOD opened at $94.30 on Friday. The company has a market cap of $84.92 billion, a P/E ratio of 45.56, a PEG ratio of 2.65 and a beta of 2.29. The stock has a fifty day moving average price of $76.63 and a 200 day moving average price of $94.51. Robinhood Markets has a 12 month low of $62.92 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company earned $0.37 earnings per share. Robinhood Markets’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, research analysts anticipate that Robinhood Markets will post 1.83 earnings per share for the current year.

Insider Activity at Robinhood Markets

In other news, insider Steven M. Quirk sold 8,540 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $84.93, for a total transaction of $725,302.20. Following the transaction, the insider owned 53,183 shares of the company’s stock, valued at approximately $4,516,832.19. This represents a 13.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $83.92, for a total value of $489,673.20. Following the transaction, the chief technology officer directly owned 12,171 shares in the company, valued at approximately $1,021,390.32. This represents a 32.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 560,765 shares of company stock worth $40,946,840. 14.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC grew its holdings in Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after buying an additional 99 shares during the last quarter. Vision Financial Markets LLC grew its holdings in Robinhood Markets by 100.0% in the 3rd quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Guerra Advisors Inc acquired a new stake in Robinhood Markets in the 3rd quarter valued at approximately $30,000. CYBER HORNET ETFs LLC grew its holdings in shares of Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Finally, MV Capital Management Inc. acquired a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Key Headlines Impacting Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

About Robinhood Markets

(Get Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

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Analyst Recommendations for Robinhood Markets (NASDAQ:HOOD)

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