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

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

Analyst Upgrades and Downgrades

Several research firms have commented on HOOD. Barclays boosted their price objective on Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. JMP Securities boosted their target price on Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, KeyCorp boosted their target price on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and a consensus price target of $61.29.

Robinhood Markets Price Performance

The business 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 capitalization 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 results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping 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%. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the sale, the chief technology officer now owns 17,559 shares of the company’s stock, valued at approximately $821,936.79. This represents a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Baiju Bhatt sold 522,180 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $62.70, for a total value of $32,740,686.00. Following the sale, the director now directly owns 5,042 shares in the company, valued at $316,133.40. This represents a 99.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,979,251 shares of company stock worth $142,232,560 over the last ninety days. Corporate insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

A number of large investors have recently modified their holdings of the stock. Kilter Group LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter worth $240,000. Siemens Fonds Invest GmbH purchased a new stake in shares of Robinhood Markets during the fourth quarter worth $217,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Robinhood Markets during the fourth quarter worth $4,886,000. Employees Retirement System of Texas purchased a new stake in shares of Robinhood Markets during the fourth quarter worth $1,609,000. Finally, Windmill Hill Asset Management Ltd purchased a new position in Robinhood Markets in the fourth quarter valued at $493,000. 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.