Robinhood Markets, Inc. (NASDAQ:HOOD – Get Rating) CEO Vladimir Tenev sold 115,026 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $10.14, for a total transaction of $1,166,363.64. Following the transaction, the chief executive officer now owns 1,262,013 shares in the company, valued at approximately $12,796,811.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Vladimir Tenev also recently made the following trade(s):
- On Wednesday, February 2nd, Vladimir Tenev sold 113,484 shares of Robinhood Markets stock. The stock was sold at an average price of $14.09, for a total transaction of $1,598,989.56.
HOOD stock opened at $10.10 on Wednesday. The company has a market capitalization of $8.77 billion and a PE ratio of -0.92. Robinhood Markets, Inc. has a one year low of $9.00 and a one year high of $85.00. The company’s 50 day moving average price is $11.88 and its two-hundred day moving average price is $18.80.
Robinhood Markets (NASDAQ:HOOD – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.17). The business had revenue of $299.00 million for the quarter, compared to analysts’ expectations of $357.21 million. Robinhood Markets had a negative return on equity of 39.39% and a negative net margin of 203.12%. Robinhood Markets’s revenue was down 42.7% compared to the same quarter last year. As a group, equities analysts forecast that Robinhood Markets, Inc. will post -0.94 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D boosted its holdings in Robinhood Markets by 93.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 223,447 shares of the company’s stock valued at $3,019,000 after acquiring an additional 107,983 shares in the last quarter. FDx Advisors Inc. boosted its stake in Robinhood Markets by 116.9% in the 1st quarter. FDx Advisors Inc. now owns 25,953 shares of the company’s stock worth $351,000 after purchasing an additional 13,985 shares in the last quarter. National Asset Management Inc. bought a new position in Robinhood Markets in the 1st quarter worth about $157,000. Allspring Global Investments Holdings LLC bought a new position in Robinhood Markets in the 1st quarter worth about $47,000. Finally, Steward Partners Investment Advisory LLC raised its position in Robinhood Markets by 332.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 8,227 shares of the company’s stock worth $111,000 after buying an additional 6,324 shares during the last quarter. 64.46% of the stock is currently owned by institutional investors.
Several analysts have recently commented on HOOD shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Robinhood Markets from $11.00 to $10.00 in a report on Friday, April 29th. KeyCorp lowered their target price on shares of Robinhood Markets from $50.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, January 14th. The Goldman Sachs Group downgraded shares of Robinhood Markets from a “neutral” rating to a “sell” rating and lowered their target price for the company from $15.00 to $13.00 in a report on Friday, April 8th. Morgan Stanley initiated coverage on shares of Robinhood Markets in a report on Wednesday, March 30th. They set an “equal weight” rating and a $15.00 price objective for the company. Finally, Citigroup cut their target price on shares of Robinhood Markets from $51.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, January 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.83.
Robinhood Markets Company Profile (Get Rating)
Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron’s, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.
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