20,492 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by Friedenthal Financial

Friedenthal Financial purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,492 shares of the company’s stock, valued at approximately $764,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HOOD. HM Payson & Co. lifted its position in Robinhood Markets by 53.5% in the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares in the last quarter. Eastern Bank acquired a new stake in shares of Robinhood Markets in the 3rd quarter valued at about $30,000. True Wealth Design LLC bought a new stake in shares of Robinhood Markets in the third quarter valued at about $30,000. ORG Wealth Partners LLC bought a new position in shares of Robinhood Markets during the 3rd quarter worth approximately $33,000. Finally, Connective Portfolio Management LLC acquired a new stake in shares of Robinhood Markets in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HOOD. Morgan Stanley raised shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $24.00 to $55.00 in a research report on Monday, November 25th. KeyCorp raised their price objective on Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. JMP Securities upped their target price on Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and issued a $52.00 price target (up from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average price target of $42.47.

Robinhood Markets Price Performance

Robinhood Markets stock traded down $0.49 during midday trading on Monday, hitting $39.59. The company’s stock had a trading volume of 13,284,040 shares, compared to its average volume of 16,916,744. The company has a market cap of $35.00 billion, a price-to-earnings ratio of 67.10, a PEG ratio of 0.81 and a beta of 2.07. Robinhood Markets, Inc. has a 1-year low of $10.38 and a 1-year high of $43.83. The company has a 50-day moving average price of $36.99 and a two-hundred day moving average price of $27.49.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm’s quarterly revenue was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. Sell-side analysts forecast that Robinhood Markets, Inc. will post 0.8 EPS for the current year.

Insider Activity

In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $42.64, for a total value of $250,552.64. Following the completion of the transaction, the chief technology officer now directly owns 5,876 shares in the company, valued at approximately $250,552.64. The trade was a 50.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Meyer Malka sold 1,535,681 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total transaction of $61,596,164.91. Following the completion of the transaction, the director now directly owns 4,974,238 shares in the company, valued at $199,516,686.18. This trade represents a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,708,196 shares of company stock worth $138,845,043. 19.95% of the stock is currently owned by company insiders.

About Robinhood Markets

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.