Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 108,964 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 108,964 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the sale, the director now directly owns 2,521 shares of the company’s stock, valued at approximately $62,823.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Baiju Bhatt also recently made the following trade(s):

• On Thursday, October 17th, Baiju Bhatt sold 98,404 shares of Robinhood Markets stock. The shares were sold at an average price of $26.40, for a total transaction of $2,597,865.60.
• On Monday, September 9th, Baiju Bhatt sold 139,916 shares of Robinhood Markets stock. The stock was sold at an average price of $19.55, for a total transaction of $2,735,357.80.
• On Wednesday, August 14th, Baiju Bhatt sold 143,944 shares of Robinhood Markets stock. The stock was sold at an average price of $18.73, for a total transaction of $2,696,071.12.

Robinhood Markets Trading Down 1.7 %

Shares of NASDAQ:HOOD traded down $0.50 during midday trading on Thursday, reaching $29.36. The company had a trading volume of 24,858,824 shares, compared to its average volume of 15,754,972. The company’s 50 day moving average price is $23.77 and its 200 day moving average price is $21.62. The stock has a market cap of $25.95 billion, a P/E ratio of 50.51, a P/E/G ratio of 0.58 and a beta of 1.84. Robinhood Markets, Inc. has a 52-week low of $7.91 and a 52-week high of $30.06.

Robinhood Markets (NASDAQ:HOOD) last issued 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 company had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. Robinhood Markets’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.09) earnings per share. Research analysts forecast that Robinhood Markets, Inc. will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HOOD. Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a report on Thursday, October 31st. Piper Sandler increased their target price on shares of Robinhood Markets from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Bank of America increased their target price on shares of Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Keefe, Bruyette & Woods cut their price target on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Finally, Barclays increased their price target on shares of Robinhood Markets from $23.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets has an average rating of “Hold” and an average target price of $25.17.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently modified their holdings of HOOD. HM Payson & Co. increased its position in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 410 shares during the period. Eastern Bank bought a new position in shares of Robinhood Markets in the third quarter worth approximately $30,000. ORG Partners LLC bought a new position in shares of Robinhood Markets in the second quarter worth approximately $33,000. ORG Wealth Partners LLC bought a new position in shares of Robinhood Markets in the third quarter worth approximately $33,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Robinhood Markets in the first quarter worth approximately $34,000. 93.27% of the stock is currently owned by institutional investors.

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.