Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets (NASDAQ:HOOD) had its price objective boosted by equities researchers at Deutsche Bank Aktiengesellschaft from $27.00 to $32.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential downside of 3.03% from the company’s current price.

HOOD has been the topic of a number of other research reports. Barclays upped 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. JMP Securities upped their target price on Robinhood Markets from $30.00 to $33.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Bank of America lifted their price target on Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods cut their price objective on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their target price on Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Robinhood Markets has a consensus rating of “Hold” and an average price target of $26.10.

Robinhood Markets Trading Up 0.6 %

Shares of HOOD opened at $33.00 on Monday. The firm has a market cap of $29.17 billion, a PE ratio of 55.93, a P/E/G ratio of 0.73 and a beta of 1.84. Robinhood Markets has a 12 month low of $7.91 and a 12 month high of $34.32. The stock has a fifty day moving average price of $24.69 and a 200-day moving average price of $22.05.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. As a group, research analysts forecast that Robinhood Markets will post 0.71 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.33, for a total transaction of $241,625.00. Following the sale, the insider now directly owns 1,045,068 shares of the company’s stock, valued at $20,201,164.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Daniel Martin Gallagher, Jr. sold 23,293 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $23.42, for a total value of $545,522.06. Following the completion of the sale, the insider now owns 1,070,000 shares of the company’s stock, valued at approximately $25,059,400. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total transaction of $241,625.00. Following the transaction, the insider now owns 1,045,068 shares of the company’s stock, valued at $20,201,164.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,710,549 shares of company stock valued at $115,477,194. Corporate insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

A number of institutional investors and hedge funds have recently modified their holdings of HOOD. Allspring Global Investments Holdings LLC increased its stake in Robinhood Markets by 1,211,858.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock worth $89,410,000 after buying an additional 3,817,355 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Robinhood Markets by 37.7% during the 2nd quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company’s stock worth $173,770,000 after purchasing an additional 2,094,800 shares during the last quarter. Sparta 24 Ltd. boosted its position in Robinhood Markets by 905.8% during the third quarter. Sparta 24 Ltd. now owns 1,625,158 shares of the company’s stock worth $38,061,000 after acquiring an additional 1,463,578 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Robinhood Markets by 169.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,991,586 shares of the company’s stock valued at $40,092,000 after acquiring an additional 1,251,495 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Robinhood Markets by 274.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,661,824 shares of the company’s stock valued at $37,341,000 after acquiring an additional 1,218,317 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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.