Robinhood Markets (NASDAQ:HOOD) Given New $65.00 Price Target at Mizuho

Robinhood Markets (NASDAQ:HOOD) had its price target lifted by Mizuho from $60.00 to $65.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. JMP Securities lifted their price target on Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 12th. Morgan Stanley upped their price target on Robinhood Markets from $55.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Piper Sandler raised their price objective on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. KeyCorp upped their target price on shares of Robinhood Markets from $50.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Barclays raised their price target on shares of Robinhood Markets from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.67.

Robinhood Markets Trading Up 5.1 %

Shares of HOOD stock opened at $55.86 on Friday. The firm has a fifty day simple moving average of $43.49 and a two-hundred day simple moving average of $31.13. Robinhood Markets has a 12 month low of $11.00 and a 12 month high of $55.98. The firm has a market capitalization of $49.38 billion, a PE ratio of 94.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 186,514 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $38.13, for a total value of $7,111,778.82. Following the sale, the director now directly owns 2,521 shares in the company, valued at $96,125.73. This represents a 98.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven M. Quirk sold 19,861 shares of the stock in a transaction on Sunday, December 1st. The stock was sold at an average price of $37.54, for a total value of $745,581.94. Following the completion of the sale, the insider now owns 395,166 shares in the company, valued at $14,834,531.64. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,857,561 shares of company stock worth $159,976,719 over the last ninety days. 19.95% of the stock is currently owned by company insiders.

Institutional Trading of Robinhood Markets

Large investors have recently modified their holdings of the business. New Wave Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets during the 4th quarter valued at $26,000. HM Payson & Co. grew its holdings in shares of Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares during the last quarter. Eastern Bank purchased a new position in shares of Robinhood Markets in the third quarter valued at about $30,000. True Wealth Design LLC purchased a new position in Robinhood Markets during the 3rd quarter valued at about $30,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Robinhood Markets during the third quarter valued at approximately $33,000. 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.