Deutsche Bank Aktiengesellschaft Increases Robinhood Markets (NASDAQ:HOOD) Price Target to $20.00

Robinhood Markets (NASDAQ:HOODFree Report) had its target price raised by Deutsche Bank Aktiengesellschaft from $19.00 to $20.00 in a research note released on Thursday, Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts also recently issued reports on HOOD. The Goldman Sachs Group upped their price target on Robinhood Markets from $18.00 to $20.00 and gave the stock a neutral rating in a research report on Monday, April 15th. TheStreet upgraded Robinhood Markets from a d+ rating to a c- rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods initiated coverage on Robinhood Markets in a report on Wednesday, April 3rd. They set a market perform rating and a $20.00 target price for the company. KeyCorp lifted their price target on Robinhood Markets from $22.00 to $23.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. Finally, Sanford C. Bernstein initiated coverage on Robinhood Markets in a research note on Thursday, March 14th. They issued an outperform rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Robinhood Markets has an average rating of Hold and a consensus target price of $20.18.

Read Our Latest Research Report on Robinhood Markets

Robinhood Markets Stock Up 2.6 %

Shares of NASDAQ HOOD opened at $22.29 on Thursday. Robinhood Markets has a twelve month low of $7.91 and a twelve month high of $24.28. The business has a fifty day simple moving average of $19.56 and a two-hundred day simple moving average of $16.12. The firm has a market cap of $19.59 billion, a PE ratio of 148.60 and a beta of 1.83.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.05 by $0.13. Robinhood Markets had a return on equity of 1.86% and a net margin of 6.22%. The firm had revenue of $618.00 million during the quarter, compared to analyst estimates of $552.74 million. During the same period in the previous year, the company posted ($0.57) EPS. The business’s revenue for the quarter was up 40.1% compared to the same quarter last year. On average, research analysts expect that Robinhood Markets will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Baiju Bhatt sold 16,667 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $17.16, for a total transaction of $286,005.72. Following the sale, the director now owns 36,045 shares of the company’s stock, valued at approximately $618,532.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Robinhood Markets news, Director Baiju Bhatt sold 16,667 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $17.16, for a total value of $286,005.72. Following the completion of the transaction, the director now owns 36,045 shares in the company, valued at $618,532.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $21.03, for a total value of $5,257,500.00. The disclosure for this sale can be found here. Insiders sold 1,365,507 shares of company stock valued at $25,995,973 in the last ninety days. Insiders own 19.95% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

Institutional investors have recently added to or reduced their stakes in the stock. Railway Pension Investments Ltd grew its stake in shares of Robinhood Markets by 52.6% in the 1st quarter. Railway Pension Investments Ltd now owns 2,393,031 shares of the company’s stock valued at $48,172,000 after purchasing an additional 825,307 shares during the last quarter. EULAV Asset Management grew its position in Robinhood Markets by 4.5% in the 1st quarter. EULAV Asset Management now owns 700,000 shares of the company’s stock valued at $14,091,000 after buying an additional 30,000 shares during the last quarter. Cetera Advisors LLC acquired a new position in Robinhood Markets in the 1st quarter valued at $606,000. Jacobs Levy Equity Management Inc. raised its position in Robinhood Markets by 12.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,779,376 shares of the company’s stock worth $35,819,000 after buying an additional 197,245 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new stake in shares of Robinhood Markets in the 1st quarter worth $988,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Robinhood Markets (NASDAQ:HOOD)

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