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Robinhood Markets, Inc. (NASDAQ:HOOD – Get Rating) CEO Vladimir Tenev sold 83,333 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $8.24, for a total transaction of $686,663.92. Following the transaction, the chief executive officer now owns 1,244,603 shares of the company’s stock, valued at approximately $10,255,528.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Vladimir Tenev also recently made the following trade(s):
- On Friday, December 9th, Vladimir Tenev sold 83,334 shares of Robinhood Markets stock. The shares were sold at an average price of $9.36, for a total transaction of $780,006.24.
- On Wednesday, November 2nd, Vladimir Tenev sold 29,368 shares of Robinhood Markets stock. The shares were sold at an average price of $11.63, for a total transaction of $341,549.84.
Robinhood Markets Stock Up 1.7 %
Shares of HOOD stock traded up $0.14 during trading on Friday, reaching $8.25. The company’s stock had a trading volume of 5,874,419 shares, compared to its average volume of 6,229,126. The business has a fifty day moving average price of $9.36 and a 200-day moving average price of $9.54. The company has a market cap of $7.32 billion, a price-to-earnings ratio of -1.14 and a beta of 0.86. Robinhood Markets, Inc. has a one year low of $6.81 and a one year high of $17.21.
Robinhood Markets (NASDAQ:HOOD – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.13. The business had revenue of $361.00 million for the quarter, compared to analyst estimates of $372.02 million. Robinhood Markets had a negative net margin of 149.53% and a negative return on equity of 11.92%. Research analysts anticipate that Robinhood Markets, Inc. will post -1.12 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on HOOD. Mizuho boosted their price objective on shares of Robinhood Markets from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 4th. Barclays cut their price target on shares of Robinhood Markets from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, December 19th. Citigroup lowered shares of Robinhood Markets from a “buy” rating to a “neutral” rating and cut their price target for the company from $11.00 to $10.00 in a research note on Monday, December 12th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Robinhood Markets from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday, November 15th. Finally, The Goldman Sachs Group lifted their price target on shares of Robinhood Markets from $11.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, November 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.21.
Hedge Funds Weigh In On Robinhood Markets
Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd acquired a new position in Robinhood Markets during the first quarter worth $28,000. Quantbot Technologies LP acquired a new position in Robinhood Markets during the second quarter worth $28,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Robinhood Markets during the second quarter worth $29,000. CWM LLC acquired a new position in Robinhood Markets during the second quarter worth $33,000. Finally, Seeyond acquired a new position in Robinhood Markets during the second quarter worth $43,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.
About Robinhood Markets
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Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.
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