Mizuho Cuts Robinhood Markets (NASDAQ:HOOD) Price Target to $135.00

Robinhood Markets (NASDAQ:HOOD) had its price target trimmed by Mizuho from $172.00 to $135.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

HOOD has been the topic of several other reports. Loop Capital set a $130.00 target price on Robinhood Markets in a report on Monday, February 9th. Cantor Fitzgerald restated an “overweight” rating and set a $130.00 price objective on shares of Robinhood Markets in a research report on Monday, February 9th. Argus started coverage on Robinhood Markets in a report on Friday, January 9th. They issued a “buy” rating and a $145.00 target price on the stock. Truist Financial lowered their price target on shares of Robinhood Markets from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Robinhood Markets in a research note on Wednesday, February 11th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.71.

Robinhood Markets Price Performance

HOOD opened at $75.65 on Tuesday. Robinhood Markets has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The company’s 50 day moving average price is $104.32 and its two-hundred day moving average price is $117.37. The firm has a market capitalization of $68.02 billion, a price-to-earnings ratio of 36.72, a PEG ratio of 1.27 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business earned $1.01 earnings per share. Robinhood Markets’s revenue was up 26.5% compared to the same quarter last year. As a group, equities research analysts predict that Robinhood Markets will post 1.35 EPS for the current year.

Insider Buying and Selling

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $87.07, for a total transaction of $870,700.00. Following the completion of the sale, the insider owned 393,612 shares in the company, valued at $34,271,796.84. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven M. Quirk sold 52,540 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total value of $4,613,537.40. Following the transaction, the insider directly owned 27,564 shares in the company, valued at $2,420,394.84. The trade was a 65.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 706,413 shares of company stock worth $85,161,009 over the last 90 days. 14.47% of the stock is owned by company insiders.

Institutional Trading of Robinhood Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Robinhood Markets by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after buying an additional 1,334,443 shares during the last quarter. State Street Corp boosted its stake in Robinhood Markets by 2.7% during the 4th quarter. State Street Corp now owns 33,121,452 shares of the company’s stock valued at $3,746,036,000 after purchasing an additional 875,297 shares during the last quarter. Geode Capital Management LLC boosted its stake in Robinhood Markets by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock valued at $2,386,944,000 after purchasing an additional 356,902 shares during the last quarter. Morgan Stanley increased its holdings in Robinhood Markets by 23.9% during the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after purchasing an additional 2,061,832 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Robinhood Markets in the fourth quarter worth approximately $1,202,160,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.