Robinhood Markets (HOOD) Expected to Announce Earnings on Wednesday

Robinhood Markets (NASDAQ:HOOD) is expected to post its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect Robinhood Markets to post earnings of $0.41 per share and revenue of $930.22 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $56.27 on Tuesday. The firm has a market cap of $49.74 billion, a price-to-earnings ratio of 95.37, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13. The business has a 50-day simple moving average of $43.87 and a two-hundred day simple moving average of $31.51. Robinhood Markets has a fifty-two week low of $11.43 and a fifty-two week high of $57.27.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $51.60, for a total value of $1,290,000.00. Following the completion of the transaction, the insider now directly owns 706,642 shares in the company, valued at $36,462,727.20. This represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,857,561 shares of company stock worth $159,976,719. 19.95% of the stock is owned by insiders.

Analysts Set New Price Targets

HOOD has been the topic of a number of research analyst reports. Piper Sandler increased their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. JMP Securities boosted their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 12th. Mizuho raised their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley increased their price objective on shares of Robinhood Markets from $55.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Barclays raised their price objective 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 investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $46.67.

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.