Daiwa Securities Group Inc. Purchases Shares of 9,500 Robinhood Markets, Inc. (NASDAQ:HOOD)

Daiwa Securities Group Inc. acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,500 shares of the company’s stock, valued at approximately $169,000.

A number of other large investors also recently added to or reduced their stakes in HOOD. HM Payson & Co. purchased a new position in Robinhood Markets in the third quarter valued at about $25,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in Robinhood Markets in the fourth quarter valued at approximately $27,000. Rockefeller Capital Management L.P. acquired a new stake in Robinhood Markets in the third quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. grew its position in Robinhood Markets by 550.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,625 shares of the company’s stock valued at $29,000 after acquiring an additional 1,375 shares in the last quarter. Finally, Signaturefd LLC acquired a new stake in Robinhood Markets in the fourth quarter valued at approximately $36,000. 51.54% of the stock is currently owned by institutional investors.

In other news, insider Baiju Bhatt sold 113,479 shares of the company’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $14.09, for a total transaction of $1,598,919.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vladimir Tenev sold 113,484 shares of the company’s stock in a transaction dated Wednesday, February 2nd. The stock was sold at an average price of $14.09, for a total transaction of $1,598,989.56. The disclosure for this sale can be found here. Insiders have sold a total of 320,352 shares of company stock worth $4,324,842 over the last quarter.

HOOD has been the subject of a number of analyst reports. KeyCorp decreased their price objective on shares of Robinhood Markets from $50.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, January 14th. Morgan Stanley initiated coverage on shares of Robinhood Markets in a research report on Wednesday, March 30th. They issued an “equal weight” rating and a $15.00 price objective for the company. Bank of America decreased their price objective on shares of Robinhood Markets from $22.00 to $13.00 and set an “underperform” rating for the company in a research report on Monday, January 31st. Deutsche Bank Aktiengesellschaft cut their target price on Robinhood Markets from $14.00 to $11.00 in a research report on Thursday, April 7th. Finally, Zacks Investment Research lowered Robinhood Markets from a “buy” rating to a “hold” rating in a research report on Saturday, April 2nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.83.

Robinhood Markets stock opened at $10.26 on Friday. The firm’s 50-day moving average is $12.17 and its 200-day moving average is $20.47. Robinhood Markets, Inc. has a 1 year low of $9.93 and a 1 year high of $85.00.

Robinhood Markets (NASDAQ:HOOD – Get Rating) last posted its quarterly earnings results on Thursday, January 27th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.15). The business had revenue of $362.70 million during the quarter, compared to the consensus estimate of $366.64 million. Robinhood Markets had a negative return on equity of 112.72% and a negative net margin of 203.09%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. On average, research analysts expect that Robinhood Markets, Inc. will post -0.94 earnings per share for the current year.

Robinhood Markets Profile (Get Rating)

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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