Robinhood Markets (NASDAQ:HOOD – Get Rating) is set to release quarterly earnings data after the market closes on Wednesday August 3. Analysts expect the company to report earnings of ($0.30) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Robinhood Markets (NASDAQ:HOOD – Get Rating) last released its quarterly results on Thursday, April 28. The company reported EPS of $0.21 for the quarter, beating the consensus estimate of ($0.31) by $0.52. The company posted revenue of $299.00 million for the quarter, versus analyst estimates of $357.21 million. Robinhood Markets had a negative net margin of 203.12% and a negative return on equity of 39.39%. The company’s quarterly revenue was down 42.7% year over year. On average, analysts expect Robinhood Markets to post EPS of -$1 for the current fiscal year and EPS of $0 for the next fiscal year.

Robinhood Markets Stock Performance

HOOD stock opened at $8.43 on Wednesday. The company has a market capitalization of $7.35 billion and a PE ratio of -0.77. The company’s fifty-day moving average is $8.67 and its 200-day moving average is $11.02. Robinhood Markets has a 1-year low of $6.81 and a 1-year high of $85.00.

Analysts set new price targets

HOOD has been the subject of several analyst reports. Goldman Sachs Group cut Robinhood Markets shares from a ‘sell’ rating to a ‘neutral’ rating and lowered its price target for the company from $11.50 to $9.50 in a research report Monday, June 27. Mizuho lowered its price target on Robinhood Markets shares from $19.00 to $14.00 in a Monday, May 2 report. Deutsche Bank Aktiengesellschaft lowered its price target on Robinhood Markets shares from $9.00 to $8.00 and set a “hold” rating on the stock in a Wednesday, July 13 report. JMP Securities lowered its price target on Robinhood Markets shares from $36.00 to $28.00 and set a “market outperformance” rating on the stock in a Tuesday, July 12 report. Finally, JPMorgan Chase & Co. lowered its price target on Robinhood Markets shares from $11.00 to $7.00 in a Tuesday, June 14 report. Three investment analysts have assigned the stock a sell rating, six have issued a hold rating and six have assigned the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.19.

Insider Trading on Robinhood Markets

In other Robinhood Markets news, Chief Financial Officer Jason Warnick sold 20,000 shares of Robinhood Markets in a trade dated Friday, July 8. The shares were sold at an average price of $9.00, for a total transaction of $180,000.00. Following the transaction, the CFO now directly owns 426,730 shares of the company, valued at $3,840,570. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Robinhood Markets news, Chief Financial Officer Jason Warnick sold 20,000 shares of Robinhood Markets in a trade dated Friday, July 8. The shares were sold at an average price of $9.00, for a total transaction of $180,000.00. Following the transaction, the CFO now directly owns 426,730 shares of the company, valued at $3,840,570. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, director Scott D. Sandell sold 8,792 shares of Robinhood Markets in a trade dated Thursday, May 12. The stock was sold at an average price of $8.41, for a total transaction of $73,940.72. The disclosure of this sale can be found here. In the past three months, insiders have sold 327,975 shares of the company valued at $3,240,792.

Institutional investors weigh in on Robinhood markets

A number of institutional investors have recently changed their positions in the stock. Vanguard Group Inc. increased its position in Robinhood Markets shares by 7,430.5% during the first quarter. Vanguard Group Inc. now owns 40,217,187 shares of the company valued at $543,334,000 after acquiring 39,683,128 additional shares in the last quarter. Renaissance Technologies LLC acquired a new equity position from Robinhood Markets in the first quarter, valued at approximately $52,986,000. Spring Creek Capital LLC increased its holdings of Robinhood Markets shares by 130.7% in the first quarter. Spring Creek Capital LLC now owns 3,411,841 shares of the company valued at $46,094,000 after purchasing an additional 1,932,667 shares last quarter. BlackRock Inc. increased its holdings of Robinhood Markets shares by 20.2% in the first quarter. BlackRock Inc. now owns 2,620,869 shares of the company valued at $35,408,000 after purchasing an additional 439,553 shares last quarter. Finally, State Street Corp increased its holdings of Robinhood Markets shares by 17.5% in the first quarter. State Street Corp now owns 1,519,416 shares of the company valued at $20,527,000 after purchasing an additional 226,042 shares last quarter. 64.46% of the shares are currently held by institutional investors and hedge funds.

Robinhood Markets Company Profile

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Robinhood Markets, Inc operates a 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 a variety of learning and education solutions, including Snacks, a business news digest; Learn, which is a collection of about articles including guides, feature tutorials, and a financial dictionary; Newsfeeds which provide free access to premium news from various sites, such as Barron’s, Reuters and The Wall Street Journal; Lists and Alerts, which allows 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 not yet made a trade.

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