Wall Street Analyst Upgrade Robinhood Markets Inc. [HOOD]. What else is Wall St. saying

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Robinhood Markets Inc. [NASDAQ: HOOD] traded at a low on 07/08/22, posting a -0.22 loss after which it closed the day’ session at $9.00. The company report on May 31, 2022 that Robinhood Markets, Inc. to Present at the Piper Sandler Global Exchange & FinTech Conference on June 8, 2022.


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Today, Robinhood Markets, Inc. (NASDAQ: HOOD) announced that it will be participating in the upcoming Piper Sandler Global Exchange & FinTech Conference on June 8, 2022.

Robinhood Co-Founder and CEO Vlad Tenev, Chief Legal Officer Dan Gallagher, and Chief Brokerage Officer Steve Quirk are scheduled to present on Wednesday, June 8, 2022 at 9:00 AM ET / 6:00 AM PT. Interested parties may access a live audio webcast of the presentation by visiting the “Events” section of the company’s investor relations website at investors.robinhood.com. Following the presentation, a recording will be available for replay for at least 90 days on the same website.

The results of the trading session contributed to over 9821186 shares changing hands. Over the past one week, the price volatility of Robinhood Markets Inc. stands at 6.32% while the volatility over the past one month is 7.05%.

The market cap for HOOD stock reached $7.86 billion, with 867.77 million shares outstanding and 555.03 million shares in the current float. Compared to the average trading volume of 21.01M shares, HOOD reached a trading volume of 9821186 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Robinhood Markets Inc. [HOOD]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HOOD shares is $12.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HOOD stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Robinhood Markets Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 27, 2022. While these analysts kept the previous recommendation, Atlantic Equities raised their target price from $15 to $5. The new note on the price target was released on June 15, 2022, representing the official price target for Robinhood Markets Inc. stock. Previously, the target price had yet another drop from $15 to $13, while Goldman kept a Sell rating on HOOD stock.

The Average True Range (ATR) for Robinhood Markets Inc. is set at 0.61, with the Price to Sales ratio for HOOD stock in the period of the last 12 months amounting to 4.94. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 7.13. Price to Free Cash Flow for HOOD in the course of the last twelve months was 5.75 with Quick ratio for the last quarter at 1.60.

How has HOOD stock performed recently?

Robinhood Markets Inc. [HOOD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.49. With this latest performance, HOOD shares gained by 3.21% in over the last four-week period, additionally sinking by -43.68% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HOOD stock in for the last two-week period is set at 55.16, with the RSI for the last a single of trading hit 62.11, and the three-weeks RSI is set at 50.99 for Robinhood Markets Inc. [HOOD]. The present Moving Average for the last 50 days of trading for this stock 9.02, while it was recorded at 8.65 for the last single week of trading, and 18.79 for the last 200 days.

Robinhood Markets Inc. [HOOD]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Robinhood Markets Inc. [HOOD] shares currently have an operating margin of -199.77 and a Gross Margin at +73.31. Robinhood Markets Inc.’s Net Margin is presently recorded at -200.86.

Return on Equity for this stock declined to -78.29, with Return on Assets sitting at -23.97.

Robinhood Markets Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Insider trade positions for Robinhood Markets Inc. [HOOD]

There are presently around $4,510 million, or 68.70% of HOOD stock, in the hands of institutional investors. The top three institutional holders of HOOD stocks are: INDEX VENTURE ASSOCIATES VI LTD with ownership of 72,339,700, which is approximately 0% of the company’s market cap and around 0.40% of the total institutional ownership; GALILEO (PTC) LTD, holding 58,063,445 shares of the stock with an approximate value of $522.57 million in HOOD stocks shares; and NEA MANAGEMENT COMPANY, LLC, currently with $428.98 million in HOOD stock with ownership of nearly -33.308% of the company’s market capitalization.

Positions in Robinhood Markets Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 164 institutional holders increased their position in Robinhood Markets Inc. [NASDAQ:HOOD] by around 130,539,553 shares. Additionally, 132 investors decreased positions by around 96,486,829 shares, while 54 investors held positions by with 274,044,111 shares. The mentioned changes placed institutional holdings at 501,070,493 shares, according to the latest SEC report filing. HOOD stock had 77 new institutional investments in for a total of 59,388,791 shares, while 74 institutional investors sold positions of 41,529,638 shares during the same period.

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