Barclays analyst Benjamin Budish maintained a Sell rating on Robinhood Markets (HOOD – Research Report) yesterday and set a price target of $11.00. The company’s shares closed yesterday at $17.16.
According to TipRanks, Budish is a 4-star analyst with an average return of 6.4% and a 70.43% success rate. Budish covers the Financial sector, focusing on stocks such as Coinbase Global, Blackstone Group, and Charles Schwab.
In addition to Barclays, Robinhood Markets also received a Sell from Bank of America Securities’s Craig Siegenthaler in a report issued on March 4. However, on March 7, Mizuho Securities maintained a Buy rating on Robinhood Markets (NASDAQ: HOOD).
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Based on Robinhood Markets’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $467 million and a GAAP net loss of $85 million. In comparison, last year the company earned a revenue of $361 million and had a GAAP net loss of $175 million
Based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HOOD in relation to earlier this year.
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Robinhood Markets (HOOD) Company Description:
Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.
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