JMP Securities Sticks to Its Buy Rating for Robinhood Markets (HOOD)

JMP Securities analyst Devin Ryan reiterated a Buy rating on Robinhood Markets (HOOD – Research Report) today and set a price target of $25.00. The company’s shares closed yesterday at $19.28.

Ryan covers the Financial sector, focusing on stocks such as Coinbase Global, LPL Financial, and Piper Sandler. According to TipRanks, Ryan has an average return of 22.7% and a 69.77% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Robinhood Markets with a $16.58 average price target, representing a -14.00% downside. In a report released on March 14, Bernstein also initiated coverage with a Buy rating on the stock with a $30.00 price target.

The company has a one-year high of $19.42 and a one-year low of $7.91. Currently, Robinhood Markets has an average volume of 15.26M.

Based on the recent corporate insider activity of 135 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.