Barclays Sticks to Its Sell Rating for Robinhood Markets (HOOD)

Barclays analyst Benjamin Budish maintained a Sell rating on Robinhood Markets (HOOD – Research Report) today and set a price target of $16.00. The company’s shares closed last Friday at $18.40.

Budish covers the Financial sector, focusing on stocks such as Coinbase Global, Blackstone Group, and Interactive Brokers. According to TipRanks, Budish has an average return of 5.2% and a 68.07% success rate on recommended stocks.

In addition to Barclays, Robinhood Markets also received a Sell from Bank of America Securities’s Craig Siegenthaler in a report issued on April 2. However, on April 5, Deutsche Bank maintained a Hold rating on Robinhood Markets (NASDAQ: HOOD).

The company has a one-year high of $20.55 and a one-year low of $7.91. Currently, Robinhood Markets has an average volume of 15.73M.

Based on the recent corporate insider activity of 132 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.