In a report released on August 4, Will Nance from Goldman Sachs maintained a Hold rating on Robinhood Markets (HOOD – Research Report), with a price target of $11.00. The company’s shares closed last Friday at $10.40.
Nance covers the Technology sector, focusing on stocks such as Coinbase Global, Fidelity National Info, and Nuvei Corp. According to TipRanks, Nance has an average return of -19.4% and a 35.56% success rate on recommended stocks.
In addition to Goldman Sachs, Robinhood Markets also received a Hold from Deutsche Bank’s Brian Bedell in a report issued on August 4. However, on the same day, Mizuho Securities maintained a Buy rating on Robinhood Markets (NASDAQ: HOOD).
HOOD market cap is currently $9.07B and has a P/E ratio of (3.69).
Based on the recent corporate insider activity of 154 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 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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