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Wednesday, March 22, 2023

Investing In Robinhood Markets Inc. (NASDAQ: HOOD): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Robinhood Markets Inc. (HOOD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.105, or 0.97%, to $10.885. The Robinhood Markets Inc. has recorded 141,239 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Robinhood Announces Sherwood Media, LLC.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $10.78 and fluctuated between $10.88 as its day high and $10.16 as its day low. The current market capitalization of Robinhood Markets Inc. is $8.87B. A total of 10.41 million shares were traded on the day, compared to an average of 9.95M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, HOOD has seen 15 BUY and 15 SELL insider trades, representing the acquisition of 443,620 and the disposition of 628,565 shares. Over the last 12 months, there were 103 BUYs and 97 SELLs from insiders. Insiders purchased 5,353,881 shares during that period but sold 156,755,050.

In the most recent transaction, Bhatt Baiju sold 106,061 shares of HOOD for 8.53 per share on Jan 09. After the transaction, the Chief Creative Officer now owns 1,185,047 company shares. In a previous transaction on Jan 05, Gallagher Daniel Martin Jr sold 12,500 shares at 8.13 per share. HOOD shares that Chief Legal Officer owns now total 334,573.

Among the insiders who sold shares, Tenev Vladimir disposed of 83,333 shares on Jan 04 at a per-share price of $8.24. This resulted in the Chief Executive Officer holding 1,244,603 shares of HOOD after the transaction. In another insider transaction, Bhatt Baiju sold 91,912 shares at $9.36 per share on Dec 09. Company shares held by the Chief Creative Officer now total 1,291,108.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for HOOD in the last 3 months, the mean price target is $11.42 with high estimates of $25.00 and low estimates of $8.00. In terms of 52-week highs and lows, HOOD has a high of $16.49 and a low of $6.81.

As of this writing, HOOD has an earnings estimate of -$0.31 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.23 per share and a lower estimate of -$0.39. The company reported an EPS of -$0.45 in the last quarter, which was -25.00% lower than expectations of -$0.36.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HOOD is Underweight with a score of 2.92. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 2 thought it should be Sold.

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