Robinhood Markets Inc (NASDAQ: HOOD) May Be Attracting Institutional Investments

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. Recently, Yahoo Finance discussed the stock, revealing that Robinhood Markets, Inc. Reports January 2024 Operating Data.

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Stocks Info

Robinhood Markets Inc is listed on the NASDAQ as a member of the Financial sector and is a part of the Capital Markets industry. At the end of the last regular session, the stock closed at $13.59 and fluctuated between $13.89 as its day high and $13.39 as its day low. The current market capitalization of Robinhood Markets Inc is $11.77B. A total of 13.85 million shares were traded on the day, compared to an average of 15.60M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, HOOD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 64 BUYs and 59 SELLs from insiders. Insiders purchased 2,331,254 shares during that period but sold 2,779,047.

In the most recent transaction, Warnick Jason sold 5,000 shares of HOOD for 12.00 per share on Feb 12. After the transaction, the Chief Financial Officer now owns 916,267 company shares. In a previous transaction on Feb 05, Tenev Vladimir sold 250,000 shares at 10.61 per share. HOOD shares that Chief Executive Officer owns now total 0.

Among the insiders who sold shares, Gallagher Daniel Martin Jr disposed of 12,500 shares on Feb 05 at a per-share price of $10.61. This resulted in the Chief Legal Officer holding 738,291 shares of HOOD after the transaction. In another insider transaction, Bhatt Baiju sold 21,587 shares at $10.82 per share on Feb 02. Company shares held by the Chief Creative Officer now total 36,045.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for HOOD in the last 3 months, the mean price target is $14.00 with high estimates of $25.00 and low estimates of $11.00. In terms of 52-week highs and lows, HOOD has a high of $14.35 and a low of $7.91.

As of this writing, HOOD has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.01. The company reported an EPS of -$0.09 in the last quarter, which was 10.00% higher than expectations of -$0.1.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. HOOD’s latest balance sheet shows that the firm has $8.09B in Cash & Short Term Investments as of fiscal 2021. There were $3.65B in debt and $12.35B in liabilities at the time. Its Book Value Per Share was $7.50, while its Total Shareholder’s Equity was $7.29B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.07.

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