In today’s recent session, 3.97 million shares of the Robinhood Markets Inc. (NASDAQ:HOOD) were traded. Most recently the company’s share price was $7.60, and it changed around $0.05 or 0.66% from the last close, which brings the market valuation of the company to $6.31B. HOOD at last check was trading at a discount to its 52-week high of $85.00, offering almost -1018.42% off that amount. The share price’s 52-week low was $6.81, which indicates that the recent value has risen by an impressive 10.39% since then. We note from Robinhood Markets Inc.’s average daily trading volume that its 3-month average coming to 20.93 million.
Robinhood Markets Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 2.70. If we narrow it down even further, the data shows that 2 out of 15 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 6 recommended HOOD as a Hold, whereas 5 deemed it a Buy, and 2 rated it as Underweight. Robinhood Markets Inc. is expected to report earnings per share of -$0.36 for the current quarter.
Robinhood Markets Inc. (NASDAQ:HOOD) trade information
Instantly HOOD has been showing a green trend so far today with a performance of 0.66% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.02 on Tuesday, 06/21/22 increased the stock’s daily price by 5.24%. The company’s shares are currently down -57.49% year-to-date, but still up 4.43% over the last five days. On the other hand, Robinhood Markets Inc. (NASDAQ:HOOD) is -26.05% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $12.46, which translates to bulls needing to increase their stock price by 39.0% from its current value. Analyst projections state that HOOD is forecast to be at a low of $5.00 and a high of $36.00. In order for the stock price to hit the forecast high, the stock would need to plunge -373.68% from its current level, while the stock would need to crash 34.21% from its current level to reach the projected low.
Robinhood Markets Inc. (HOOD) estimates and forecasts
Robinhood Markets Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -60.47 percent over the past six months and at a 82.11% annual growth rate that is well above the industry average of -3.00%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 83.30% in revenue this quarter, and will report an increase of 84.00% in the next quarter. The year-over-year growth rate is expected to be -16.10%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $353.29 million in revenue for the current quarter. 8 analysts expect Robinhood Markets Inc. to make $402.01 million in revenue for the quarter ending Sep 2022. Analysts predict that the company’s current quarter sales will drop, forecast at -32.30%.
Robinhood Markets Inc.’s next quarterly earnings report is expected to be released on October 26.
Robinhood Markets Inc. (NASDAQ:HOOD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.61% of Robinhood Markets Inc. shares, and 72.71% of them are in the hands of institutional investors. The stock currently has a share float of 73.15%. Robinhood Markets Inc. stock is held by 373 institutions, with Index Venture Associates VI Ltd being the largest institutional investor. By Dec 30, 2021, it held 9.72% of the shares, which is about 72.34 million shares worth $1.28 billion.
NEA Management Company, LLC, with 9.61% or 71.47 million shares worth $1.27 billion as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
ARK ETF Tr-ARK Innovation ETF and ARK ETF Tr-ARK Fintech Innovation ETF were the top two Mutual Funds as of Feb 27, 2022. The former held 18.09 million shares worth $217.28 million, making up 2.43% of all outstanding shares. On the other hand, ARK ETF Tr-ARK Fintech Innovation ETF held roughly 4.8 million shares worth around $57.59 million, which represents about 0.64% of the total shares outstanding.