Robinhood Markets Inc. (NASDAQ:HOOD) trade information

Upright in the green during last session for gaining 0.95%, in the last five days HOOD remained trading in the red while hitting it’s week-highest on Tuesday, 09/12/23 when the stock touched $10.67 price level, adding 3.09% to its value on the day. Robinhood Markets Inc.’s shares saw a change of 31.08% in year-to-date performance and have moved -0.65% in past 5-day. Robinhood Markets Inc. (NASDAQ:HOOD) showed a performance of 4.71% in past 30-days. Number of shares sold short was 20.88 million shares which calculate 2.28 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $12.94 to the stock, which implies a rise of 17.54% to its current value. Analysts have been projecting $9.00 as a low price target for the stock while placing it at a high target of $25.00. It follows that stock’s current price would drop -134.3% in reaching the projected high whereas dropping to the targeted low would mean a gain of 15.65% for stock’s current value.

Robinhood Markets Inc. (HOOD) estimates and forecasts

Statistics highlight that Robinhood Markets Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 14.61% of value to its shares in past 6 months, showing an annual growth rate of 57.26% while that of industry is 3.90. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 100.00% in the current quarter and calculating 110.50% increase in the next quarter. This year revenue growth is estimated to rise 39.80% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $477.02 million for the same. And 6 analysts are in estimates of company making revenue of $503.44 million in the next quarter that will end on Dec 2023. Company posted $355.27 million and $380 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 34.30% while estimating it to be 32.50% for the next quarter.

HOOD Dividends

Robinhood Markets Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Robinhood Markets Inc. (NASDAQ:HOOD)’s Major holders

Insiders are in possession of 7.92% of company’s total shares while institution are holding 72.08 percent of that, with stock having share float percentage of 78.28%. Investors also watch the number of corporate investors in a company very closely, which is 72.08% institutions for Robinhood Markets Inc. that are currently holding shares of the company. Galileo (ptc) Ltd is the top institutional holder at HOOD for having 58.06 million shares of worth $579.47 million. And as of Jun 29, 2023, it was holding 7.40% of the company’s outstanding shares.

The second largest institutional holder is Index Venture Associates VI Ltd, which was holding about 57.9 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.38% of outstanding shares, having a total worth of $577.84 million.

On the other hand, ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 20.53 million shares of worth $223.55 million or 2.62% of the total outstanding shares. The later fund manager was in possession of 19.62 million shares on Jun 29, 2023, making its stake of worth around $195.79 million in the company or a holder of 2.50% of company’s stock.