Robinhood Markets Inc (NASDAQ:HOOD) Drops -5.35%, But Further Rally Could Be Imminent

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In last trading session, Robinhood Markets Inc (NASDAQ:HOOD) saw 36.16 million shares changing hands with its beta currently measuring 2.15. Company’s recent per share price level of $56.06 trading at -$3.17 or -5.35% at ring of the bell on the day assigns it a market valuation of $49.76B. That closing price of HOOD’s stock is at a discount of -19.35% from its 52-week high price of $66.91 and is indicating a premium of 76.11% from its 52-week low price of $13.39.

For Robinhood Markets Inc (HOOD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.85. Splitting up the data highlights that, out of 18 analysts covering the stock, 5 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.44 in the current quarter.

Robinhood Markets Inc (NASDAQ:HOOD) trade information

Upright in the red during last session for losing -5.35%, in the last five days HOOD remained trading in the green while hitting it’s week-highest on Thursday, 02/13/25 when the stock touched $56.06 price level, adding 16.22% to its value on the day. Robinhood Markets Inc’s shares saw a change of 50.46% in year-to-date performance and have moved 0.27% in past 5-day. Robinhood Markets Inc (NASDAQ:HOOD) showed a performance of 12.12% in past 30-days.

Wall Street analysts have assigned a consensus price target of 54 to the stock, which implies a fall of -3.81% to its current value. Analysts have been projecting 40 as a low price target for the stock while placing it at a high target of 60. It follows that stock’s current price would jump 28.65% in reaching the projected high whereas dropping to the targeted low would mean a gain of 28.65% for stock’s current value.

Robinhood Markets Inc (HOOD) estimates and forecasts

This year revenue growth is estimated to rise 25.87% from the last financial year’s standing.

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 925M for the same. And 10 analysts are in estimates of company making revenue of 931.27M in the next quarter. Company posted 618M and 682M of sales in current and next quarters respectively a year earlier.

In 2025, company’s earnings growth rate is likely to be around -5.22% while estimates for its earnings growth in next 5 years are of 6.06%.

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

VANGUARD GROUP INC is the top institutional holder at HOOD for having 60.42 million shares of worth $1.37 billion. And as of 2024-06-30, it was holding 6.9022 of the company’s outstanding shares.

The second largest institutional holder is RIBBIT MANAGEMENT COMPANY, LLC, which was holding about 36.21 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.1094 of outstanding shares, having a total worth of $822.28 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 23.01 shares of worth $1.29 billion or 3.01% of the total outstanding shares. The later fund manager was in possession of 18.14 shares on Sep 30, 2024 , making its stake of worth around $1.02 billion in the company or a holder of 2.38% of company’s stock.