Uncovering Institutional Buying In Robinhood Markets Inc (NASDAQ: HOOD)

Currently, there are 745.40M common shares owned by the public and among those 550.50M shares have been available to trade.

The company’s stock has a 5-day price change of 0.22% and 3.58% over the past three months. HOOD shares are trading 40.66% year to date (YTD), with the 12-month market performance up to 65.93% higher. It has a 12-month low price of $7.91 and touched a high of $24.88 over the same period. HOOD has an average intraday trading volume of 19.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -14.69%, -17.64%, and 13.00% respectively.

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Institutional ownership of Robinhood Markets Inc (NASDAQ: HOOD) shares accounts for 45.64% of the company’s 745.40M shares outstanding.

It has a market capitalization of $15.73B and a beta (3y monthly) value of 1.86. The stock’s trailing 12-month PE ratio is 54.94, while the earnings-per-share (ttm) stands at $0.33. The company has a debt-to-equity ratio at 1.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.95% over the week and 6.22% over the month.

Earnings per share for the fiscal year are expected to increase by 206.87%, and -1.67% over the next financial year.

Looking at the support for the HOOD, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on August 05, 2024, with the firm’s price target at $18. Wolfe Research coverage for the Robinhood Markets Inc (HOOD) stock in a research note released on June 26, 2024 offered a Outperform rating with a price target of $29. BofA Securities was of a view on May 17, 2024 that the stock is Buy, while Citigroup gave the stock Sell rating on April 11, 2024, issuing a price target of $13- $16. Keefe Bruyette on their part issued Mkt Perform rating on April 03, 2024.

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