Share Price Update After Robinhood Markets (HOOD) Reports

HOOD investors were likely spooked this afternoon by Barrons's report: "U.S. Moves to Seize Robinhood Shares and Silvergate Accounts Tied to FTX: Report ..." For more coverage, read the full article here. On the back of this news, Robinhood Markets sank -2.6% to a price of $8.14. Are the markets overreacting?

Robinhood Markets, Inc. operates financial services platform in the United States. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, Robinhood Markets has a trailing 12 month P/E ratio of -2.0 and a P/B ratio of 1.0.

Robinhood Markets has moved -46.3% over the last year compared to -18.0% for the S&P 500 -- a difference of -28.4%. Robinhood Markets has a 52 week high of $17.21 and a 52 week low of $6.81. At today's price of $8.14 per share, Robinhood Markets is -33.98% away from its target price of $12.33, and on average, analysts give the stock a rating of hold. 7.2% of the company's shares are linked to short positions, and 67.8% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.