Robinhood Markets stock is trading -21.54% below its average target price of $23.63 after marking a 3.5% during today's morning session. Analysts are giving the Large-Cap Capital Markets company an average rating of buy and target prices ranging from $17.0 to $32.0 per share.
Robinhood Markets's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.8%. The stock's short ratio is 2.83. The company's insiders own 0.83% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 77.8%. In conclusion, we believe there is mixed market sentiment regarding Robinhood Markets.
Institutions Invested in Robinhood Markets
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 7% | 56,828,633 | $1,053,602,907 |
| 2024-03-31 | Index Venture Associates VI Ltd | 6% | 43,403,780 | $804,706,120 |
| 2024-03-31 | Galileo (ptc) Ltd | 5% | 40,941,286 | $759,051,479 |
| 2024-03-31 | Ribbit Management Company, LLC | 5% | 36,201,115 | $671,168,705 |
| 2024-03-31 | Blackrock Inc. | 4% | 29,559,730 | $548,037,421 |
| 2024-06-30 | Sumitomo Mitsui Trust Holdings, Inc. | 3% | 23,809,323 | $441,424,870 |
| 2024-06-30 | Nikko Asset Management Americas, Inc. | 3% | 22,761,264 | $421,993,855 |
| 2024-03-31 | Newlands Management Operations LLC | 3% | 21,055,000 | $390,359,719 |
| 2024-03-31 | Thrive Capital Management, LLC | 3% | 20,410,961 | $378,419,235 |
| 2024-06-30 | ARK Investment Management, LLC | 3% | 19,152,548 | $355,088,257 |
