Shares of Robinhood Markets rose to $29.7 during today's afternoon trading session. Despite the 19.0% change, the Large-Cap Capital Markets company still trades 11.93% above its average analyst target price of $26.53. So there may be further downside for the Capital Markets stock. Robinhood Markets has target prices ranging from $20.0 to $33.0 per share, and its average rating is buy.
The stock has an average amount of shares sold short at 3.2%, and a short ratio of 1.64. The company's insiders own 0.79% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 80.5% of Robinhood Markets's shares being owned by this investor type.
Institutions Invested in Robinhood Markets
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 8% | 60,416,691 | $1,794,073,620 |
| 2024-06-30 | Ribbit Management Company, LLC | 5% | 36,207,083 | $1,075,169,318 |
| 2024-06-30 | Index Venture Associates VI Ltd | 5% | 36,169,800 | $1,074,062,199 |
| 2024-06-30 | Blackrock Inc. | 4% | 33,187,801 | $985,511,740 |
| 2024-06-30 | Galileo (ptc) Ltd | 4% | 28,177,680 | $836,736,199 |
| 2024-09-30 | Sumitomo Mitsui Trust Holdings, Inc. | 3% | 22,982,275 | $682,458,649 |
| 2024-06-30 | Nikko Asset Management Americas, Inc. | 3% | 22,761,264 | $675,895,727 |
| 2024-06-30 | Newlands Management Operations LLC | 3% | 21,055,000 | $625,228,218 |
| 2024-06-30 | Thrive Capital Management, LLC | 3% | 20,410,961 | $606,103,480 |
| 2024-06-30 | Ah Capital Management, L.L.C. | 2% | 18,954,860 | $562,864,561 |
Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on Robinhood Markets.
