Robinhood Markets stock is trading -30.74% below its average target price of $58.82 after dropping -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 $36.0 to $105.0 per share.
The stock has an average amount of shares sold short at 3.1%, and a short ratio of 0.47. The company's insiders own 1.21% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 73.5% of Robinhood Markets's shares being owned by this investor type.
Institutions Invested in Robinhood Markets
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 9% | 68,366,379 | $2,785,246,395 |
| 2024-12-31 | FMR, LLC | 5% | 40,237,478 | $1,639,274,921 |
| 2024-12-31 | Blackrock Inc. | 5% | 38,139,665 | $1,553,810,016 |
| 2024-12-31 | JPMORGAN CHASE & CO | 3% | 24,459,008 | $996,460,026 |
| 2024-12-31 | Newlands Management Operations LLC | 3% | 24,158,860 | $984,231,996 |
| 2024-12-31 | Sumitomo Mitsui Trust Holdings, Inc. | 2% | 17,521,429 | $713,823,046 |
| 2024-12-31 | Nikko Asset Management Americas, Inc. | 2% | 16,513,608 | $672,764,417 |
| 2024-12-31 | Index Venture Associates VI Ltd | 2% | 14,467,898 | $589,422,188 |
| 2024-12-31 | State Street Corporation | 2% | 13,604,571 | $554,250,245 |
| 2024-12-31 | ARK Investment Management, LLC | 2% | 12,907,172 | $525,838,208 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Robinhood Markets.
