UPDATE: Barclays Starts Robinhood Markets (HOOD) at Equalweight Citing 'our lack of confidence in the projections and regulatory uncertainty'

Street Starts Robinhood (HOOD) Coverage With Mixed Views, Concerns Centered Around Payment for Order Flow and Unsustainable Retail Trading Levels

At least 11 Wall Street firms have initiated their coverage of Robinhood (NASDAQ: HOOD) today. Seven analysts started with a Buy or equivalent rating while four firms, namely Wolfe, Barclays, Goldman Sachs, and Piper Sandler, opted to stay on the sidelines.

HOOD shares made a public debut on July 29, when they closed over 8% lower before a big rally was staged that yielded a record high of $84.98. Shares were likely pushed higher by the Reddit crew as this rally quickly faded.

Goldman Sachs analyst Will Nance started with a Neutral rating and a $56.00 per share... More

UPDATE: Goldman Sachs Starts Robinhood Markets (HOOD) at Neutral Citing 'near-term uncertainty around the sustainability of retail trading levels'

(Updated - August 23, 2021 4:48 AM EDT)

Goldman Sachs analyst Will Nance initiates coverage on Robinhood Markets (NASDAQ: HOOD) with a Neutral rating and a price target of $56.00.

The analyst comments "We initiate coverage of Robinhood Markets (HOOD) with a Neutral rating and a $56 price target. Robinhood is an online broker-dealer that is rapidly amassing... More

UPDATE: JMP Securities Starts Robinhood Markets (HOOD) at Market Outperform, 'Driving Next Generation of Financial Services for All'

(Updated - August 23, 2021 4:33 AM EDT)

JMP Securities analyst Devin Ryan initiates coverage on Robinhood Markets (NASDAQ: HOOD) with a Market Outperform rating and a price target of $58.00.

The analyst comments "We initiate coverage on Robinhood Markets with a Market Outperform rating and... More

UPDATE: KeyBanc Starts Robinhood Markets (HOOD) at Overweight, 'we believe Robinhood is poised to become a FinApp leader'

(Updated - August 23, 2021 4:55 AM EDT)

KeyBanc analyst Josh Beck initiates coverage on Robinhood Markets (NASDAQ: HOOD) with a Overweight rating and a price target of $55.00.

The analyst comments "Robinhood is democratizing investing for an emerging generation en route to establishing a more fully-fledged FinApp... More

UPDATE: JPMorgan Starts Robinhood Markets (HOOD) at Underweight, 'Growth Outlook Has Challenges'

(Updated - August 23, 2021 4:37 AM EDT)

JPMorgan analyst Kenneth B. Worthington initiates coverage on Robinhood Markets (NASDAQ: HOOD) with a Underweight rating and a price target of $35.00.

The analyst comments "We are launching coverage of Robinhood with an Underweight rating and 12/2022 price target of $35. We see investor enthusiasm on the growth prospects reflected in a rich valuation. While the founders have... More

Piper Sandler Starts Robinhood Markets (HOOD) at Neutral

Piper Sandler analyst Richard Repetto initiates coverage on Robinhood Markets (NASDAQ: HOOD) with a Neutral rating and a price target of $47.00.

For an analyst ratings summary and ratings history on Robinhood Markets click here. For more ratings news on Robinhood Markets click here.

Shares of Robinhood Markets closed at $42.64 yesterday.

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Pre-Open Stock Movers 08/19: (BIOC) (INOV) (M) (CHRS) Higher, (PMCB) (ILMN) (HOOD) Lower (more...)

Biocept (NASDAQ: BIOC) +22%; today announced that new data show the companys cerebrospinal fluid assay, CNSide, detected tumor cells and identified actionable mutations in lung cancer patients with leptomeningeal carcinomatosis, allowing for targeted treatment decisions that may improve outcomes and extend life expectancy. The study will be presented as a poster at the Third Annual Conference on Brain Metastases hosted by the Society for Neuro-Oncology (SNO), being held virtually Aug. 19-20, 2021.

Inovalon (NASDAQ: INOV)... More

'Ghost town' fears send Robinhood sliding as trading frenzy fizzles

By Sruthi Shankar and Medha Singh

(Reuters) - Shares of Robinhood Markets Inc fell 9% on Thursday as the fee-free broker's warning about a slowdown in trading raised concerns about its reliance on a pack of small-time investors to sustain a frenzy in stocks, options and cryptocurrencies.

In its first results as a public company on Wednesday, Robinhood said the crypto trading mania this year helped double its second-quarter revenue, but also warned it expected retail investors who trade on its popular app to take a breather in the third quarter.

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VIX Futures Premium: 0.5%

VIX Futures Premium: 0.5%. Combined volume weighted VIX Futures premium for first and second months.