# The Memes: 'HOOD' Reviews are In

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Last modified: 2021-08-23

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By Paul Ebeling · 2021-08-23
Tags: Shayne Heffernan on Investments, Paul Ebeling, meme
Signed: no (published before platform launch).
Nothing in this article is investment advice.

[#meme](https://www.livetradingnews.com/tag/meme)[#stocks](https://www.livetradingnews.com/tag/stocks)

$HOOD

Robinhood Markets Inc. ([NASDAQ:HOOD](NASDAQ:HOOD))  exiting its quiet period Monday is is being closely watched. 

Before markets opened, at least 10 brokerages had issued initial ratings for the investment app maker, joining 3 others that had stated out positions.

A review of the share price action since the company’s 29 July IPO may be instructive. 

The stock added more than $2 early on the IPO date but closed down almost 8.4% after setting what is still its post-IPO low. 

Then 4 days later, the stock posted its post-IPO high. The next day, the shares dropped by 27.6%, and after bouncing around in a range of around plus or minus 6, the stock closed at 42.64 Friday, up 12.2% from the IPO price. And is currently tradin at 45/share + 5.44% on the day.

Of the 13 ratings so far, only 1 rating is Underperform, 5 are the equivalent of Hold and 8 including us rate the stock as a Buy. There are no Strong Buy ratings yet.

Our 1yr target price is 57-60/share/

Have a prosperous weekend, Keep the Faith!

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