Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $79.09, but opened at $83.55. Robinhood Markets shares last traded at $85.0880, with a volume of 18,152,910 shares trading hands.
More Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: SEC removes the $25,000 pattern-day trader minimum, which directly expands accessible day‑trading for retail clients and benefits commission-free platforms like Robinhood. Robinhood, Webull Stocks Rally on SEC Restriction Lift
- Positive Sentiment: Bitcoin and broader crypto strength (BTC topping ~$76k) is reviving retail crypto volume — a high‑margin revenue stream for Robinhood — supporting trading activity and sentiment. Robinhood (HOOD) Surges 10% as Bitcoin Tops $76,000 and Trading Activity Rebounds
- Positive Sentiment: Sanford C. Bernstein reaffirmed an “Outperform” rating with a $130 price target, adding an authoritative buy-side narrative that can attract momentum buyers. Bernstein maintains $130 target
- Positive Sentiment: Recent commentary highlights Robinhood’s growth in funded accounts, crypto notional volume, and a board-authorized $1.5B buyback — all supportive signals for shares and liquidity. QuiverQuant analysis on crypto lift and buyback
- Positive Sentiment: Robinhood selected Pinwheel for direct‑deposit switching for Robinhood Banking, a product partnership that can help accelerate deposit flows and customer stickiness. Pinwheel Helping Power Robinhood Banking Deposits
- Neutral Sentiment: Truist trimmed its price target from $120 to $100 but kept a “Buy” stance — a modestly mixed signal that still leaves consensus targets above current levels. Truist lowers target to $100
- Negative Sentiment: Robinhood restricted some prediction‑market contracts amid manipulation/insider‑trading concerns, which could reduce activity/revenue in that fast‑growing product line and raises compliance risk. Robinhood excludes some prediction markets amid manipulation concerns
- Negative Sentiment: Reports show heavy insider selling and sizable institutional rebalances (some large firms trimming HOOD), which can cap upside and create downward pressure if sustained. QuiverQuant insider & institutional activity
Analysts Set New Price Targets
HOOD has been the topic of a number of research reports. New Street Research set a $122.00 price target on Robinhood Markets in a research report on Thursday, March 5th. Zacks Research downgraded Robinhood Markets from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Truist Financial lowered their price target on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday. Citizens Jmp lowered their price target on Robinhood Markets from $180.00 to $155.00 and set a “market outperform” rating on the stock in a research report on Friday, April 10th. Finally, Morgan Stanley lowered their price target on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.42.
Robinhood Markets Price Performance
The stock has a 50 day moving average price of $74.74 and a 200-day moving average price of $107.14. The stock has a market capitalization of $77.74 billion, a P/E ratio of 41.89, a PEG ratio of 2.02 and a beta of 2.46.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. Research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $69.85, for a total transaction of $698,500.00. Following the transaction, the insider directly owned 442,849 shares of the company’s stock, valued at approximately $30,933,002.65. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $107.48, for a total value of $630,262.72. Following the completion of the sale, the chief technology officer directly owned 9,133 shares in the company, valued at $981,614.84. The trade was a 39.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 469,239 shares of company stock valued at $34,161,725 over the last three months. 19.95% of the stock is owned by corporate insiders.
Institutional Trading of Robinhood Markets
Several large investors have recently modified their holdings of the business. North Star Investment Management Corp. grew its stake in shares of Robinhood Markets by 44.9% in the third quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock worth $37,000 after purchasing an additional 79 shares during the last quarter. First Command Advisory Services Inc. grew its stake in shares of Robinhood Markets by 33.8% in the third quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 81 shares during the last quarter. CogentBlue Wealth Advisors LLC grew its stake in shares of Robinhood Markets by 3.8% in the third quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after purchasing an additional 87 shares during the last quarter. Evolution Wealth Advisors LLC grew its stake in shares of Robinhood Markets by 5.2% in the fourth quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after purchasing an additional 95 shares during the last quarter. Finally, ORG Partners LLC grew its stake in shares of Robinhood Markets by 5.5% in the third quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock worth $269,000 after purchasing an additional 97 shares during the last quarter. 93.27% of the stock is owned by institutional investors.
Robinhood Markets Company Profile
Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.
Robinhood’s core products and services include a mobile app and web platform for trading U.S.
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