Shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) shot up 3.1% during mid-day trading on Wednesday after an insider bought additional shares in the company. The company traded as high as $91.46 and last traded at $86.36. 41,295,902 shares traded hands during trading, an increase of 38% from the average session volume of 29,855,027 shares. The stock had previously closed at $83.77.
Specifically, Director Meyer Malka acquired 250,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $80.74 per share, with a total value of $20,185,000.00. Following the completion of the purchase, the director directly owned 3,924,427 shares of the company’s stock, valued at approximately $316,858,235.98. The trade was a 6.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Analyst Ratings Changes
HOOD has been the topic of several analyst reports. Mizuho upped their target price on shares of Robinhood Markets from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Wall Street Zen downgraded shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Needham & Company LLC dropped their target price on shares of Robinhood Markets from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group dropped their target price on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research note on Friday, March 27th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.18.
Key Stories Impacting Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood said its securities business has been approved to act as an IPO underwriter, opening the door to higher-fee investment banking revenue and a bigger role in capital markets. Robinhood CEO Says His Company Gets Green Light to Underwrite IPOs
- Positive Sentiment: Wall Street commentary has turned more constructive, with Goldman Sachs and Cantor Fitzgerald lifting price targets as analysts pointed to strong operating momentum and growing optimism around Robinhood’s prediction-markets business. Why is HOOD stock surging today?
- Positive Sentiment: Robinhood’s push to bring prediction-market trading in-house through Rothera could improve economics, pricing control, and product rollout speed, supporting the bull case for new growth. Robinhood’s Prediction Market Push: Why Rothera Matters
- Positive Sentiment: Director Meyer Malka bought 250,000 shares worth about $20.2 million, a strong insider-confidence signal that investors often view favorably. Meyer Malka Purchases 250,000 Shares of Robinhood Markets (NASDAQ:HOOD) Stock
- Positive Sentiment: Robinhood also reported May 2026 operating data, keeping attention on monthly usage trends and business momentum. Robinhood Markets, Inc. Reports May 2026 Operating Data
Robinhood Markets Stock Up 3.1%
The stock’s 50 day moving average price is $78.74 and its 200-day moving average price is $92.42. The stock has a market capitalization of $77.74 billion, a PE ratio of 41.71, a PEG ratio of 2.53 and a beta of 2.35.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. On average, analysts forecast that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.
Hedge Funds Weigh In On Robinhood Markets
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Evolution Wealth Advisors LLC boosted its position in shares of Robinhood Markets by 5.2% during the fourth quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after acquiring an additional 95 shares during the last quarter. CogentBlue Wealth Advisors LLC boosted its position in shares of Robinhood Markets by 4.1% during the fourth quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock worth $282,000 after acquiring an additional 98 shares during the last quarter. Vision Financial Markets LLC boosted its position in shares of Robinhood Markets by 100.0% during the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Kovack Advisors Inc. boosted its position in shares of Robinhood Markets by 2.5% during the third quarter. Kovack Advisors Inc. now owns 4,121 shares of the company’s stock worth $590,000 after acquiring an additional 100 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its position in shares of Robinhood Markets by 11.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock worth $109,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.
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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