Shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) were up 3.8% during mid-day trading on Thursday . The stock traded as high as $120.05 and last traded at $112.73. Approximately 41,070,691 shares were traded during trading, an increase of 35% from the average session volume of 30,505,893 shares. The stock had previously closed at $108.65.
Robinhood Markets News Summary
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood launched Robinhood Chain, a public blockchain designed for tokenized assets and real-world asset trading, expanding its crypto and onchain offerings. Robinhood Launches Blockchain Designed for Real-World Assets
- Positive Sentiment: Mizuho boosted its outlook on Robinhood, raising its price target to $130 and highlighting upside from the company’s platform expansion. Robinhood stock to soar as it becomes ‘the first hyperscaler of online brokerages’
- Positive Sentiment: BTIG reaffirmed a Buy rating and set a $125 price target, reinforcing bullish expectations for further gains. Benzinga coverage of BTIG rating
- Positive Sentiment: Robinhood unveiled new AI-powered crypto tools, expanded perpetual futures in Europe, and outlined international expansion into markets such as Canada, Singapore, and the U.K. Robinhood stock jumps on AI crypto tools and global expansion plans
- Positive Sentiment: Unusually heavy call buying suggests traders are positioning for further upside in HOOD. Robinhood CEO Pushes UK to Adopt US-Style Retail Stock Tactics
- Neutral Sentiment: Robinhood said it will report second-quarter 2026 results on July 29, an upcoming event that could become a new catalyst if earnings or guidance surprise. Robinhood Markets, Inc. to Announce Second Quarter 2026 Results on July 29, 2026
Analyst Ratings Changes
HOOD has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Needham & Company LLC lifted their target price on Robinhood Markets from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Sanford C. Bernstein restated an “outperform” rating and issued a $130.00 target price on shares of Robinhood Markets in a research note on Tuesday, April 14th. Mizuho upped their price target on Robinhood Markets from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, June 24th. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.00.
Robinhood Markets Price Performance
The stock has a market capitalization of $101.51 billion, a P/E ratio of 54.46, a PEG ratio of 2.36 and a beta of 2.33. The stock’s 50-day simple moving average is $86.69 and its 200 day simple moving average is $89.49.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. As a group, analysts expect that Robinhood Markets, Inc. will post 1.81 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $76.89, for a total transaction of $768,900.00. Following the transaction, the insider directly owned 432,849 shares of the company’s stock, valued at approximately $33,281,759.61. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, Director Meyer Malka purchased 250,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was bought 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 owned 3,924,427 shares of the company’s stock, valued at $316,858,235.98. This trade represents a 6.80% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 680,000 shares of company stock worth $55,306,560 and have sold 633,484 shares worth $47,542,923. 14.47% of the stock is currently owned by corporate insiders.
Institutional Trading of Robinhood Markets
Large investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in Robinhood Markets by 32.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,184 shares of the company’s stock worth $219,000 after purchasing an additional 533 shares during the last quarter. Hilltop National Bank increased its stake in shares of Robinhood Markets by 98.5% in the 2nd quarter. Hilltop National Bank now owns 2,158 shares of the company’s stock valued at $216,000 after purchasing an additional 1,071 shares during the last quarter. CX Institutional increased its stake in shares of Robinhood Markets by 82.7% in the 2nd quarter. CX Institutional now owns 6,319 shares of the company’s stock valued at $634,000 after purchasing an additional 2,861 shares during the last quarter. Militia Capital Management LLC acquired a new position in shares of Robinhood Markets during the 1st quarter worth $1,641,000. Finally, Rathbones Group PLC raised its holdings in shares of Robinhood Markets by 3.3% during the 1st quarter. Rathbones Group PLC now owns 5,129 shares of the company’s stock worth $355,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
About Robinhood Markets
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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