Robinhood Markets (NASDAQ:HOOD – Get Free Report) had its target price increased by equities research analysts at KeyCorp from $100.00 to $125.00 in a research report issued on Wednesday, MarketBeat.com reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 17.53% from the stock’s previous close.
A number of other equities research analysts also recently commented on HOOD. Morgan Stanley upped their price objective on Robinhood Markets from $95.00 to $124.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $155.00 price target on shares of Robinhood Markets in a research note on Thursday, May 28th. Barclays lifted their price objective on shares of Robinhood Markets from $82.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. BTIG Research reiterated a “buy” rating and issued a $125.00 target price on shares of Robinhood Markets in a report on Thursday, July 2nd. Finally, Zacks Research upgraded Robinhood Markets from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.22.
Robinhood Markets Price Performance
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. Sell-side analysts expect that Robinhood Markets will post 1.86 EPS for the current fiscal year.
Insider Buying and Selling at Robinhood Markets
In other news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $116.17, for a total value of $43,563,750.00. Following the sale, the chief executive officer directly owned 375,000 shares in the company, valued at $43,563,750. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Johnson Treseder sold 3,750 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $117.50, for a total value of $440,625.00. Following the transaction, the director owned 72,442 shares of the company’s stock, valued at approximately $8,511,935. The trade was a 4.92% 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. Over the last quarter, insiders acquired 680,000 shares of company stock valued at $55,306,560 and sold 587,875 shares valued at $62,602,915. Insiders own 13.48% of the company’s stock.
Institutional Trading of Robinhood Markets
A number of hedge funds and other institutional investors have recently made changes to their positions in HOOD. Sound Income Strategies LLC increased its stake in Robinhood Markets by 152.6% in the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after buying an additional 145 shares during the last quarter. CYBER HORNET ETFs LLC boosted its stake in shares of Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after buying an additional 190 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Robinhood Markets in the 4th quarter valued at about $27,000. MV Capital Management Inc. acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at about $27,000. Finally, Swiss RE Ltd. bought a new stake in Robinhood Markets during the fourth quarter worth about $27,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Sanford C. Bernstein lifted its price target on Robinhood and reiterated an outperform stance, saying prediction markets could become a major business and eventually outgrow crypto. Robinhood Markets (NASDAQ:HOOD) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says
- Positive Sentiment: Needham also raised its target on HOOD and maintained a buy rating, adding to the bullish analyst momentum around the stock. Read More
- Positive Sentiment: Robinhood’s prediction market strategy is drawing attention as analysts argue it could become a meaningful revenue driver, helping diversify the company beyond trading and crypto. Robinhood Prediction Market Revenue to Top Crypto, Analysts Say
- Positive Sentiment: Momentum in Robinhood Chain and related crypto activity is reinforcing investor interest in the company’s expanding digital-asset ecosystem. Robinhood’s $450M crypto bet: Inside Robinhood Chain’s rapid rise
- Neutral Sentiment: Coverage of Robinhood’s revamped premium card highlights its push to attract higher-end users, but this is more of a longer-term product story than an immediate earnings catalyst. How Robinhood’s Revamped Premium Card Compares to Rival Offerings
- Neutral Sentiment: Recent commentary from Robinhood’s crypto executive about stablecoin and CLARITY Act legislation may matter for future regulation, but it does not appear to be a direct near-term stock driver. Why the CLARITY Act is so important for stablecoin customers & issuers
- Negative Sentiment: Some traders are positioning for weaker results into Robinhood’s upcoming earnings report, reflecting lingering caution ahead of the July 29 release. This Trade Can Work If Robinhood Turns Lower With Earnings On Deck
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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