Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) shares fell 3.8% on Friday . The stock traded as low as $95.44 and last traded at $95.56. Approximately 13,548,572 shares were traded during trading, a decline of 52% from the average daily volume of 28,330,584 shares. The stock had previously closed at $99.37.
Robinhood Markets News Summary
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood Ventures Fund II began trading. The fund raised $225.5 million through an offering of 8 million shares priced at $25 each, providing retail investors with exposure to early- and growth-stage private companies, including startups associated with Y Combinator. The launch strengthens Robinhood’s product expansion beyond traditional stocks, options and crypto trading. Robinhood’s second venture fund debuts, drawing retail money into private markets
- Positive Sentiment: Robinhood plans to accelerate new fund launches. Management has reduced the time from fund creation to public debut to roughly six months and intends to introduce publicly traded closed-end funds more frequently. Faster launches could create additional fee revenue and deepen Robinhood’s private-market platform. Robinhood Plans to Speed Up Debuts for Publicly Traded Funds
- Neutral Sentiment: July operating data showed continued year-over-year growth but weaker monthly activity. Equity average daily volume reportedly fell 19% from June while increasing 56% from the prior year, suggesting strong longer-term momentum but possible near-term moderation in transaction-driven revenue. Robinhood Markets equity ADV in July falls 19% M/M, jumps 56% Y/Y
- Negative Sentiment: RVII opened below its offering price. Robinhood Ventures Fund II reportedly opened at $22.50 after being priced at $25, a sign of subdued initial demand that could raise questions about investor appetite for additional private-market funds. Robinhood Raises $225.5 Million to Put Retail Money Into Startups
Analyst Upgrades and Downgrades
HOOD has been the topic of several research analyst reports. Mizuho lifted their target price on Robinhood Markets from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Needham & Company LLC decreased their price target on shares of Robinhood Markets from $123.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, July 30th. The Goldman Sachs Group lowered their price objective on shares of Robinhood Markets from $137.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, Argus lifted their target price on shares of Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.52.
Robinhood Markets Trading Down 3.8%
The company has a fifty day moving average of $99.83 and a two-hundred day moving average of $86.37. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $85.92 billion, a price-to-earnings ratio of 42.10, a price-to-earnings-growth ratio of 1.86 and a beta of 2.35.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The company’s revenue was up 32.5% on a year-over-year basis. On average, research analysts expect that Robinhood Markets, Inc. will post 2.02 EPS for the current year.
Insider Buying and Selling at Robinhood Markets
In other news, Director Meyer Malka acquired 250,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $80.74 per share, with a total value of $20,185,000.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the sale, the chief executive officer owned 375,000 shares in the company, valued at approximately $43,563,750. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have acquired 680,000 shares of company stock worth $55,306,560 and have sold 625,827 shares worth $66,508,628. 13.48% of the stock is currently owned by company insiders.
Institutional Trading of Robinhood Markets
Large investors have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new stake in shares of Robinhood Markets during the second quarter worth $27,000. Ninepoint Partners LP acquired a new position in Robinhood Markets during the second quarter worth $1,080,000. Monetta Financial Services Inc. bought a new stake in shares of Robinhood Markets during the 2nd quarter worth approximately $2,778,000. Commerzbank Aktiengesellschaft FI bought a new position in Robinhood Markets during the second quarter worth about $374,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Robinhood Markets during the 2nd quarter worth about $379,695,000. 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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