Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $113.71, for a total value of $1,137,100.00. Following the completion of the sale, the insider directly owned 499,943 shares in the company, valued at approximately $56,848,518.53. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robinhood Markets Stock Down 2.2%
Shares of Robinhood Markets stock traded down $2.49 during midday trading on Wednesday, hitting $109.51. The company had a trading volume of 18,752,059 shares, compared to its average volume of 27,203,029. Robinhood Markets, Inc. has a 52-week low of $63.51 and a 52-week high of $153.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $98.46 billion, a P/E ratio of 48.24, a P/E/G ratio of 2.34 and a beta of 2.35. The company has a 50 day moving average of $106.69 and a 200 day moving average of $94.37.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business earned $0.42 earnings per share. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, equities analysts predict that Robinhood Markets, Inc. will post 2.14 earnings per share for the current fiscal year.
Robinhood Markets News Summary
- Positive Sentiment: Barclays raised its price target to $132 from $105 and maintained an Overweight rating, citing potential upside from Robinhood’s growth initiatives. Barclays Robinhood price target report
- Positive Sentiment: Robinhood reportedly purchased approximately $25 million of bitcoin for its corporate balance sheet. Management described the move as a strategic alignment with the crypto community, although the investment is small relative to the company’s roughly $100 billion valuation. Robinhood bitcoin balance sheet article
- Positive Sentiment: Robinhood Chain integrated with NEAR Intents, enabling cross-chain swaps across more than 180 assets. The partnership could improve crypto liquidity, user choice and transaction activity on Robinhood’s blockchain platform. Robinhood Chain NEAR Intents integration
- Positive Sentiment: Recent quarterly results remain a fundamental support: Robinhood reported $1.31 billion in revenue, up 32.5% year over year, and $0.62 in EPS, exceeding consensus estimates of $1.29 billion and $0.44, respectively. Robinhood second-quarter earnings report
- Neutral Sentiment: The company’s approximately $25 billion crypto balance largely represents customer assets held in custody, rather than Robinhood’s own treasury holdings. This limits the direct balance-sheet impact of crypto price movements but highlights the platform’s dependence on customer trading activity. Robinhood customer crypto custody article
- Negative Sentiment: Bitcoin and other crypto assets are retreating amid a broader crypto-market “perfect storm,” weighing on crypto-linked broker stocks and potentially reducing trading volumes and transaction revenue. Crypto market downturn article
- Negative Sentiment: State regulators are increasing scrutiny of Robinhood’s prediction-market expansion. Possible limits on sports-related contracts could slow volume growth and reduce monetization potential. Robinhood prediction market regulatory scrutiny
- Negative Sentiment: Robinhood Chain’s memecoin activity reportedly surged to $443 million per day before collapsing 96%, raising concerns about the durability and volatility of blockchain-related revenue. Robinhood Chain memecoin activity article
- Negative Sentiment: The Justice Department charged two former Robinhood engineers with allegedly trading crypto derivatives using confidential listing information. The case does not accuse Robinhood itself, but it creates reputational and compliance risk. DOJ charges former Robinhood engineers
Institutional Investors Weigh In On Robinhood Markets
Several institutional investors have recently modified their holdings of HOOD. Central Pacific Bank Trust Division purchased a new position in Robinhood Markets in the 3rd quarter worth about $678,000. Eastern Bank lifted its stake in Robinhood Markets by 13.3% during the 3rd quarter. Eastern Bank now owns 1,700 shares of the company’s stock valued at $191,000 after acquiring an additional 200 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Robinhood Markets by 14.8% during the 2nd quarter. QRG Capital Management Inc. now owns 180,595 shares of the company’s stock valued at $18,110,000 after acquiring an additional 23,253 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Robinhood Markets by 31.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,529 shares of the company’s stock worth $1,557,000 after acquiring an additional 3,738 shares during the period. Finally, Capstone Financial Advisors Inc. grew its stake in shares of Robinhood Markets by 17.5% in the second quarter. Capstone Financial Advisors Inc. now owns 3,569 shares of the company’s stock worth $358,000 after acquiring an additional 532 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
HOOD has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price target on shares of Robinhood Markets from $124.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. China Renaissance assumed coverage on shares of Robinhood Markets in a research note on Tuesday, July 7th. They set a “buy” rating for the company. Needham & Company LLC decreased their target price 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. Sanford C. Bernstein reiterated an “outperform” rating and issued a $160.00 target price on shares of Robinhood Markets in a research note on Tuesday, September 8th. Finally, Wall Street Zen upgraded shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.71.
Get Our Latest Research Report on HOOD
Robinhood Markets Company Profile
Robinhood Markets, Inc (NASDAQ: HOOD) operates a financial services platform designed to provide investing and trading products through mobile applications and a website. Its offerings include commission-free trading in stocks and exchange-traded funds, options trading, cryptocurrency services, margin investing, and retirement accounts. The company also provides cash management features and other tools intended to help customers manage and invest their money.
Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood gained prominence by expanding access to investing through a low-cost, easy-to-use digital platform.
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