Robinhood Markets (NASDAQ:HOOD – Free Report) had its price target reduced by Truist Financial from $134.00 to $125.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group raised their price target on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th. Benchmark upgraded shares of Robinhood Markets to a “strong-buy” rating in a research report on Wednesday, September 9th. Keefe, Bruyette & Woods lifted their target price on shares of Robinhood Markets from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Tuesday, September 29th. Citizens Jmp raised their target price on Robinhood Markets from $155.00 to $165.00 and gave the stock a “market outperform” rating in a research report on Friday, September 11th. Finally, Evercore began coverage on Robinhood Markets in a research note on Monday, October 12th. They issued an “outperform” rating and a $130.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.39.
Read Our Latest Report on Robinhood Markets
Robinhood Markets Trading Down 7.2%
Shares of HOOD opened at $84.99 on Wednesday. Robinhood Markets has a 1-year low of $63.51 and a 1-year high of $150.47. The firm has a 50 day simple moving average of $108.49 and a 200-day simple moving average of $93.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.24 and a quick ratio of 1.22. The stock has a market cap of $76.41 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 1.95 and a beta of 2.35.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. Equities analysts forecast that Robinhood Markets will post 2.15 EPS for the current fiscal year.
Insider Transactions at Robinhood Markets
In other Robinhood Markets news, Director Baiju Bhatt sold 50,912 shares of Robinhood Markets stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $101.40, for a total value of $5,162,476.80. The transaction was disclosed in a legal 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. Also, CFO Shiv Verma sold 11,472 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total value of $1,266,738.24. Following the sale, the chief financial officer directly owned 56,858 shares in the company, valued at approximately $6,278,260.36. This represents a 16.79% 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. Over the last three months, insiders sold 1,091,347 shares of company stock worth $128,447,880. Insiders own 13.48% of the company’s stock.
Hedge Funds Weigh In On Robinhood Markets
A number of hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Robinhood Markets by 10.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock valued at $472,141,000 after purchasing an additional 632,403 shares during the period. Amundi increased its holdings in shares of Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after acquiring an additional 3,007,103 shares during the last quarter. Amova Asset Management Americas Inc. raised its stake in Robinhood Markets by 15.0% during the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after purchasing an additional 685,041 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Robinhood Markets by 48.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after buying an additional 1,668,400 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Robinhood Markets in the 2nd quarter valued at $379,695,000. Institutional investors and hedge funds own 93.27% of the company’s stock.
Robinhood Markets News Roundup
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Diversification is gaining traction. Robinhood reported record third-quarter revenue of approximately $1.42 billion, while prediction-market activity, equities, options and margin trading remained strong. Management also highlighted expansion of its Agentic Trading suite, crypto offerings and broader financial “super app” strategy. Robinhood’s Diversification Push Gains Momentum in Q3
- Positive Sentiment: Prediction markets are a major growth opportunity. The business reportedly grew sevenfold year over year, with management arguing that prediction markets could become a significant long-term revenue stream as activity expands beyond sports. Why Robinhood Thinks We’re at the Beginning of a Prediction Market Supercycle
- Positive Sentiment: Some analysts remain bullish. BTIG, Rosenblatt and Citizens JMP reiterated positive ratings, reflecting confidence in Robinhood’s product expansion and longer-term growth potential. BTIG Reaffirms Buy Rating
- Neutral Sentiment: Broader market pressure is adding volatility. A technology selloff and concerns about the sustainability of AI-related spending are weighing on high-growth and trading-platform stocks generally. Morning Call Sheet
- Negative Sentiment: Quarterly profitability disappointed investors. Although revenue reached a record, reports said adjusted EPS missed expectations, while GAAP net income and diluted EPS fell year over year. The contrast between strong top-line growth and weaker earnings raised concerns about operating performance and valuation. Why Wall Street Remains Bullish Despite the Decline
- Negative Sentiment: Crypto revenue fell sharply. Crypto revenue dropped 55% year over year amid a weaker crypto market, reducing a historically important source of transaction revenue. A record Binance theft also pressured crypto-related stocks across the sector. Crypto Stocks Fall After Binance Hack
- Negative Sentiment: Analysts lowered expectations. Wells Fargo, Goldman Sachs, JPMorgan, Barclays, KeyCorp, Scotiabank and Needham reduced price targets or forecasts, contributing to selling pressure. Barclays Cuts Robinhood Price Target
About Robinhood Markets
Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.
Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.
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