Robinhood Markets (NASDAQ:HOOD) Director Oluwadara Johnson Treseder Sells 1,875 Shares

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) Director Oluwadara Treseder sold 1,875 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $234,375.00. Following the transaction, the director directly owned 70,567 shares of the company’s stock, valued at $8,820,875. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oluwadara Johnson Treseder also recently made the following trade(s):

  • On Thursday, July 2nd, Oluwadara Treseder sold 3,750 shares of Robinhood Markets stock. The shares were sold at an average price of $117.50, for a total value of $440,625.00.

Robinhood Markets Trading Down 1.7%

NASDAQ:HOOD opened at $113.33 on Friday. The company has a market cap of $101.89 billion, a P/E ratio of 49.93, a price-to-earnings-growth ratio of 2.38 and a beta of 2.34. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The business has a 50 day moving average price of $103.63 and a two-hundred day moving average price of $89.51. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted 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 net margin of 42.01% and a return on equity of 22.43%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue was up 32.5% compared to the same quarter last year. As a group, analysts expect that Robinhood Markets, Inc. will post 2.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

A number of large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in shares of Robinhood Markets by 86.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 100,849 shares of the company’s stock worth $11,406,000 after purchasing an additional 46,688 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Robinhood Markets by 196.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 722,857 shares of the company’s stock worth $81,755,000 after purchasing an additional 478,919 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co lifted its holdings in Robinhood Markets by 17.6% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 120,000 shares of the company’s stock worth $13,572,000 after buying an additional 18,000 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $22,691,000. Finally, Wellington Management Group LLP increased its stake in shares of Robinhood Markets by 37.1% in the second quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock valued at $78,852,000 after buying an additional 212,855 shares during the period. Institutional investors own 93.27% of the company’s stock.

Key Stories Impacting Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

  • Positive Sentiment: Analyst raises price target: Jefferies increased its price target for Robinhood to $140 from $127 while maintaining a Buy rating, citing potential upside from current levels. Jefferies raises Robinhood price target
  • Positive Sentiment: New growth initiatives: Robinhood continues expanding prediction markets through partnerships with Crypto.com and OG.com. The company also reported August operating data, giving investors another update on customer activity and transaction trends. Robinhood expands prediction markets Robinhood August operating data
  • Positive Sentiment: Investment-banking ambitions: CEO Vlad Tenev said Robinhood intends to be disruptive in underwriting after its Oura IPO win, raising the possibility of additional fee revenue from future IPOs, including major technology offerings. Robinhood investment banking ambitions
  • Neutral Sentiment: Limited short-interest signal: Reported short interest was zero, meaning there is no meaningful short-squeeze setup indicated by the available data.
  • Negative Sentiment: Regulatory and legal friction: Robinhood will stop offering sports prediction markets in Michigan amid litigation. Its broader tokenized-stock strategy is also facing criticism from AMC’s CEO, potentially increasing regulatory and reputational risk. Robinhood Michigan prediction markets lawsuit
  • Negative Sentiment: Insider selling: Director Oluwadara Treseder sold 1,875 shares worth $234,375 under a pre-arranged Rule 10b5-1 plan. The sale was modest relative to her remaining stake, but may add some near-term caution.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HOOD. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 target price (up from $135.00) on shares of Robinhood Markets in a research report on Wednesday, September 2nd. Citizens Jmp reaffirmed a “market outperform” rating and set a $155.00 price target on shares of Robinhood Markets in a research report on Thursday, July 30th. Argus increased their price objective on Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Jefferies Financial Group raised their target price on shares of Robinhood Markets from $127.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Loop Capital set a $142.00 price target on shares of Robinhood Markets in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.42.

Get Our Latest Stock Report on HOOD

About Robinhood Markets

(Get Free Report)

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.

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Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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