Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $132.83.
A number of analysts have recently weighed in on the stock. Needham & Company LLC lowered their price target on shares of Robinhood Markets from $123.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Barclays reiterated an “overweight” rating on shares of Robinhood Markets in a research note on Tuesday. Mizuho increased their target price on shares of Robinhood Markets from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research note on Monday, September 21st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Robinhood Markets from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Tuesday.
Check Out Our Latest Analysis on HOOD
Robinhood Markets Price Performance
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.18. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Research analysts predict that Robinhood Markets will post 2.15 earnings per share for the current fiscal year.
Trending Headlines about Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood unveiled AI-agent features designed to help customers research and execute trading strategies, including autonomous or “agentic” trading accounts. Investors view the rollout as a potential way to increase engagement, assets and monetization beyond commission-free trading. Boeing, GameStop, Robinhood, Micron, and More Stocks That Explain Today’s Market
- Positive Sentiment: The company announced expanded trading availability, including 24-hour weekday and weekend stock trading, as well as perpetual futures tied to traditional assets. The moves could generate additional trading activity, attract international users and strengthen Robinhood’s position as a broader financial “super-app.” Robinhood Debuts Weekend Trading, Perpetual Futures to Customers
- Positive Sentiment: Analyst sentiment remains generally constructive. BTIG raised its price target to $135 and maintained a Buy rating, while Goldman Sachs lifted its target to $145 and kept Buy. September trading metrics were described as supportive of a solid third quarter. Goldman Sachs Adjusts Price Target on Robinhood Markets to $145
- Neutral Sentiment: Robinhood’s strategy is shifting from a simple trading app toward a primary financial relationship, with more products intended to retain customer assets. That could create a durable moat, but competitors may replicate many of the new features. Can Robinhood’s Financial Super-App Ambitions Create a Lasting Moat?
- Negative Sentiment: Not all analysts are bullish: Deutsche Bank reduced its target to $134, Keefe Bruyette & Woods set a $115 Market Perform target, and Rothschild & Co. maintained a Sell rating with an $85 target. Rising yields and inflation concerns also recently pressured rate-sensitive fintech stocks. Rising Yields Pressure Fintech Stocks
Insider Activity
In related news, Director Baiju Bhatt sold 43,373 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $114.28, for a total transaction of $4,956,666.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 240,834 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $125.33, for a total value of $30,183,725.22. Following the completion of the sale, the chief executive officer owned 240,834 shares of the company’s stock, valued at approximately $30,183,725.22. This trade represents a 50.00% 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. In the last 90 days, insiders have sold 1,121,121 shares of company stock worth $132,674,478. Company insiders own 13.48% of the company’s stock.
Institutional Investors Weigh In On Robinhood Markets
Large investors have recently modified their holdings of the business. QRG Capital Management Inc. increased its stake in 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 purchasing an additional 23,253 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Robinhood Markets by 31.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,529 shares of the company’s stock worth $1,557,000 after buying an additional 3,738 shares during the period. Capstone Financial Advisors Inc. lifted its stake in shares of Robinhood Markets by 17.5% during the second quarter. Capstone Financial Advisors Inc. now owns 3,569 shares of the company’s stock worth $358,000 after buying an additional 532 shares during the period. Whetstone Capital Advisors LLC grew its holdings in shares of Robinhood Markets by 8.8% during the second quarter. Whetstone Capital Advisors LLC now owns 54,755 shares of the company’s stock valued at $5,491,000 after buying an additional 4,419 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Robinhood Markets by 5.1% during the second quarter. National Pension Service now owns 2,298,238 shares of the company’s stock valued at $230,467,000 after buying an additional 112,365 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.
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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