Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $132.00

Robinhood Markets (NASDAQ:HOOD – Free Report) had its price target boosted by Barclays from $105.00 to $132.00 in a research report released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on HOOD. KeyCorp increased their price objective on Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Mizuho boosted their target price on Robinhood Markets from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. Scotiabank assumed coverage on Robinhood Markets in a research note on Wednesday, September 2nd. They issued a “sector outperform” rating and a $136.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a report on Monday, September 21st. Finally, Loop Capital set a $135.00 price target on Robinhood Markets in a research report on Tuesday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.68.

Read Our Latest Stock Analysis on HOOD

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $109.02 on Wednesday. Robinhood Markets has a 1-year low of $63.51 and a 1-year high of $153.56. 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 firm has a market capitalization of $98.02 billion, a PE ratio of 48.03, a price-to-earnings-growth ratio of 2.09 and a beta of 2.35. The firm’s 50 day simple moving average is $107.94 and its 200 day simple moving average is $94.98.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.44 by $0.18. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. As a group, analysts expect that Robinhood Markets will post 2.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Daniel Gallagher, Jr. sold 10,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $122.43, for a total value of $1,224,300.00. Following the transaction, the insider owned 509,943 shares of the company’s stock, valued at $62,432,321.49. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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. Also, CFO Shiv Verma sold 11,472 shares of the firm’s stock in a transaction dated 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 owned 56,858 shares in the company, valued at $6,278,260.36. The trade was a 16.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,089,658 shares of company stock valued at $127,966,018 in the last three months. 13.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

A number of large investors have recently modified their holdings of HOOD. Wellington Management Group LLP boosted its holdings in Robinhood Markets by 37.1% during the 2nd quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock valued at $78,852,000 after acquiring an additional 212,855 shares during the period. Public Employees Retirement System of Ohio bought a new position in Robinhood Markets during the 2nd quarter worth approximately $22,691,000. Nykredit A S purchased a new position in Robinhood Markets in the 2nd quarter worth approximately $29,008,000. NewEdge Advisors LLC increased its stake in Robinhood Markets by 18.3% in the 2nd quarter. NewEdge Advisors LLC now owns 68,920 shares of the company’s stock worth $6,911,000 after purchasing an additional 10,685 shares during the period. Finally, Groupe la Francaise bought a new stake in Robinhood Markets in the second quarter valued at approximately $5,544,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

More Robinhood Markets News

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

  • Positive Sentiment: Morgan Stanley raised its price target to $160 from $150 and reiterated an “Overweight” rating. The new target implies substantial upside and reinforces the view that Robinhood can continue growing revenue, users and product adoption. Morgan Stanley analyst ratings
  • Positive Sentiment: Barclays also reportedly raised its price target to $132 from $105 while maintaining an “Overweight” rating, adding to the positive analyst momentum around HOOD. Barclays Robinhood price target report
  • Positive Sentiment: Webull’s regulatory difficulties could give Robinhood an opportunity to attract transferred accounts, particularly through incentives, advanced trading tools and a broader product lineup. Webull regulatory troubles and Robinhood
  • Positive Sentiment: Robinhood’s potential expansion into private-market access, prediction markets and extended or weekend trading could increase customer engagement and trading-related revenue over time. Private-market and prediction-market access
  • Neutral Sentiment: A comparison with Interactive Brokers shows Robinhood customers hold considerably less money per account, though the gap is narrowing. This highlights both a current wealth-management disadvantage and a potential opportunity as Robinhood attracts larger, more established investors. Interactive Brokers and Robinhood customer balances
  • Negative Sentiment: Insider Daniel Martin Gallagher, Jr. sold 10,000 shares worth approximately $1.14 million. The sale occurred under a pre-arranged Rule 10b5-1 plan and leaves him with nearly 500,000 shares, reducing—but not eliminating—its negative signaling effect. Robinhood insider sale
  • Negative Sentiment: Regulatory scrutiny of Robinhood’s prediction-market business could restrict sports-contract offerings or slow transaction growth. Crypto-market volatility also creates a risk to trading activity and transaction revenue. Fintech market and regulatory briefing

Robinhood Markets Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Robinhood Markets (NASDAQ:HOOD)

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