Robinhood Markets’ (HOOD) Market Outperform Rating Reiterated at Citizens Jmp

Robinhood Markets (NASDAQ:HOOD)‘s stock had its “market outperform” rating reiterated by analysts at Citizens Jmp in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $155.00 price objective on the stock. Citizens Jmp’s price target would suggest a potential upside of 95.74% from the company’s previous close.

Several other research analysts have also recently issued reports on HOOD. Wall Street Zen cut Robinhood Markets from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Argus lowered their price target on Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Piper Sandler lowered their price target on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Truist Financial decreased their target price on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Finally, Mizuho raised their target price on Robinhood Markets from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Nineteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $106.38.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded up $2.96 during midday trading on Thursday, hitting $79.19. 11,557,853 shares of the stock were exchanged, compared to its average volume of 29,048,836. The stock has a market capitalization of $71.31 billion, a price-to-earnings ratio of 37.91, a P/E/G ratio of 2.25 and a beta of 2.29. The business’s 50-day moving average price is $76.09 and its 200 day moving average price is $94.83. Robinhood Markets has a 12 month low of $62.92 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. As a group, sell-side analysts expect that Robinhood Markets will post 1.88 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $69.85, for a total transaction of $407,574.75. Following the completion of the transaction, the chief technology officer owned 18,006 shares of the company’s stock, valued at approximately $1,257,719.10. The trade was a 24.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total value of $5,082,270.36. 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 ninety days, insiders have sold 560,765 shares of company stock worth $40,946,840. 14.47% of the stock is owned by corporate insiders.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC raised its holdings in shares of Robinhood Markets by 152.6% during the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC raised its position in shares of Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 99 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Robinhood Markets in the 4th quarter worth approximately $27,000. Finally, MV Capital Management Inc. bought a new position in shares of Robinhood Markets in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Key Robinhood Markets News

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

• Positive Sentiment: Robinhood launched AI-agent trading and credit-card purchasing tools, allowing users to give software autonomous control over selected accounts, which could boost usage and keep HOOD at the center of a fast-growing AI-finance trend. Robinhood opens platform to AI agents for trading, credit card purchases
• Positive Sentiment: Multiple outlets highlighted the move as a first-mover attempt to bring autonomous AI decision-making into retail investing and consumer spending, a narrative that can support sentiment around future product expansion and revenue growth. Your AI agent can now trade for you on Robinhood. And buy stuff with your credit card too
• Positive Sentiment: Robinhood also benefited from attention around its role in the new Trump Accounts mobile app, which could add another consumer-facing growth channel if adoption builds. White House unveils Trump Accounts mobile app ahead of July 4 rollout
• Neutral Sentiment: Robinhood’s presentation at Bernstein’s strategic decisions conference was noted, but the transcript itself did not provide a clear new catalyst for the stock. Robinhood Markets, Inc. (HOOD) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: A short-interest report showed zero shares reported, but the data appears inconsistent and is unlikely to materially affect trading sentiment on its own.
• Negative Sentiment: One recent analysis raised concerns that Robinhood’s crypto transaction revenue has weakened, which could weigh on expectations for near-term monetization in a volatile business line. Robinhood: Crypto Transaction Revenue Collapses, Exposes Other Issues

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.