Robinhood Markets (NASDAQ:HOOD) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Robinhood Markets (NASDAQ:HOOD) from a sell rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

HOOD has been the topic of a number of other reports. Needham & Company LLC increased their price objective on Robinhood Markets from $123.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday. Benchmark raised Robinhood Markets to a “strong-buy” rating in a report on Wednesday, September 9th. Citizens Jmp upped their target price on Robinhood Markets from $155.00 to $165.00 and gave the company a “market outperform” rating in a research report on Friday, September 11th. Mizuho upped their target price on Robinhood Markets from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Finally, Morgan Stanley increased their price target on shares of Robinhood Markets from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.29.

Robinhood Markets Price Performance

Shares of HOOD opened at $95.07 on Friday. The firm has a market capitalization of $85.48 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 1.89 and a beta of 2.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. Robinhood Markets has a 1-year low of $63.51 and a 1-year high of $150.47. The company’s fifty day moving average price is $109.40 and its 200-day moving average price is $97.21.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. On average, equities research analysts predict that Robinhood Markets will post 2.19 EPS for the current year.

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $113.72, for a total value of $42,645,000.00. Following the sale, the chief executive officer owned 375,000 shares in the company, valued at approximately $42,645,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the sale, the insider directly owned 499,943 shares in the company, valued at $56,848,518.53. The trade was a 1.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,091,347 shares of company stock valued at $128,447,880 in the last three months. 13.48% of the stock is currently owned by company insiders.

Institutional Trading of Robinhood Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOOD. C M Bidwell & Associates Ltd. purchased a new stake in shares of Robinhood Markets during the second quarter worth about $27,000. James T. Borello RIA acquired a new stake in shares of Robinhood Markets in the third quarter valued at $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in Robinhood Markets during the 1st quarter worth approximately $33,000. Glen Eagle Advisors LLC boosted its stake in shares of Robinhood Markets by 100.7% in the 1st quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock valued at $39,000 after buying an additional 285 shares during the period. Finally, Continuum Advisory LLC purchased a new position in Robinhood Markets in the second quarter valued at $40,000. Institutional investors and hedge funds 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 support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
• Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
• Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
• Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
• Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
• Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
• Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

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.