Robinhood Markets (NASDAQ:HOOD – Get Free Report) had its price objective upped by analysts at Morgan Stanley from $95.00 to $124.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 11.39% from the company’s current price.
A number of other equities research analysts also recently commented on HOOD. Cantor Fitzgerald reissued an “overweight” rating and issued a $110.00 price objective on shares of Robinhood Markets in a research report on Tuesday, June 9th. BTIG Research reaffirmed a “buy” rating and set a $125.00 price target on shares of Robinhood Markets in a report on Thursday, July 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. China Renaissance started coverage on shares of Robinhood Markets in a research note on Tuesday. They issued a “buy” rating on the stock. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $130.00 price objective on shares of Robinhood Markets in a report on Tuesday, April 14th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.
Read Our Latest Analysis on HOOD
Robinhood Markets Stock Performance
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities analysts predict that Robinhood Markets will post 1.81 earnings per share for the current fiscal year.
Insider Activity at Robinhood Markets
In related news, insider Steven M. Quirk sold 19,377 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total value of $2,324,464.92. Following the transaction, the insider owned 62,612 shares in the company, valued at $7,510,935.52. The trade was a 23.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $116.17, for a total value of $43,563,750.00. Following the sale, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at approximately $43,563,750. This represents a 50.00% decrease in their ownership of the stock. 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 90 days, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 659,112 shares valued at $68,741,158. 14.47% of the stock is currently owned by corporate insiders.
Institutional Trading of Robinhood Markets
Several hedge funds and other institutional investors have recently made changes to their positions in HOOD. CYBER HORNET ETFs LLC increased its holdings in Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. MV Capital Management Inc. purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at $27,000. Swiss RE Ltd. purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at $27,000. Elyxium Wealth LLC acquired a new stake in shares of Robinhood Markets during the fourth quarter valued at $27,000. Finally, Sound Income Strategies LLC boosted its stake 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 during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.
Robinhood Markets News Roundup
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood’s new blockchain and tokenization push is getting strong attention, with reports of surging trading volume on Robinhood Chain and rising interest in tokenized stocks and meme coins. That reinforces the market’s view that HOOD could open new revenue streams beyond traditional brokerage. Article: Morning Minute: Robinhood Chain Explodes Onto the Crypto Scene
- Positive Sentiment: Barclays raised its price target on Robinhood and kept an overweight stance, adding to the bullish analyst tone around the stock’s growth prospects. Article: Barclays Issues Positive Forecast for Robinhood Markets (NASDAQ:HOOD) Stock Price
- Positive Sentiment: CEO Vlad Tenev’s comments about expanding stock-market access to more Americans highlight Robinhood’s long-term user growth ambition and its mission to broaden investing participation. Article: Robinhood CEO Vlad Tenev Says ‘Only 62% of Americans’ Exposed to Stocks: ‘I’d Like to Get That to 100’
- Neutral Sentiment: Analyst coverage remains broadly constructive, with Robinhood described as a “Moderate Buy,” but that mostly confirms existing expectations rather than adding a fresh catalyst. Article: Robinhood Markets, Inc. (NASDAQ:HOOD) Given Consensus Recommendation of “Moderate Buy” by Analysts
- Neutral Sentiment: Cathie Wood’s ARK sold some HOOD shares while buying Circle, which may create mixed short-term trading signals, but the move does not appear to reflect a fundamental deterioration. Article: Cathie Wood’s ARK Is Buying CRCL Stock’s Slump While Selling HOOD’s Gains
- Negative Sentiment: Recent insider sales, including by CEO Vladimir Tenev and director Daniel Martin Gallagher Jr., may weigh on sentiment even though the transactions were pre-arranged under Rule 10b5-1 plans. Article: Daniel Martin Gallagher, Jr. Sells 10,000 Shares of Robinhood Markets (NASDAQ:HOOD) Stock
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.
See Also
- Five stocks we like better than Robinhood Markets
- Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
- Broadcom’s $30 Billion Apple Deal: This Chip Giant Is About More than Just AI
- IQM’s Nasdaq Debut Could Change the Quantum Race for D-Wave
- Buyer Beware: These 2 Stocks Charts Just Displayed a Death Cross
Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter.
