Robinhood Markets (NASDAQ:HOOD) Shares Climb 1.9% Following Analyst Upgrade

Robinhood Markets, Inc. (NASDAQ:HOOD)’s stock price was up 1.9% during trading on Friday after Morgan Stanley raised their price target on the stock from $150.00 to $160.00. Morgan Stanley currently has an overweight rating on the stock. Robinhood Markets traded as high as $109.85 and last traded at $109.02. 13,668,768 shares traded hands during trading, a decline of 50% from the average daily volume of 27,110,225 shares. The stock had previously closed at $107.01.

Several other brokerages have also recently issued reports on HOOD. Mizuho increased their price objective on Robinhood Markets from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research report on Monday, September 21st. China Renaissance started coverage on Robinhood Markets in a report on Tuesday, July 7th. They issued a “buy” rating for the company. Wells Fargo & Company assumed coverage on shares of Robinhood Markets in a report on Friday, October 2nd. They set an “equal weight” rating and a $125.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of Robinhood Markets from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and an average target price of $134.12.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 50,317 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $96.80, for a total value of $4,870,685.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the transaction, the chief executive officer owned 375,000 shares of the company’s stock, valued at $42,645,000. The trade was a 50.00% decrease in their position. 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 quarter, insiders have sold 1,089,658 shares of company stock valued at $127,966,018. 13.48% of the stock is owned by company insiders.

Key Robinhood Markets News

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

• Positive Sentiment: Morgan Stanley raised its Robinhood price target from $150 to $160 and maintained an “Overweight” rating. The upgrade reflects confidence in Robinhood’s growth outlook and implies substantial upside from recent trading levels. Morgan Stanley analyst rating
• Positive Sentiment: Barclays also reportedly raised its target to $132 from $105 while retaining an “Overweight” rating, adding to the bullish analyst sentiment around HOOD. Barclays Robinhood price target
• Positive Sentiment: Webull’s regulatory challenges could create a customer-acquisition opportunity for Robinhood, particularly through account-transfer incentives, advanced trading tools and a broader product lineup. Webull regulatory troubles and Robinhood
• Positive Sentiment: Potential expansion into extended or weekend trading could increase trading frequency, customer engagement and transaction-related revenue for Robinhood and other U.S. brokerages. Weekend trading and U.S. equities
• Neutral Sentiment: Robinhood customers hold substantially less money per account than Interactive Brokers customers—about $13,400 versus $173,000—but the gap is narrowing. The comparison highlights both Robinhood’s mass-market positioning and its opportunity to grow customer assets over time. Robinhood and Interactive Brokers customer assets
• Neutral Sentiment: Robinhood’s reported purchase of approximately $25 million in bitcoin for its corporate balance sheet reinforces its crypto strategy, but also introduces modest exposure to cryptocurrency price volatility. Robinhood bitcoin purchase
• Negative Sentiment: CEO Vladimir Tenev sold 375,000 shares and director Daniel Gallagher sold 10,000 shares. Both sales were made under pre-arranged Rule 10b5-1 plans, reducing their significance, but the transactions may still weigh on investor sentiment. Robinhood insider stock sales

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. State Street Corp boosted its position in Robinhood Markets by 2.7% in the 4th quarter. State Street Corp now owns 33,121,452 shares of the company’s stock worth $3,746,036,000 after purchasing an additional 875,297 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Robinhood Markets by 10.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock valued at $472,141,000 after purchasing an additional 632,403 shares in the last quarter. Amundi lifted its stake in shares of Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after purchasing an additional 3,007,103 shares during the period. Amova Asset Management Americas Inc. lifted its stake in shares of Robinhood Markets by 15.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after purchasing an additional 685,041 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Robinhood Markets by 48.6% during the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock worth $353,717,000 after buying an additional 1,668,400 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Price Performance

The stock has a market capitalization of $98.02 billion, a PE ratio of 48.03, a P/E/G ratio of 2.14 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. The stock’s fifty day moving average is $107.50 and its 200-day moving average is $94.88.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. As a group, equities analysts predict that Robinhood Markets, Inc. will post 2.14 earnings per share for the current fiscal year.

About Robinhood Markets

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.