Robinhood Markets, Inc. (NASDAQ:HOOD) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have been assigned an average recommendation of “Moderate Buy” from the twenty-six research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $118.00.

A number of equities research analysts recently issued reports on HOOD shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Truist Financial reduced their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, April 13th. JPMorgan Chase & Co. decreased their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Robinhood Markets in a report on Tuesday, April 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $110.00 price target on shares of Robinhood Markets in a research report on Tuesday, June 9th.

Insider Buying and Selling at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $116.14, for a total transaction of $1,161,400.00. Following the transaction, the insider owned 471,396 shares of the company’s stock, valued at approximately $54,747,931.44. The trade was a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 stock in a transaction 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 owned 375,000 shares in the company, valued at $43,563,750. 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 90 days, insiders bought 680,000 shares of company stock valued at $55,306,560 and sold 645,136 shares valued at $67,549,121. 13.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after acquiring an additional 15,885 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Robinhood Markets during the 2nd quarter valued at about $5,105,000. Federated Hermes Inc. grew its holdings in Robinhood Markets by 106.2% during the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock valued at $5,988,000 after purchasing an additional 32,933 shares during the last quarter. NewEdge Advisors LLC raised its position in Robinhood Markets by 19.1% in the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock worth $8,396,000 after purchasing an additional 14,356 shares during the period. Finally, Nebula Research & Development LLC purchased a new stake in Robinhood Markets in the 2nd quarter worth about $1,316,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $113.45 on Friday. The company has a market cap of $102.16 billion, a price-to-earnings ratio of 54.81, a PEG ratio of 2.37 and a beta of 2.33. Robinhood Markets has a 1 year low of $63.51 and a 1 year high of $153.86. The stock’s 50 day simple moving average is $92.48 and its two-hundred day simple moving average is $89.13.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results 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 net margin of 41.12% and a return on equity of 21.39%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year. As a group, analysts anticipate that Robinhood Markets will post 1.87 EPS for the current year.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Compass Point raised its price target on Robinhood while keeping a Buy rating, adding to the bullish analyst momentum around the stock. Compass Point Raises Robinhood (HOOD) Price Target, Keeps Buy Rating
• Positive Sentiment: Multiple firms have recently lifted their Robinhood targets, reinforcing expectations that the company’s growth and new products could support higher valuation. Four Banks Raised Robinhood’s Target in Eight Days: What Do They See Coming?
• Positive Sentiment: Robinhood Chain is off to a strong start, ranking near the top in DEX activity and generating notable user and bridge volume, which investors may see as evidence that Robinhood is successfully expanding beyond brokerage into blockchain infrastructure. Analysts stunned by Robinhood’s $3.1 billion debut week
• Positive Sentiment: Paxos Labs reportedly moved nearly $30 million through Robinhood Chain, another sign of early adoption and real activity on the network. Paxos Labs Moves Nearly $30M Through Robinhood Chain
• Positive Sentiment: Robinhood is reportedly exploring a $400 million to $500 million asset-backed securities deal tied to its credit card receivables, which could broaden funding options and signal confidence in its consumer-credit business. Robinhood Weighs Its First Sale of Card Receivables-Backed Bond
• Neutral Sentiment: Robinhood launched AI agent trading for crypto after 70,000 accounts joined the beta, showing product innovation but still too early to gauge financial impact. Robinhood Brings AI Agent Trading to Crypto After 70,000 Accounts Join Beta
• Neutral Sentiment: Some commentary suggests Robinhood Chain’s memecoin-driven growth could help adoption, but also raises questions about whether speculation may distract from the company’s tokenized-stock ambitions. Artemis Warns Robinhood Chain’s Biggest Success May Also Be Its Greatest Risk
• Negative Sentiment: MarketWatch highlighted a scam attempt involving a Robinhood account, which is unlikely to move the stock much but may remind investors of platform-security risks. ‘They are relentless’: A scammer is trying to change the email on my empty Robinhood account. What do they have to gain?

Robinhood Markets Company Profile

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.