Robinhood Markets (NASDAQ:HOOD) Given Overweight Rating at Morgan Stanley

Robinhood Markets (NASDAQ:HOOD)‘s stock had its “overweight” rating restated by Morgan Stanley in a report released on Wednesday, Benzinga reports. They currently have a $150.00 price objective on the stock. Morgan Stanley’s target price would indicate a potential upside of 33.33% from the stock’s previous close.

Several other analysts have also commented on HOOD. Piper Sandler restated an “overweight” rating and issued a $145.00 price objective (up from $135.00) on shares of Robinhood Markets in a report on Wednesday, September 2nd. Citizens Jmp raised their price objective on shares of Robinhood Markets from $155.00 to $165.00 and gave the stock a “market outperform” rating in a report on Friday, September 11th. Scotiabank began coverage on shares of Robinhood Markets in a report on Wednesday, September 2nd. They issued a “sector outperform” rating and a $136.00 price objective for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $160.00 price objective on shares of Robinhood Markets in a report on Tuesday, September 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Robinhood Markets in a report on Tuesday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.83.

Robinhood Markets Stock Performance

Shares of HOOD opened at $112.50 on Wednesday. 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 one year low of $63.51 and a one year high of $153.86. The company has a 50-day simple moving average of $105.39 and a two-hundred day simple moving average of $93.32. The firm has a market capitalization of $101.15 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 2.32 and a beta of 2.34.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $0.42 earnings per share. Robinhood Markets’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, analysts anticipate that Robinhood Markets will post 2.15 EPS for the current fiscal year.

Insider Activity

In related news, insider Steven M. Quirk sold 24,416 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total value of $2,937,977.28. Following the completion of the transaction, the insider directly owned 77,839 shares in the company, valued at $9,366,366.87. The trade was a 23.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $90.42, for a total transaction of $904,200.00. Following the completion of the transaction, the insider owned 461,396 shares of the company’s stock, valued at approximately $41,719,426.32. The trade was a 2.12% 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. In the last ninety days, insiders sold 1,089,658 shares of company stock valued at $128,909,068. 13.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds have recently added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new position in Robinhood Markets in the 4th quarter worth approximately $27,000. C M Bidwell & Associates Ltd. bought a new stake in Robinhood Markets in the 2nd quarter worth approximately $27,000. SHP Wealth Management bought a new stake in Robinhood Markets in the 4th quarter worth approximately $32,000. Glen Eagle Advisors LLC grew its position in Robinhood Markets by 812.9% in the 4th quarter. Glen Eagle Advisors LLC now owns 283 shares of the company’s stock worth $32,000 after purchasing an additional 252 shares during the period. Finally, Copos Capital S.a r.l. bought a new stake in Robinhood Markets in the 4th quarter worth approximately $33,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Analyst targets remain broadly supportive. BTIG Research raised its price target to $135 from $125 and maintained a Buy rating, while Keefe, Bruyette & Woods lifted its target to $115 from $100. Morgan Stanley also reaffirmed its Overweight rating with a $150 target. These targets imply further upside from recent levels. BTIG Research price target article
• Positive Sentiment: Robinhood is expanding its platform and potential revenue opportunities. The company unveiled Robinhood Agents, which can research markets and execute trades within user-defined limits, along with round-the-clock stock trading, weekend access, crypto and traditional-asset perpetual contracts, and expanded options and social-investing features. The initiatives could increase engagement, trading activity and customer retention. Robinhood weekend trading and AI agents article
• Neutral Sentiment: Deutsche Bank remains constructive but moderated its outlook. The bank reportedly reduced its price target from $138 to $134 while retaining a Buy rating, suggesting confidence in Robinhood’s long-term prospects but a more cautious view of near-term valuation or execution. Deutsche Bank Robinhood forecast article
• Negative Sentiment: Investors appear to be taking profits and scrutinizing risk. HOOD’s summit-driven advance reversed as the market assessed whether autonomous AI trading, perpetual contracts and extended-hours activity can generate sustainable profits. The products also introduce regulatory, suitability, volatility and operational risks, particularly for retail investors. At roughly 50 times earnings, the stock’s elevated valuation leaves it sensitive to disappointment. Robinhood AI trading and social investing article

Robinhood Markets Company Profile

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.