Robinhood Markets (NASDAQ:HOOD) Stock Price Up 2.4% – Time to Buy?

Robinhood Markets, Inc. (NASDAQ:HOOD) shares rose 2.4% during trading on Thursday . The stock traded as high as $73.87 and last traded at $72.89. Approximately 31,015,103 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 30,899,822 shares. The stock had previously closed at $71.20.

Robinhood Markets News Summary

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

• Positive Sentiment: Core user and deposit trends look healthy: funded customers, net deposits and record Robinhood Gold subscriptions grew in Q1 and prediction-market activity contributed fee revenue, supporting a longer-term recurring‑revenue story. Q1 Earnings Call Summary
• Positive Sentiment: Prediction markets momentum: management said prediction-market fees overtook crypto in the quarter, which can diversify revenue away from volatile crypto swings. Earnings Video
• Positive Sentiment: International expansion progress — in‑principle regulatory approval in Singapore supports TAM expansion outside the U.S. if it converts to live revenues. Singapore Article
• Neutral Sentiment: Executive insider selling was disclosed (CTO sold shares under a pre‑arranged 10b5‑1 plan); procedural but watched by investors. SEC Form 4
• Neutral Sentiment: Some brokers still bullish even as targets shift — Cantor Fitzgerald reaffirmed an Overweight rating while Argus trimmed its price target but kept a Buy, leaving the sell‑side split on near‑term valuation. Cantor Fitzgerald Article Argus/Ticker Report
• Negative Sentiment: Q1 misses: revenue (~$1.07B) and EPS (reported $0.38) came in below consensus, triggering a sharp share pullback as investors re‑price near‑term growth and margin assumptions. Earnings Call Summary
• Negative Sentiment: Crypto revenue plunge was the primary driver of the top‑line shortfall, highlighting ongoing sensitivity to crypto market volatility. Investopedia Crypto Article
• Negative Sentiment: Higher operating expenses and a disclosed ~18% expense increase (including a ~$100M initiative) could pressure near‑term margins even as the company invests in growth. Yahoo Finance: Expenses
• Negative Sentiment: Growing analyst pessimism and target cuts (Barclays, Needham and others lowering targets or tone) amplify downside risk until revenue mix and margin trends stabilize. Barclays Reset Needham Note
• Negative Sentiment: New report flags a government-related deal that has turned sour, which could dent expected revenue or partnerships if material. AOL Article

Analyst Ratings Changes

HOOD has been the topic of several analyst reports. Piper Sandler decreased their price objective on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Needham & Company LLC decreased their price objective on Robinhood Markets from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday. Wolfe Research upgraded Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price objective on the stock in a report on Monday, February 9th. Jefferies Financial Group decreased their price objective on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Eighteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and an average target price of $107.88.

Robinhood Markets Price Performance

The company has a market capitalization of $66.32 billion, a P/E ratio of 35.58, a PEG ratio of 2.19 and a beta of 2.29. The company has a 50 day moving average of $76.22 and a 200-day moving average of $102.62.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share. Research analysts predict that Robinhood Markets, Inc. will post 1.95 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $83.92, for a total value of $489,673.20. Following the sale, the chief technology officer directly owned 12,171 shares of the company’s stock, valued at $1,021,390.32. This trade represents a 32.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 57,261 shares of Robinhood Markets stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $86.38, for a total value of $4,946,205.18. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 540,447 shares of company stock valued at $40,159,378 over the last ninety days. Corporate insiders own 14.47% of the company’s stock.

Institutional Trading of Robinhood Markets

Large investors have recently bought and sold shares of the company. Caisse Des Depots ET Consignations bought a new stake in Robinhood Markets during the 3rd quarter valued at approximately $3,984,000. Aberdeen Group plc boosted its position in shares of Robinhood Markets by 565.1% in the 3rd quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock worth $26,565,000 after purchasing an additional 157,643 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Robinhood Markets in the 3rd quarter worth approximately $322,823,000. NEOS Investment Management LLC bought a new stake in shares of Robinhood Markets in the 3rd quarter worth approximately $11,994,000. Finally, New York Life Investment Management LLC bought a new stake in shares of Robinhood Markets in the 3rd quarter worth approximately $14,989,000. 93.27% of the stock is owned by institutional investors.

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.