Nisa Investment Advisors LLC Acquires 6,426 Shares of Robinhood Markets, Inc. $HOOD

Nisa Investment Advisors LLC increased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 12.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 57,628 shares of the company’s stock after acquiring an additional 6,426 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Robinhood Markets were worth $6,483,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. C M Bidwell & Associates Ltd. bought a new stake in Robinhood Markets during the 2nd quarter valued at approximately $27,000. James T. Borello RIA acquired a new stake in Robinhood Markets in the 3rd quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC bought a new position in Robinhood Markets in the 1st quarter worth approximately $33,000. Glen Eagle Advisors LLC increased its position in Robinhood Markets by 100.7% in the 1st quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock worth $39,000 after buying an additional 285 shares during the period. Finally, Continuum Advisory LLC bought a new position in Robinhood Markets in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other news, Director Oluwadara Treseder sold 1,875 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $234,375.00. Following the sale, the director directly owned 70,567 shares in the company, valued at approximately $8,820,875. The trade was a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $113.71, for a total value of $1,137,100.00. Following the completion of the transaction, the insider owned 499,943 shares of the company’s stock, valued at $56,848,518.53. The trade was a 1.96% 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. Insiders sold a total of 1,091,347 shares of company stock valued at $128,447,880 in the last quarter. 13.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group upped their price target on Robinhood Markets from $144.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, September 29th. JPMorgan Chase & Co. boosted their target price on shares of Robinhood Markets from $103.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company cut their target price on shares of Robinhood Markets from $125.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. Rothschild & Co Redburn increased their price target on shares of Robinhood Markets from $78.00 to $80.00 and gave the company a “sell” rating in a report on Friday, August 14th. Finally, Barclays increased their price target on shares of Robinhood Markets from $105.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and an average target price of $130.29.

Robinhood Markets Trading Down 1.6%

Robinhood Markets stock opened at $95.07 on Friday. The business has a 50 day moving average price of $109.40 and a two-hundred day moving average price of $97.21. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The stock has a market cap of $85.48 billion, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 1.92 and a beta of 2.35. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $150.47.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $0.42 EPS. The company’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, equities analysts forecast that Robinhood Markets, Inc. will post 2.19 EPS for the current year.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Analyst support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
• Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
• Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
• Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
• Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
• Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
• Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

Robinhood Markets Company Profile

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.