Robinhood Markets (NASDAQ:HOOD) Shares Up 1.4% After Analyst Upgrade

Robinhood Markets, Inc. (NASDAQ:HOOD)’s share price shot up 1.4% on Thursday after Barclays raised their price target on the stock from $82.00 to $122.00. Barclays currently has an overweight rating on the stock. Robinhood Markets traded as high as $117.65 and last traded at $115.11. Approximately 18,658,878 shares were traded during trading, a decline of 38% from the average daily volume of 30,194,736 shares. The stock had previously closed at $113.53.

Several other equities research analysts have also commented on HOOD. Truist Financial cut their target price on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Morgan Stanley dropped their price target on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Keefe, Bruyette & Woods dropped their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Needham & Company LLC raised their price objective on shares of Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Zacks Research raised shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $116.74.

Insider Buying and Selling

In other Robinhood Markets news, Director Paula Loop sold 8,336 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $120.00, for a total value of $1,000,320.00. Following the transaction, the director owned 63,674 shares in the company, valued at approximately $7,640,880. This represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at $43,563,750. This trade represents 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 acquired 680,000 shares of company stock worth $55,306,560 and sold 659,112 shares worth $68,741,158. 14.47% of the stock is currently owned by corporate insiders.

More Robinhood Markets News

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

• Positive Sentiment: Barclays raised its price target on Robinhood Markets (HOOD) from $82 to $122 and kept an overweight rating, signaling stronger confidence in the stock’s upside.
• Positive Sentiment: Coverage around Robinhood Chain and its expanding crypto strategy highlights rising DEX activity and meme-coin trading interest, which may boost engagement and help support future revenue growth. Article: Robinhood Chain DEX Volume Hits Record High Amid Cash Cat Frenzy
• Positive Sentiment: Media reports about Robinhood’s new blockchain launch and CEO Vlad Tenev’s comments that it is “great for memes too” reinforce the company’s push into tokenization, DeFi, and crypto-native products. Article: Robinhood launches blockchain, CEO Vlad Tenev says it’s ‘great for memes too’
• Positive Sentiment: Analyst commentary continues to frame HOOD as a growth story tied to perpetual futures, AI trading tools, and broader fintech expansion, which could support higher expectations for future earnings.
• Neutral Sentiment: Articles noting that Robinhood is one of the more heavily watched stocks suggest elevated investor interest ahead of future updates, but do not add a direct near-term catalyst.
• Neutral Sentiment: Recent insider sales by executives and directors were made under pre-arranged 10b5-1 plans, so they are not necessarily a bearish signal, but they may still temper sentiment somewhat.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC lifted its stake in shares of Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC increased its position in shares of Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter worth about $27,000. MV Capital Management Inc. acquired a new stake in shares of Robinhood Markets in the 4th quarter worth about $27,000. Finally, Swiss RE Ltd. acquired a new position in Robinhood Markets during the 4th quarter valued at about $27,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Up 1.4%

The business has a fifty day simple moving average of $89.54 and a 200 day simple moving average of $89.37. The stock has a market capitalization of $103.66 billion, a P/E ratio of 55.61, a price-to-earnings-growth ratio of 2.53 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.81 earnings per share for the current year.

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.