Robinhood Markets (NASDAQ:HOOD) Raised to Hold at Wall Street Zen

Robinhood Markets (NASDAQ:HOOD) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also commented on HOOD. Citizens Jmp boosted their price target on shares of Robinhood Markets from $155.00 to $165.00 and gave the company a “market outperform” rating in a report on Friday, September 11th. Loop Capital set a $135.00 price objective on shares of Robinhood Markets in a research note on Tuesday, September 29th. Scotiabank started coverage on shares of Robinhood Markets in a report on Wednesday, September 2nd. They set a “sector outperform” rating and a $136.00 price objective on the stock. Compass Point lifted their price objective on shares of Robinhood Markets from $126.00 to $145.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Finally, KeyCorp boosted their price objective on shares of Robinhood Markets from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.29.

Robinhood Markets Stock Performance

HOOD stock opened at $95.07 on Friday. Robinhood Markets has a 1-year low of $63.51 and a 1-year high of $150.47. The business has a 50-day moving average price of $109.40 and a 200 day moving average price of $97.40. The company has a market capitalization of $85.48 billion, a P/E ratio of 41.88, a PEG ratio of 1.89 and a beta of 2.35. 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 (NASDAQ:HOOD) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.18. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. As a group, equities research analysts forecast that Robinhood Markets will post 2.19 EPS for the current fiscal year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $113.72, for a total value of $42,645,000.00. Following the completion of the sale, the chief executive officer owned 375,000 shares of the company’s stock, valued at approximately $42,645,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 24,416 shares of Robinhood Markets stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total transaction of $2,937,977.28. Following the completion of the sale, the insider owned 77,839 shares of the company’s stock, valued at $9,366,366.87. This trade represents a 23.88% 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 worth $128,447,880 over the last ninety days. Corporate insiders own 13.48% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in shares of Robinhood Markets in the 2nd quarter valued at approximately $379,695,000. Amundi increased its holdings in shares of Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after buying an additional 3,007,103 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Robinhood Markets by 48.6% during the 1st quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after buying an additional 1,668,400 shares during the period. Hound Partners LLC purchased a new stake in shares of Robinhood Markets during the 1st quarter valued at approximately $73,150,000. Finally, Amova Asset Management Americas Inc. lifted its holdings in Robinhood Markets by 15.0% in the first quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after acquiring an additional 685,041 shares during the last quarter. 93.27% of the stock is 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 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.

About Robinhood Markets

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.