Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $160.00

Robinhood Markets (NASDAQ:HOOD) had its price objective lifted by Morgan Stanley from $150.00 to $160.00 in a research report report published on Friday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

HOOD has been the subject of a number of other reports. Keefe, Bruyette & Woods boosted their target price on shares of Robinhood Markets from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Tuesday, September 29th. Bank of America increased their price target on shares of Robinhood Markets from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $160.00 price target on shares of Robinhood Markets in a report on Tuesday, September 8th. Mizuho lifted their price objective on shares of Robinhood Markets from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Robinhood Markets from $124.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.68.

Robinhood Markets Stock Performance

HOOD opened at $109.02 on Friday. The firm has a market cap of $98.02 billion, a price-to-earnings ratio of 48.03, a PEG ratio of 2.13 and a beta of 2.35. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. Robinhood Markets has a 12 month low of $63.51 and a 12 month high of $153.56. The stock has a fifty day moving average price of $107.94 and a 200-day moving average price of $95.13.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, equities research analysts anticipate that Robinhood Markets will post 2.14 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the transaction, the insider directly owned 499,943 shares of the company’s stock, valued at $56,848,518.53. This represents a 1.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at $42,645,000. This represents a 50.00% 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. Over the last three months, insiders have sold 1,089,658 shares of company stock worth $127,966,018. 13.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in Robinhood Markets by 37.1% during the 2nd quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock valued at $78,852,000 after acquiring an additional 212,855 shares during the period. Nykredit A S purchased a new stake in shares of Robinhood Markets in the 2nd quarter valued at $29,008,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Robinhood Markets in the 2nd quarter valued at $22,691,000. NewEdge Advisors LLC boosted its holdings in shares of Robinhood Markets by 18.3% in the 2nd quarter. NewEdge Advisors LLC now owns 68,920 shares of the company’s stock valued at $6,911,000 after acquiring an additional 10,685 shares during the last quarter. Finally, Groupe la Francaise acquired a new stake in shares of Robinhood Markets in the second quarter worth $5,544,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Morgan Stanley raised its price target to $160 from $150 and reiterated an “Overweight” rating. The new target implies substantial upside and reinforces the view that Robinhood can continue growing revenue, users and product adoption. Morgan Stanley analyst ratings
• Positive Sentiment: Barclays also reportedly raised its price target to $132 from $105 while maintaining an “Overweight” rating, adding to the positive analyst momentum around HOOD. Barclays Robinhood price target report
• Positive Sentiment: Webull’s regulatory difficulties could give Robinhood an opportunity to attract transferred accounts, particularly through incentives, advanced trading tools and a broader product lineup. Webull regulatory troubles and Robinhood
• Positive Sentiment: Robinhood’s potential expansion into private-market access, prediction markets and extended or weekend trading could increase customer engagement and trading-related revenue over time. Private-market and prediction-market access
• Neutral Sentiment: A comparison with Interactive Brokers shows Robinhood customers hold considerably less money per account, though the gap is narrowing. This highlights both a current wealth-management disadvantage and a potential opportunity as Robinhood attracts larger, more established investors. Interactive Brokers and Robinhood customer balances
• Negative Sentiment: Insider Daniel Martin Gallagher, Jr. sold 10,000 shares worth approximately $1.14 million. The sale occurred under a pre-arranged Rule 10b5-1 plan and leaves him with nearly 500,000 shares, reducing—but not eliminating—its negative signaling effect. Robinhood insider sale
• Negative Sentiment: Regulatory scrutiny of Robinhood’s prediction-market business could restrict sports-contract offerings or slow transaction growth. Crypto-market volatility also creates a risk to trading activity and transaction revenue. Fintech market and regulatory briefing

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.