Robinhood Markets (NASDAQ:HOOD – Get Free Report) had its target price increased by research analysts at Barclays from $105.00 to $132.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 22.39% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. 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. Jefferies Financial Group boosted their target price on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Zacks Research upgraded shares of Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Citizens Jmp increased their price target on shares of Robinhood Markets from $155.00 to $165.00 and gave the company a “market outperform” rating in a research note on Friday, September 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Robinhood Markets from $138.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average target price of $133.71.
Read Our Latest Report on Robinhood Markets
Robinhood Markets Price Performance
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating 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 analyst estimates of $1.29 billion. During the same period last year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. Equities analysts expect that Robinhood Markets will post 2.14 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Robinhood Markets news, insider Daniel Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $122.43, for a total value of $1,224,300.00. Following the transaction, the insider directly owned 509,943 shares of the company’s stock, valued at approximately $62,432,321.49. This trade represents a 1.92% 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 Quirk sold 24,416 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total transaction of $2,937,977.28. Following the completion of the transaction, the insider directly owned 77,839 shares in the company, valued at approximately $9,366,366.87. The trade was a 23.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 704,658 shares of company stock valued at $84,183,918 over the last three months. 13.48% of the stock is owned by insiders.
Institutional Investors Weigh In On Robinhood Markets
A number of institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in Robinhood Markets by 2.7% in the fourth quarter. State Street Corp now owns 33,121,452 shares of the company’s stock valued at $3,746,036,000 after buying an additional 875,297 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Robinhood Markets by 10.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock valued at $472,141,000 after acquiring an additional 632,403 shares during the last quarter. Amundi increased its stake in shares of Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after acquiring an additional 3,007,103 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at approximately $379,695,000. Finally, Amova Asset Management Americas Inc. raised its position in shares of Robinhood Markets by 15.0% in the 1st 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 period. 93.27% of the stock is owned by institutional investors and hedge funds.
More Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Barclays raised its price target for Robinhood to $132 from $105 and maintained an Overweight rating, citing potential upside from current levels. HOOD Stock Falls Despite Barclays’ Price Target Hike And Robinhood’s $25M BTC Purchase
- Positive Sentiment: Robinhood said it purchased approximately $25 million of bitcoin for its own balance sheet. Management described the move as a way to align more closely with the crypto community, although the amount is relatively small compared with the company’s size. Robinhood Puts $25 Million of Bitcoin on Its Balance Sheet
- Neutral Sentiment: Robinhood’s customer crypto holdings—reported separately as a much larger crypto “pile”—belong to customers rather than the company’s treasury. This limits direct balance-sheet exposure to crypto-price swings but also means customer assets should not be treated as corporate investments. Robinhood’s $25 billion crypto pile belongs to customers, not its treasury
- Negative Sentiment: Crypto-market weakness is the primary near-term headwind. Bitcoin and related stocks are declining amid a broader “perfect storm” for digital assets, which can hurt Robinhood’s trading activity, transaction revenue and investor sentiment. Coinbase, Robinhood Stocks Fall. The Crypto Rally Is Facing a Perfect Storm.
- Negative Sentiment: Robinhood declined alongside online-broker peers after a House panel labeled Webull’s China ties a national-security risk, creating sector-wide regulatory and geopolitical concern despite Robinhood having different ownership and operating ties. Webull Sinks 29% as House Panel Calls Its China Ties a National Security Risk
- Negative Sentiment: Two former Robinhood engineers were charged by the Justice Department over alleged crypto-derivatives trading based on confidential token-listing information, adding reputational and compliance concerns. DOJ Charges Two Former Robinhood Engineers
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.
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