Robinhood Markets (NASDAQ:HOOD) Stock Price Up 6.8% on Analyst Upgrade

Robinhood Markets, Inc. (NASDAQ:HOOD)’s share price traded up 6.8% on Thursday after Needham & Company LLC raised their price target on the stock from $85.00 to $97.00. Needham & Company LLC currently has a buy rating on the stock. Robinhood Markets traded as high as $93.64 and last traded at $92.23. 38,449,731 shares were traded during trading, an increase of 28% from the average session volume of 29,938,471 shares. The stock had previously closed at $86.36.

Several other research analysts have also recently weighed in on HOOD. Argus cut their price target on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Sanford C. Bernstein restated an “outperform” rating and set a $130.00 price target on shares of Robinhood Markets in a report on Tuesday, April 14th. Zacks Research upgraded shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a report on Monday. KeyCorp restated an “overweight” rating and set a $100.00 price target on shares of Robinhood Markets in a report on Monday, June 1st. Finally, Keefe, Bruyette & Woods cut their price target on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.73.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total value of $836,800.00. Following the sale, the insider owned 481,396 shares of the company’s stock, valued at approximately $40,283,217.28. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 571,602 shares valued at $41,959,746. Insiders own 14.47% of the company’s stock.

Key Robinhood Markets News

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

• Positive Sentiment: Robinhood received approval for its securities business to act as an IPO underwriter, a potentially meaningful expansion that could increase fees and deepen its role in capital markets. Robinhood CEO Says His Company Gets Green Light to Underwrite IPOs
• Positive Sentiment: Needham raised its price target on HOOD to $97 and reiterated a buy rating, reinforcing bullish Wall Street sentiment. Needham raises Robinhood price target
• Positive Sentiment: Analyst coverage and market commentary continue to highlight Robinhood’s prediction-markets business and broader platform expansion as underappreciated growth drivers. HOOD’s IPO Underwriting Approval Strengthens Its Super-App Ambitions
• Positive Sentiment: Director Meyer Malka bought 250,000 shares for about $20.2 million, signaling insider confidence in the stock. Meyer Malka Purchases 250,000 Shares of Robinhood Markets (NASDAQ:HOOD) Stock
• Neutral Sentiment: Robinhood’s May operating data kept investors focused on monthly business trends, but the update did not by itself provide a clear new valuation shock. Robinhood Markets, Inc. Reports May 2026 Operating Data
• Negative Sentiment: Some reports point to weaknesses in Robinhood’s crypto business and earlier bearish coverage, which could weigh on sentiment if growth catalysts lose momentum. Bear of the Day: Robinhood Markets (HOOD)

Institutional Trading of Robinhood Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of HOOD. Sound Income Strategies LLC increased its holdings in Robinhood Markets by 152.6% during the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares during the period. CYBER HORNET ETFs LLC increased its holdings in Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the period. Elyxium Wealth LLC bought a new stake in Robinhood Markets during the 4th quarter worth approximately $27,000. MV Capital Management Inc. bought a new stake in Robinhood Markets during the 4th quarter worth approximately $27,000. Finally, Swiss RE Ltd. bought a new stake in Robinhood Markets during the 4th quarter worth approximately $27,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Up 6.8%

The stock’s fifty day moving average is $79.17 and its two-hundred day moving average is $92.28. The firm has a market cap of $83.05 billion, a P/E ratio of 44.56, a price-to-earnings-growth ratio of 2.09 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the firm earned $0.37 EPS. Robinhood Markets’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts forecast that Robinhood Markets, Inc. will post 1.83 EPS for the current year.

About Robinhood Markets

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.