Meyer Malka Buys 249,000 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka purchased 249,000 shares of Robinhood Markets stock in a transaction dated Thursday, May 28th. The stock was acquired at an average price of $80.39 per share, for a total transaction of $20,017,110.00. Following the completion of the transaction, the director owned 3,493,427 shares in the company, valued at approximately $280,836,596.53. The trade was a 7.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $88.16 on Wednesday. The firm has a market capitalization of $79.39 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 2.79 and a beta of 2.35. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86. The company has a 50-day simple moving average of $76.96 and a 200-day simple moving average of $93.93.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business earned $0.37 EPS. The business’s revenue was up 15.1% on a year-over-year basis. Equities analysts forecast that Robinhood Markets, Inc. will post 1.85 earnings per share for the current year.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its stake in shares of Robinhood Markets by 46.7% during the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after acquiring an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Robinhood Markets in the second quarter worth approximately $5,105,000. Federated Hermes Inc. lifted its position in Robinhood Markets by 106.2% in the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock worth $5,988,000 after purchasing an additional 32,933 shares during the period. NewEdge Advisors LLC boosted its stake in Robinhood Markets by 19.1% during the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock valued at $8,396,000 after purchasing an additional 14,356 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in Robinhood Markets during the 2nd quarter valued at $1,316,000. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HOOD. Mizuho upped their price objective on Robinhood Markets from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. KeyCorp reiterated an “overweight” rating and issued a $100.00 target price on shares of Robinhood Markets in a research note on Monday. Zacks Research lowered shares of Robinhood Markets from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Truist Financial cut their price objective on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Nineteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.96.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood completed its acquisition of WonderFi, giving it immediate entry into the Canadian crypto market and expanding its international reach through Bitbuy and Coinsquare. Robinhood Completes Acquisition of WonderFi
• Positive Sentiment: Director Meyer Malka bought 249,000 shares, a notable insider purchase that signals confidence in Robinhood’s outlook. SEC filing
• Positive Sentiment: KeyCorp reaffirmed an Overweight rating and a $100 price target, reinforcing the view that Wall Street still sees upside. Benzinga report on KeyCorp rating
• Neutral Sentiment: Robinhood’s new AI-powered trading, banking, and credit card tools are drawing interest, but some coverage suggests these launches may not be enough on their own to move the stock. Robinhood Markets (HOOD) Is Up 28.1% After Launching Agentic AI Trading And Credit Card Tools
• Neutral Sentiment: The Supreme Court is asking for the Solicitor General’s view on Robinhood’s appeal in an IPO-related lawsuit, keeping legal uncertainty in the background. Supreme Court Seeks Solicitor General’s View of Robinhood’s Appeal of Alleged IPO Omissions
• Negative Sentiment: Binance’s rollout of U.S. stock and ETF trading adds a new well-funded competitor in Robinhood’s core brokerage-adjacent territory, increasing competitive pressure. Crypto exchange Binance rolls out trading in US stocks, ETFs
• Negative Sentiment: Robinhood’s latest earnings showed a slight EPS and revenue miss, and its crypto revenue has been under pressure, which may temper enthusiasm around the growth story. Zacks WonderFi Buyout and Crypto Growth Story

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.