The Goldman Sachs Group Boosts Robinhood Markets (NASDAQ:HOOD) Price Target to $137.00

Robinhood Markets (NASDAQ:HOOD) had its price objective raised by analysts at The Goldman Sachs Group from $121.00 to $137.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 28.08% from the stock’s previous close.

A number of other equities analysts have also recently commented on HOOD. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Truist Financial decreased their price target on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Needham & Company LLC raised their price objective on shares of Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Piper Sandler restated an “overweight” rating on shares of Robinhood Markets in a research note on Thursday, July 2nd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.70.

Robinhood Markets Trading Down 7.4%

Shares of Robinhood Markets stock traded down $8.58 on Thursday, hitting $106.96. The stock had a trading volume of 16,429,925 shares, compared to its average volume of 29,820,342. The stock has a market cap of $96.32 billion, a price-to-earnings ratio of 51.63, a P/E/G ratio of 2.38 and a beta of 2.33. Robinhood Markets has a 52-week low of $63.51 and a 52-week high of $153.86. The company’s 50 day moving average price is $93.21 and its 200 day moving average price is $89.10.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm earned $0.37 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Analysts predict that Robinhood Markets will post 1.88 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Meyer Malka bought 250,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $80.74 per share, with a total value of $20,185,000.00. Following the completion of the acquisition, the director owned 3,924,427 shares in the company, valued at approximately $316,858,235.98. This represents a 6.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Baiju Bhatt sold 67,422 shares of Robinhood Markets 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have bought 680,000 shares of company stock worth $55,306,560 and have sold 587,875 shares worth $62,602,915. 13.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC increased its position in shares of Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC raised its stake in shares of 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 buying an additional 190 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of Robinhood Markets in the 4th quarter worth about $27,000. MV Capital Management Inc. purchased a new stake in shares of Robinhood Markets in the 4th quarter worth about $27,000. Finally, Swiss RE Ltd. acquired a new stake in Robinhood Markets in the 4th quarter valued at about $27,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood’s prediction markets business is seeing surging volumes, which could add another growth driver and improve future earnings expectations. Why Robinhood Could See a Prediction Markets Earnings Boost
• Positive Sentiment: Robinhood launched a new blockchain and is pushing further into crypto infrastructure, reinforcing its position in digital assets and tokenized finance. Robinhood Just Launched a New Blockchain. Here’s Why Investors Should Care.
• Positive Sentiment: Compass Point raised its price target on Robinhood and kept a Buy rating, signaling continued analyst confidence in the stock’s upside. Compass Point Raises Robinhood (HOOD) Price Target, Keeps Buy Rating
• Positive Sentiment: Robinhood’s broader platform expansion and product ecosystem were highlighted as a strength versus peers, supporting the case for long-term market share gains. Robinhood vs. StoneX: Which Brokerage Stock is the Better Buy?
• Neutral Sentiment: Robinhood was included in a Zacks roundup of crypto and blockchain stocks benefiting from broader digital-asset adoption, which is supportive but not a direct catalyst. Top 3 Crypto & Blockchain Stocks Powering the Future of Finance
• Neutral Sentiment: Robinhood stock has also been noted as recovering after recent weakness, but that commentary is more descriptive than fundamental. Should You Buy Robinhood Stock Before July 29?
• Negative Sentiment: One risk highlighted by analysts is that memecoin-driven activity on Robinhood Chain could create volatility and potentially complicate the company’s longer-term tokenized stock ambitions. Artemis Warns Robinhood Chain’s Biggest Success May Also Be Its Greatest Risk

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.