Robinhood Markets (NASDAQ:HOOD) Earns Market Outperform Rating from Citizens Jmp

Robinhood Markets (NASDAQ:HOOD)‘s stock had its “market outperform” rating reiterated by analysts at Citizens Jmp in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $155.00 target price on the stock. Citizens Jmp’s target price would indicate a potential upside of 79.07% from the company’s previous close.

A number of other analysts have also commented on HOOD. BTIG Research reaffirmed a “buy” rating and set a $125.00 price objective on shares of Robinhood Markets in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Robinhood Markets from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. KeyCorp boosted their target price on shares of Robinhood Markets from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $110.00 price target on shares of Robinhood Markets in a report on Tuesday, June 9th. Finally, Barclays dropped their price target on Robinhood Markets from $122.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday. 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.30.

Robinhood Markets Stock Down 0.0%

HOOD stock opened at $86.56 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $77.95 billion, a PE ratio of 38.13, a P/E/G ratio of 1.72 and a beta of 2.33. Robinhood Markets has a 12 month low of $63.51 and a 12 month high of $153.86. The firm has a 50 day simple moving average of $98.02 and a 200 day simple moving average of $87.63.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The business 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 EPS. The company’s revenue was up 32.5% compared to the same quarter last year. Equities research analysts forecast that Robinhood Markets will post 1.98 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, Director Oluwadara Johnson Treseder sold 3,750 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $117.50, for a total transaction of $440,625.00. Following the completion of the sale, the director owned 72,442 shares in the company, valued at approximately $8,511,935. This represents a 4.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 49,223 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $95.09, for a total value of $4,680,615.07. 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 three months, insiders purchased 680,000 shares of company stock valued at $55,306,560 and sold 631,263 shares valued at $66,793,857. Company insiders own 13.48% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HOOD. Vanguard Group Inc. boosted its holdings in Robinhood Markets by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after purchasing an additional 1,334,443 shares during the period. State Street Corp raised its holdings in Robinhood Markets by 2.7% in the 4th quarter. State Street Corp now owns 33,121,452 shares of the company’s stock valued at $3,746,036,000 after acquiring an additional 875,297 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Robinhood Markets by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock worth $2,386,944,000 after acquiring an additional 356,902 shares during the period. Morgan Stanley increased its position in shares of Robinhood Markets by 23.9% during the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock valued at $1,208,335,000 after purchasing an additional 2,061,832 shares during the period. Finally, Norges Bank bought a new position in Robinhood Markets in the fourth quarter worth $1,202,160,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Q2 earnings beat expectations: Robinhood reported adjusted earnings of $0.62 per share versus the $0.44 consensus estimate, while revenue rose 32.5% year over year to a record $1.31 billion, slightly above expectations. Robinhood Markets Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Business diversification accelerated: Prediction-market revenue reached $156 million, overtaking crypto revenue of $100 million. Management called event markets the company’s fastest-growing business, reducing HOOD’s reliance on cryptocurrency activity. Robinhood Beats Estimates as Prediction Markets Overtake Crypto
• Positive Sentiment: Customer and platform growth remained strong: Robinhood added nearly 1 million funded customers during the quarter—its largest increase in almost five years—and reported record trading volumes, platform assets and Gold subscribers. A reported boost from the anticipated SpaceX IPO also supported account growth. SpaceX IPO Helped Robinhood Add Nearly 1 Million Customers
• Positive Sentiment: Analysts still see substantial upside: Bernstein raised its price target to $160 and cited prediction markets as a potential growth driver, while Citizens JMP maintained an outperform rating with a $155 target. Bernstein Raised Robinhood Price Target
• Neutral Sentiment: CEO Vlad Tenev said the administration is crypto-friendly but argued that clearer, durable U.S. regulation is needed to prevent policy uncertainty from changing every four years. Robinhood CEO Discusses Crypto Regulation
• Negative Sentiment: Crypto weakness and valuation concerns pressured the stock: Crypto revenue fell 38% year over year, while investors questioned the sustainability of a one-time accounting benefit and rising expenses. Analysts also cited a meaningful slowdown in new accounts during July; Barclays cut its target to $105, and Goldman Sachs lowered its target to $118 while retaining a buy rating. HOOD Q2 Earnings Beat but Stock Dips

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.