Robinhood Markets, Inc. (NASDAQ:HOOD) Stock Has Consensus Price Target of $129.66

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have been given an average rating of “Moderate Buy” by the thirty-five research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $130.29.

Several brokerages have issued reports on HOOD. Benchmark upgraded Robinhood Markets to a “strong-buy” rating in a research note on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Robinhood Markets from $138.00 to $134.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Zacks Research upgraded shares of Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Rosenblatt Securities began coverage on shares of Robinhood Markets in a research report on Wednesday. They set a “buy” rating and a $135.00 target price for the company. Finally, Compass Point boosted their price target on shares of Robinhood Markets from $126.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd.

Robinhood Markets Stock Down 5.2%

HOOD stock opened at $96.58 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. Robinhood Markets has a fifty-two week low of $63.51 and a fifty-two week high of $150.47. The stock’s 50 day simple moving average is $109.41 and its 200 day simple moving average is $97.22. The company has a market cap of $86.83 billion, a P/E ratio of 42.55, a price-to-earnings-growth ratio of 2.03 and a beta of 2.35.

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, beating analysts’ consensus estimates of $0.44 by $0.18. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. On average, research analysts expect that Robinhood Markets will post 2.19 earnings per share for the current fiscal year.

Robinhood Markets News Roundup

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

• Positive Sentiment: Robinhood received authorization from Dubai’s regulator to offer brokerage and cryptocurrency trading services, with a Middle East launch planned for 2027. The expansion could provide a new source of international users, trading activity and fee revenue. Robinhood Gets Dubai License, Plans 2027 Middle East Launch
• Positive Sentiment: Analyst sentiment remains supportive. Rosenblatt initiated coverage with a Buy rating and a $135 price target, while Needham raised its target to $126 and maintained a Buy rating. Analysts cited Robinhood’s expansion beyond traditional brokerage into crypto, prediction markets, subscriptions and other financial products. Robinhood Markets Price Target Increase
• Positive Sentiment: TradePMR’s integration of ICE Connect Wealth into Robinhood’s Fusion platform strengthens its offering to registered investment advisers and may improve the platform’s appeal in the wealth-management market. ICE Connect Wealth Integrated into TradePMR
• Neutral Sentiment: Investors are looking ahead to the October 27 earnings report. Analysts are focused on whether late-quarter increases in trading activity can offset recent pressure in crypto revenue and support forecasts for continued growth. Robinhood Q3 Earnings Metrics
• Negative Sentiment: Crypto revenue fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. Although activity reportedly improved late in the third quarter, investors may remain concerned that crypto weakness will limit near-term growth. Robinhood Crypto Revenue Outlook
• Negative Sentiment: Competition in tokenized stocks is increasing, with Solana reportedly surpassing Robinhood Chain in tokenized-stock holders, adding pressure to an important emerging-growth initiative. Solana Overtakes Robinhood Chain

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $42,645,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 43,373 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $114.28, for a total transaction of $4,956,666.44. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,040,435 shares of company stock worth $123,285,403. Corporate insiders own 13.48% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. boosted its holdings in shares of Robinhood Markets by 0.4% during the third quarter. Crossmark Global Holdings Inc. now owns 27,405 shares of the company’s stock worth $3,083,000 after purchasing an additional 102 shares during the period. Lake Street Private Wealth LLC increased its stake in shares of Robinhood Markets by 0.3% during the third quarter. Lake Street Private Wealth LLC now owns 43,899 shares of the company’s stock valued at $4,939,000 after buying an additional 114 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Robinhood Markets by 11.9% during the second quarter. Parkside Financial Bank & Trust now owns 1,089 shares of the company’s stock valued at $109,000 after acquiring an additional 116 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Robinhood Markets by 5.4% during the third quarter. Root Financial Partners LLC now owns 2,510 shares of the company’s stock valued at $282,000 after acquiring an additional 129 shares in the last quarter. Finally, Brookstone Capital Management raised its holdings in Robinhood Markets by 2.5% in the 3rd quarter. Brookstone Capital Management now owns 5,230 shares of the company’s stock worth $588,000 after purchasing an additional 129 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Company Profile

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.