Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $116.74 Consensus Price Target from Brokerages

Robinhood Markets, Inc. (NASDAQ:HOOD) has earned an average rating of “Moderate Buy” from the twenty-six analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $118.6957.

A number of research firms have weighed in on HOOD. Needham & Company LLC upped their target price on Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research report on Wednesday, June 24th. Barclays upped their price objective on Robinhood Markets from $82.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, China Renaissance started coverage on Robinhood Markets in a research report on Tuesday, July 7th. They set a “buy” rating on the stock.

Insider Buying and Selling at Robinhood Markets

In other news, Director Paula Loop sold 8,336 shares of Robinhood Markets stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $120.00, for a total value of $1,000,320.00. Following the transaction, the director owned 63,674 shares of the company’s stock, valued at $7,640,880. The trade was a 11.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 19,377 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the transaction, the insider owned 62,612 shares of the company’s stock, valued at approximately $7,510,935.52. This trade represents a 23.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders bought 680,000 shares of company stock valued at $55,306,560 and sold 587,875 shares valued at $62,602,915. Corporate insiders own 13.48% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors have recently bought and sold shares of HOOD. CYBER HORNET ETFs LLC boosted its position in shares of Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. MV Capital Management Inc. acquired a new position in Robinhood Markets during the 4th quarter valued at about $27,000. Swiss RE Ltd. purchased a new stake in Robinhood Markets in the fourth quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in Robinhood Markets in the fourth quarter valued at about $27,000. Finally, Sound Income Strategies LLC boosted its holdings in Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. 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: Goldman Sachs raised its price target on Robinhood Markets (HOOD) to $137 from $121 and reiterated a buy rating, signaling confidence in further upside from current levels. Benzinga Tickerreport.com
• Positive Sentiment: Articles highlighted Robinhood’s growing role in crypto and blockchain, including its new blockchain launch and broader exposure to tokenized finance, which could support long-term revenue growth. Robinhood Just Launched a New Blockchain. Here’s Why Investors Should Care.
• Positive Sentiment: Coverage also pointed to surging prediction-market volumes, with one report suggesting this business line could become a meaningful earnings driver for Robinhood. Why Robinhood Could See a Prediction Markets Earnings Boost
• Positive Sentiment: Several commentary pieces framed Robinhood as an increasingly attractive brokerage and crypto-finance platform versus peers, reinforcing the market’s growth narrative. Robinhood vs. StoneX: Which Brokerage Stock is the Better Buy?
• Neutral Sentiment: Robinhood was included in broader “crypto & blockchain stocks” and analyst-blog roundups, which adds visibility but does not by itself change fundamentals. Top 3 Crypto & Blockchain Stocks Powering the Future of Finance
• Neutral Sentiment: One market note said HOOD “beat” the broader market on the latest session, but the update was mostly descriptive rather than a new catalyst. Robinhood Markets, Inc. (HOOD) Beats Stock Market Upswing: What Investors Need to Know

Robinhood Markets Stock Performance

Shares of HOOD opened at $106.02 on Friday. The company has a 50 day moving average price of $93.81 and a 200-day moving average price of $89.01. Robinhood Markets has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The stock has a market capitalization of $95.47 billion, a PE ratio of 51.22, a PEG ratio of 2.44 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share. Equities research analysts forecast that Robinhood Markets will post 1.86 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.