Robinhood Markets (NASDAQ:HOOD) Given “Overweight” Rating at Cantor Fitzgerald

Robinhood Markets (NASDAQ:HOOD)‘s stock had its “overweight” rating reaffirmed by investment analysts at Cantor Fitzgerald in a report issued on Monday,Benzinga reports. They currently have a $130.00 price target on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 56.97% from the company’s current price.

A number of other equities analysts have also commented on the stock. Mizuho raised their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Argus began coverage on Robinhood Markets in a research note on Friday, January 9th. They issued a “buy” rating and a $145.00 price objective on the stock. Loop Capital set a $152.00 price objective on shares of Robinhood Markets in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Robinhood Markets in a report on Monday, December 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Robinhood Markets in a research report on Monday, January 5th. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.82.

Robinhood Markets Trading Up 14.0%

Robinhood Markets stock opened at $82.82 on Monday. The company’s 50-day moving average price is $113.99 and its two-hundred day moving average price is $119.21. The stock has a market cap of $74.47 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 1.30 and a beta of 2.44. Robinhood Markets has a 52 week low of $29.66 and a 52 week high of $153.86.

Insider Transactions at Robinhood Markets

In other news, Director Baiju Bhatt sold 418,338 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $116.56, for a total value of $48,761,477.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $121.63, for a total value of $45,611,250.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,537,615 shares of company stock worth $182,272,702. Insiders own 19.95% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors and hedge funds have recently modified their holdings of HOOD. Vanguard Group Inc. raised its stake in Robinhood Markets by 1.4% in the fourth 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 in the last quarter. State Street Corp increased its position in Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after purchasing an additional 16,375,734 shares in the last quarter. Geode Capital Management LLC boosted its position in Robinhood Markets by 4.0% in the second quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock valued at $1,233,840,000 after buying an additional 507,926 shares in the last quarter. WCM Investment Management LLC grew its position in Robinhood Markets by 3,615.7% during the 2nd quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock worth $1,081,910,000 after acquiring an additional 11,244,182 shares during the last quarter. Finally, Norges Bank bought a new position in Robinhood Markets in the second quarter valued at about $973,122,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Wolfe Research upgraded HOOD from “peer perform” to “outperform” and set a $125 price target (~50.9% upside versus the recent open), which supports upside expectations and may attract buying interest.
• Positive Sentiment: Robinhood reported Dogecoin inflows as ARK Invest builds a long-term position — higher crypto trading flows could boost platform revenue and offset some crypto weakness. Robinhood Sees Dogecoin Inflows As Ark Invest Builds Long Term Position
• Positive Sentiment: Robinhood expanded into the U.K. ISA market (stocks & shares ISA), a tangible international growth initiative that could broaden user acquisition and long-term revenue opportunities. Here’s What Robinhood’s (HOOD) Entry Into UK’s ISA Market Means For The Stock
• Neutral Sentiment: Truist cut its price target to $130 (from $155) but maintained a Buy rating — the lower PT reflects near-term crypto headwinds, yet the PT remains above current levels, so the change is mixed for sentiment. Truist Financial Cuts Robinhood Markets (NASDAQ:HOOD) Price Target to $130.00
• Neutral Sentiment: Analyst/market speculation about what management will say on the next earnings call keeps focus on guidance and crypto revenue sensitivity — prospective commentary could swing short-term moves but is currently just speculative. What will Robinhood say during their next earnings call?
• Negative Sentiment: Insider selling filings showed executives/officers sold sizable stakes (one filing ~ $870.7K, another ~ $4.61M), which can pressure sentiment and prompt short-term selling. Insider Selling: Robinhood Markets (NASDAQ:HOOD) Insider Sells $870,700.00 in Stock Insider Selling: Robinhood Markets (NASDAQ:HOOD) Insider Sells $4,613,537.40 in Stock
• Negative Sentiment: Broad crypto weakness — coverage noting a sharp decline in Bitcoin (reports citing falls toward ~$60K) — reduces crypto trading volumes and fee revenue risk for Robinhood, a key near-term headwind. Robinhood Of Crypto Market Crashes Hysterically! Bitcoin Halves To $60K From Peak

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.