Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $165.00

Robinhood Markets (NASDAQ:HOOD) had its price objective increased by research analysts at Citizens Jmp from $155.00 to $165.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective indicates a potential upside of 45.59% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, June 24th. Argus raised their price target on Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Robinhood Markets from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Cantor Fitzgerald increased their price objective on shares of Robinhood Markets from $115.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Mizuho raised their target price on shares of Robinhood Markets from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.83.

Robinhood Markets Stock Down 1.7%

HOOD opened at $113.33 on Friday. Robinhood Markets has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $101.89 billion, a P/E ratio of 49.93, a P/E/G ratio of 2.38 and a beta of 2.34. The stock has a fifty day moving average of $103.63 and a 200-day moving average of $89.51.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company posted $0.42 earnings per share. Robinhood Markets’s revenue was up 32.5% compared to the same quarter last year. On average, equities analysts expect that Robinhood Markets will post 2.09 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In related news, insider Steven Quirk sold 24,416 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total value of $2,937,977.28. Following the completion of the transaction, the insider owned 77,839 shares of the company’s stock, valued at $9,366,366.87. This represents a 23.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $90.42, for a total transaction of $904,200.00. Following the completion of the sale, the insider owned 461,396 shares in the company, valued at $41,719,426.32. This represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 570,260 shares of company stock worth $64,115,060 over the last 90 days. 13.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently modified their holdings of the company. CYBER HORNET ETFs LLC boosted its stake in shares of Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Elyxium Wealth LLC bought a new position in Robinhood Markets in the 4th quarter valued at approximately $27,000. MV Capital Management Inc. bought a new position in Robinhood Markets in the 4th quarter valued at approximately $27,000. C M Bidwell & Associates Ltd. acquired a new stake in Robinhood Markets during the 2nd quarter worth approximately $27,000. Finally, Swiss RE Ltd. bought a new stake in Robinhood Markets during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets News Summary

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

• Positive Sentiment: Event-contract growth: Robinhood reported 15-fold year-over-year growth in event contracts, supporting expectations that prediction markets could become a meaningful new revenue stream. Robinhood event-contract growth
• Positive Sentiment: Expansion of prediction markets: Partnerships with Crypto.com and OG.com are intended to broaden Robinhood’s prediction-market access and distribution. The company also released August operating data, giving investors an updated view of platform activity. Robinhood Crypto.com prediction-markets deal Robinhood OG.com partnership
• Positive Sentiment: Higher analyst target: Jefferies raised its price target to $140 from $127 and maintained a Buy rating, signaling continued confidence in Robinhood’s growth prospects. Jefferies raises Robinhood price target
• Positive Sentiment: Investment-banking ambitions: CEO Vlad Tenev said Robinhood aims to expand its underwriting business after the Oura IPO, potentially adding higher-margin fee revenue and increasing its role in future technology IPOs. Robinhood investment-banking ambitions
• Neutral Sentiment: Short-interest data: Reported short interest was zero, providing no meaningful evidence of either substantial bearish positioning or short-squeeze potential.
• Negative Sentiment: Legal and regulatory risk: Robinhood plans to stop offering sports prediction markets in Michigan amid a lawsuit. Separately, its tokenized-stock strategy has drawn criticism from AMC CEO Adam Aron, increasing reputational and regulatory uncertainty. Robinhood Michigan prediction-markets lawsuit Robinhood tokenized-stock dispute
• Negative Sentiment: Insider selling: Director Oluwadara Treseder sold 1,875 shares for $234,375 under a pre-arranged Rule 10b5-1 plan. The sale reduced her holdings by 2.59%, although she retains a substantial stake, limiting the signal’s severity. Robinhood director insider sale

Robinhood Markets Company Profile

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.