Robinhood Markets (NASDAQ:HOOD) Trading Up 6.4% – Time to Buy?

Robinhood Markets, Inc. (NASDAQ:HOOD) rose 6.4% during trading on Tuesday . The company traded as high as $69.41 and last traded at $69.30. Approximately 35,573,033 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 29,484,625 shares. The stock had previously closed at $65.16.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Goldman Sachs flagged Robinhood as one of two crypto-linked stocks to buy after a sector pullback, reinforcing institutional interest in HOOD as a recovery/crypto-exposure play. Goldman Sachs names Robinhood as a buy
• Positive Sentiment: Elon Musk publicly denied reports that retail platforms would be excluded from a potential SpaceX IPO, removing a key uncertainty about HOOD’s ability to participate in a high-profile retail allocation. This clarification likely eased selling pressure. Robinhood’s SpaceX access scare and what it signals
• Neutral Sentiment: Sanford C. Bernstein lowered its price target from $160 to $130 but kept an “outperform” rating — a mixed signal: continued analyst conviction but reduced upside expectations. Bernstein lowers HOOD price target to $130
• Neutral Sentiment: Market headlines and data providers noted recent share weakness and volatility (recent sessions with intraday drops), underscoring that short-term price action remains choppy. Zacks: HOOD registers a bigger fall than the market
• Negative Sentiment: Reports resurfaced that Robinhood may have been cut out of the retail allocation for a potential SpaceX IPO and that Morgan Stanley/E*TRADE could win an underwriting role — news that would reduce a possible future revenue/distribution opportunity for HOOD. Morgan Stanley’s E*TRADE may win SpaceX IPO role Robinhood reportedly cut out of SpaceX IPO
• Negative Sentiment: Analysts and commentators remain cautious: Jim Cramer warned HOOD “still has room to go down,” and an investor letter highlighted softening customer engagement metrics — both reinforce downside risk and the potential for further volatility. Jim Cramer on Robinhood Baron Capital: softening customer engagement

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HOOD shares. Needham & Company LLC reduced their price target on Robinhood Markets from $135.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Morgan Stanley increased their target price on Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a report on Monday, December 22nd. Jefferies Financial Group assumed coverage on shares of Robinhood Markets in a research report on Thursday, March 26th. They set a “buy” rating and a $88.00 target price on the stock. Wall Street Zen lowered shares of Robinhood Markets from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Zacks Research lowered shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Robinhood Markets Stock Performance

The firm has a fifty day moving average price of $81.54 and a 200-day moving average price of $111.05. The company has a market capitalization of $62.39 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 1.49 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 earnings per share. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $121.63, for a total transaction of $45,611,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Quirk sold 52,540 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total value of $4,613,537.40. Following the sale, the insider directly owned 27,564 shares of the company’s stock, valued at approximately $2,420,394.84. This represents a 65.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 469,268 shares of company stock worth $54,409,454 over the last three months. Company insiders own 19.95% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently added to or reduced their stakes in HOOD. North Star Investment Management Corp. increased its stake in shares of Robinhood Markets by 44.9% during the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock worth $37,000 after purchasing an additional 79 shares during the last quarter. First Command Advisory Services Inc. lifted its stake in shares of Robinhood Markets by 33.8% in the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 81 shares during the last quarter. CogentBlue Wealth Advisors LLC boosted its holdings in Robinhood Markets by 3.8% in the third quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after purchasing an additional 87 shares in the last quarter. Evolution Wealth Advisors LLC boosted its holdings in Robinhood Markets by 5.2% in the fourth quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after purchasing an additional 95 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in shares of Robinhood Markets by 5.5% during the 3rd quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock valued at $269,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

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.