Robinhood Markets (NASDAQ:HOOD) Trading Up 7.1% After Analyst Upgrade

Robinhood Markets, Inc. (NASDAQ:HOOD)’s share price traded up 7.1% during mid-day trading on Tuesday after Needham & Company LLC raised their price target on the stock from $97.00 to $123.00. Needham & Company LLC currently has a buy rating on the stock. Robinhood Markets traded as high as $108.21 and last traded at $106.36. 19,350,362 shares changed hands during trading, a decline of 35% from the average daily volume of 29,718,475 shares. The stock had previously closed at $99.28.

A number of other research firms have also issued reports on HOOD. The Goldman Sachs Group lifted their target price on shares of Robinhood Markets from $121.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $110.00 target price on shares of Robinhood Markets in a research report on Tuesday, June 9th. BTIG Research reiterated a “buy” rating and set a $125.00 price target on shares of Robinhood Markets in a research note on Thursday, July 2nd. Zacks Research raised shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Morgan Stanley boosted their price target on shares of Robinhood Markets from $95.00 to $124.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.13.

Insider Buying and Selling

In other news, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $116.17, for a total value of $43,563,750.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at approximately $43,563,750. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Johnson Treseder sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $117.50, for a total value of $440,625.00. Following the transaction, the director owned 72,442 shares of the company’s stock, valued at $8,511,935. This trade represents a 4.92% decrease in their position. 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 90 days, insiders purchased 680,000 shares of company stock worth $55,306,560 and sold 587,875 shares worth $62,602,915. 13.48% of the stock is currently owned by company insiders.

Robinhood Markets News Summary

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

• Positive Sentiment: Needham raised its price target on Robinhood to $123 from $97 and kept a buy rating, signaling confidence in further upside for the stock. Benzinga report on Needham price target hike
• Positive Sentiment: Bernstein boosted its target to $160 from $130 and reiterated an outperform rating, arguing Robinhood could benefit from a broader shift in retail trading and from prediction markets becoming a major business line. Benzinga report on Bernstein price target hike
• Positive Sentiment: Coverage highlighted rapid early traction for Robinhood Chain, including more than $450 million in total value locked shortly after launch, reinforcing optimism around the company’s crypto strategy and 24/7 trading ambitions. Yahoo Finance video on Robinhood Chain
• Neutral Sentiment: Several articles compared Robinhood with other brokerage and trading names such as Charles Schwab and Interactive Brokers, but these were more sector context than company-specific catalysts. Charles Schwab earnings article
• Neutral Sentiment: One options-focused piece suggested traders could hedge for weakness ahead of Robinhood’s upcoming earnings, reflecting caution rather than a clear fundamental negative. Investors.com options article

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings 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 buying an additional 16,375,734 shares in the last quarter. Norges Bank acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at $1,202,160,000. Amundi raised its position in shares of Robinhood Markets by 89.0% during the first quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after acquiring an additional 3,007,103 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Robinhood Markets by 5,221.4% during the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock worth $289,519,000 after acquiring an additional 2,511,743 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Robinhood Markets by 95.7% during the fourth quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock valued at $499,001,000 after acquiring an additional 2,157,372 shares during the period. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

The firm has a 50 day moving average price of $94.63 and a 200-day moving average price of $88.77. The firm has a market cap of $95.78 billion, a price-to-earnings ratio of 51.38, a price-to-earnings-growth ratio of 2.11 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 1.86 EPS for the current fiscal 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.