Robinhood Markets (NASDAQ:HOOD) Director Baiju Bhatt Sells 43,373 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 43,373 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $114.28, for a total value of $4,956,666.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Baiju Bhatt also recently made the following trade(s):

• On Friday, August 14th, Baiju Bhatt sold 50,317 shares of Robinhood Markets stock. The shares were sold at an average price of $96.80, for a total transaction of $4,870,685.60.
• On Friday, July 24th, Baiju Bhatt sold 49,223 shares of Robinhood Markets stock. The shares were sold at an average price of $95.09, for a total transaction of $4,680,615.07.

Robinhood Markets Trading Up 1.6%

Shares of Robinhood Markets stock traded up $1.76 during trading on Monday, hitting $114.33. The stock had a trading volume of 16,878,065 shares, compared to its average volume of 27,657,229. The firm’s fifty day simple moving average is $103.62 and its 200-day simple moving average is $89.80. The stock has a market cap of $102.79 billion, a PE ratio of 50.37, a PEG ratio of 2.30 and a beta of 2.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued 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 company 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 firm posted $0.42 EPS. The firm’s revenue was up 32.5% compared to the same quarter last year. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 2.11 EPS for the current fiscal year.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Deutsche Bank raised its price target to $138 from $136 and upgraded Robinhood to “buy,” implying roughly 21% upside from the referenced share price. The upgrade reinforces confidence in Robinhood’s growth prospects and may support investor sentiment.
• Positive Sentiment: Robinhood and Crypto.com are asking the U.S. Supreme Court to clarify the legal framework for prediction markets. A favorable ruling could provide regulatory certainty and help Robinhood expand event-contract offerings, a potentially important new revenue channel. Crypto.com, Robinhood Ask SCOTUS Ruling on Prediction Markets
• Positive Sentiment: Robinhood’s multiyear partnership with Crypto.com expands its prediction-market strategy. The arrangement allows selected event contracts to use OG.com’s CFTC-regulated exchange and clearing infrastructure, while Robinhood receives equity stakes in Crypto.com and OG.com. Robinhood Expands Prediction Markets With Crypto.com Partnership
• Positive Sentiment: CEO Vlad Tenev defended Robinhood’s stock-tokenization initiative amid criticism from AMC’s CEO, arguing that investors globally should have access to high-quality financial assets. Successful tokenization could broaden Robinhood’s addressable market and strengthen its blockchain platform. Robinhood CEO Responds to AMC Chief on Stock Tokenization
• Neutral Sentiment: August operating metrics were mixed: customer counts, assets and equity balances grew strongly, but transaction-based activity remained uneven. This supports longer-term platform growth while highlighting sensitivity to trading volumes and market conditions. HOOD’s August Metrics Strong Amid Mixed Trading Trends
• Negative Sentiment: Robinhood’s August crypto volume rose 61% sequentially but remained 38% below the prior year, signaling that crypto-related transaction revenue may still face year-over-year pressure. Robinhood Crypto Volume Rises 61% in August but Remains Below Last Year

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Loop Capital set a $142.00 price target on Robinhood Markets in a report on Tuesday, September 8th. Jefferies Financial Group upped their price objective on Robinhood Markets from $127.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, June 24th. Wall Street Zen upgraded Robinhood Markets from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Zacks Research raised shares of Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Two investment analysts have 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 data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $130.88.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HOOD. CYBER HORNET ETFs LLC grew its position in shares of Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after buying an additional 190 shares in the last quarter. MV Capital Management Inc. purchased a new stake in Robinhood Markets in the fourth quarter worth about $27,000. Elyxium Wealth LLC purchased a new stake in Robinhood Markets in the fourth quarter worth about $27,000. C M Bidwell & Associates Ltd. bought a new position in Robinhood Markets during the 2nd quarter worth about $27,000. Finally, SHP Wealth Management bought a new position in Robinhood Markets during the 4th quarter worth about $32,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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.