Robinhood Markets (NASDAQ:HOOD) Research Coverage Started at Evercore

Evercore assumed coverage on shares of Robinhood Markets (NASDAQ:HOOD) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $130.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. Bank of America upped their price objective on Robinhood Markets from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Benchmark raised shares of Robinhood Markets to a “strong-buy” rating in a research note on Wednesday, September 9th. Argus boosted their target price on shares of Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. China Renaissance started coverage on shares of Robinhood Markets in a report on Tuesday, July 7th. They set a “buy” rating and a $156.80 target price on the stock. Finally, Wells Fargo & Company initiated coverage on shares of Robinhood Markets in a research report on Friday, October 2nd. They set an “equal weight” rating and a $125.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.66.

Robinhood Markets Stock Performance

HOOD opened at $101.08 on Monday. Robinhood Markets has a 52-week low of $63.51 and a 52-week high of $150.47. The firm has a market capitalization of $90.88 billion, a PE ratio of 44.53, a PEG ratio of 2.15 and a beta of 2.35. 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 business’s 50-day simple moving average is $108.83 and its 200 day simple moving average is $95.90.

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. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, sell-side analysts expect that Robinhood Markets will post 2.16 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Shiv Verma sold 11,472 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the transaction, the chief financial officer directly owned 56,858 shares of the company’s stock, valued at approximately $6,278,260.36. The trade was a 16.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 24,416 shares of the stock in a transaction 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 sale, the insider owned 77,839 shares in the company, valued at approximately $9,366,366.87. This trade represents a 23.88% 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. Over the last quarter, insiders have sold 1,089,658 shares of company stock valued at $127,966,018. 13.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division bought a new position in shares of Robinhood Markets during the third quarter worth approximately $678,000. Eastern Bank lifted its holdings in Robinhood Markets by 13.3% during the 3rd quarter. Eastern Bank now owns 1,700 shares of the company’s stock worth $191,000 after purchasing an additional 200 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Robinhood Markets by 14.8% during the 2nd quarter. QRG Capital Management Inc. now owns 180,595 shares of the company’s stock worth $18,110,000 after purchasing an additional 23,253 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Robinhood Markets by 31.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,529 shares of the company’s stock valued at $1,557,000 after purchasing an additional 3,738 shares during the period. Finally, Capstone Financial Advisors Inc. boosted its stake in Robinhood Markets by 17.5% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,569 shares of the company’s stock valued at $358,000 after purchasing an additional 532 shares during the period. 93.27% of the stock is owned by institutional investors.

More Robinhood Markets News

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

• Positive Sentiment: The SEC approved Cboe’s KPI options, with Robinhood expected to support the retail launch. The approval could broaden Robinhood’s trading offerings and increase customer engagement. SEC approves Cboe’s KPI options with Robinhood
• Positive Sentiment: Robinhood opened its social-trading network to all eligible U.S. customers, expanding a feature that may improve user retention, trading activity and customer acquisition. Robinhood Lets All Eligible US Customers Share Their Trades and Portfolios
• Positive Sentiment: Evercore initiated coverage with an outperform rating and a $130 price target, while Truist raised its target to $134 and maintained a buy rating. These targets imply substantial upside from current levels and reflect improving earnings expectations. Evercore initiates coverage of Robinhood Markets
• Positive Sentiment: Robinhood’s IRA incentives could help attract older and wealthier investors, supporting asset-gathering and recurring account growth. The company has also reported $15 billion of stock-token trading in the first 100 days of its blockchain, highlighting potential digital-asset momentum. A Robinhood IRA perk may win over older, wealthier investors
• Neutral Sentiment: Wells Fargo lowered its price target from $125 to $120 and kept an equal-weight rating. The revised target still indicates upside, but the action signals limited conviction relative to the more bullish analyst calls.
• Negative Sentiment: Rising long-term interest rates pressured fintech stocks broadly, including Robinhood, SoFi and Affirm. Higher yields can weigh on growth-stock valuations and investor risk appetite.
• Negative Sentiment: Robinhood has underperformed a major rival and the broader market this year, prompting investor concerns that company-specific issues—not just market conditions—may be responsible for the weakness. The stock’s elevated valuation and high beta make it particularly sensitive to risk-off trading. Robinhood is now down 11% this year

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) operates a financial services platform designed to provide investing and trading products through mobile applications and a website. Its offerings include commission-free trading in stocks and exchange-traded funds, options trading, cryptocurrency services, margin investing, and retirement accounts. The company also provides cash management features and other tools intended to help customers manage and invest their money.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood gained prominence by expanding access to investing through a low-cost, easy-to-use digital platform.