Robinhood Markets, Inc. (NASDAQ:HOOD) Stock Has Consensus Target Price of $129.66

Robinhood Markets, Inc. (NASDAQ:HOOD) has received an average recommendation of “Moderate Buy” from the thirty-five ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, twenty-seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $130.29.

HOOD has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Robinhood Markets from $138.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Benchmark upgraded shares of Robinhood Markets to a “strong-buy” rating in a report on Wednesday, September 9th. CICC Research raised their price target on shares of Robinhood Markets from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Piper Sandler reiterated an “overweight” rating and set a $145.00 price target (up from $135.00) on shares of Robinhood Markets in a research note on Wednesday, September 2nd. Finally, Evercore initiated coverage on Robinhood Markets in a report on Monday, October 12th. They set an “outperform” rating and a $130.00 price objective for the company.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 50,912 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $101.40, for a total transaction of $5,162,476.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 11,472 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total value of $1,266,738.24. Following the transaction, the chief financial officer owned 56,858 shares in the company, valued at approximately $6,278,260.36. This trade represents a 16.79% decrease in their ownership of the stock. 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 have sold 1,091,347 shares of company stock valued at $128,447,880 over the last 90 days. Corporate insiders own 13.48% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently added to or reduced their stakes in HOOD. Apollon Wealth Management LLC grew its position in shares of Robinhood Markets by 7.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 8,266 shares of the company’s stock worth $930,000 after buying an additional 585 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Robinhood Markets by 54.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 13,652 shares of the company’s stock valued at $1,536,000 after buying an additional 4,791 shares during the period. EULAV Asset Management increased its stake in shares of Robinhood Markets by 47.9% during the third quarter. EULAV Asset Management now owns 325,342 shares of the company’s stock valued at $36,601,000 after buying an additional 105,342 shares during the period. Radnor Capital Management LLC bought a new position in shares of Robinhood Markets during the third quarter valued at approximately $248,000. Finally, MN Wealth Advisors LLC raised its holdings in shares of Robinhood Markets by 37.4% during the third quarter. MN Wealth Advisors LLC now owns 3,049 shares of the company’s stock valued at $343,000 after acquiring an additional 830 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $95.07 on Friday. The company has a fifty day simple moving average of $109.40 and a 200 day simple moving average of $97.21. Robinhood Markets has a 12-month low of $63.51 and a 12-month high of $150.47. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The company has a market cap of $85.48 billion, a P/E ratio of 41.88, a PEG ratio of 1.89 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $0.42 EPS. Robinhood Markets’s quarterly revenue was up 32.5% on a year-over-year basis. Sell-side analysts predict that Robinhood Markets will post 2.19 earnings per share for the current fiscal year.

Key Robinhood Markets News

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

• Positive Sentiment: Analyst support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
• Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
• Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
• Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
• Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
• Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
• Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.