Robinhood Markets (NASDAQ:HOOD) Coverage Initiated at Scotiabank

Equities researchers at Scotiabank started coverage on shares of Robinhood Markets (NASDAQ:HOOD) in a report released on Wednesday, Briefing.com reports. The firm set a “sector outperform” rating on the stock.

A number of other analysts also recently issued reports on HOOD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a report on Wednesday, June 24th. Wall Street Zen upgraded Robinhood Markets from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. Sanford C. Bernstein upped their price target on Robinhood Markets from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, July 20th. The Goldman Sachs Group dropped their price target on shares of Robinhood Markets from $137.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Morgan Stanley raised shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $124.00 to $150.00 in a report on Tuesday. Twenty-three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.09.

Robinhood Markets Stock Down 1.2%

HOOD stock opened at $103.51 on Wednesday. The company’s 50 day moving average price is $101.44 and its 200 day moving average price is $87.42. The firm has a market capitalization of $93.06 billion, a price-to-earnings ratio of 45.60, a PEG ratio of 1.91 and a beta of 2.34. Robinhood Markets has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. On average, equities research analysts anticipate that Robinhood Markets will post 2.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Shiv Verma sold 3,982 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $95.07, for a total value of $378,568.74. Following the completion of the sale, the chief financial officer directly owned 51,963 shares of the company’s stock, valued at $4,940,122.41. This represents a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 50,317 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $96.80, for a total value of $4,870,685.60. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 591,867 shares of company stock worth $64,907,806. Corporate insiders own 13.48% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC boosted its stake in 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 purchasing an additional 190 shares during the period. MV Capital Management Inc. acquired a new position in Robinhood Markets in the fourth quarter valued at $27,000. Swiss RE Ltd. purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at about $27,000. Finally, Ankerstar Wealth LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at about $30,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Morgan Stanley upgraded HOOD to Overweight and raised its price target to $150 from $124, implying approximately 43% upside from the prior close. Analyst Michael Cyprys cited Robinhood’s long growth runway and improving evidence that revenue can expand beyond traditional trading. Morgan Stanley Upgrades HOOD, Cites Prediction Markets for $150 Target
• Positive Sentiment: Prediction markets were identified as an underappreciated growth driver. Morgan Stanley believes Robinhood can generate more revenue and engagement from event contracts, while expanded offerings such as Robinhood Chain, Stock Tokens and Robinhood Earn could broaden its digital-asset ecosystem. There’s an Underappreciated Growth Driver for Robinhood, Morgan Stanley Says
• Positive Sentiment: Recent operating initiatives are adding to the bullish narrative. Robinhood highlighted a new product teaser, wider Agentic Trading availability and growth in banking assets; Robinhood Chain also recorded $874.8 million in decentralized-exchange volume on August 30. Robinhood Chain Hits Record $874.8 Million Volume
• Neutral Sentiment: The Morgan Stanley call follows Bernstein’s recent $160 price target, creating a favorable analyst backdrop. However, HOOD already trades at a relatively high valuation, with a P/E ratio above 45, making continued execution important.
• Negative Sentiment: Broader market conditions remain a potential headwind: rising bond yields are pressuring risk assets, and Bitcoin and other crypto-related stocks have weakened. Robinhood’s ability to outperform despite that weakness underscores the benefit of its non-crypto growth initiatives but does not eliminate market sensitivity. SoFi and Affirm Decline as Yields Rise

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.