Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $150.00

Robinhood Markets (NASDAQ:HOOD) had its price objective upped by Cantor Fitzgerald from $115.00 to $150.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also recently commented on the company. KeyCorp boosted their target price on Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 price target (up from $135.00) on shares of Robinhood Markets in a report on Wednesday, September 2nd. Jefferies Financial Group lifted their price target on Robinhood Markets from $127.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday. Argus lifted their price target on Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Finally, Sanford C. Bernstein boosted their price objective on Robinhood Markets from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.42.

Robinhood Markets Stock Down 1.7%

HOOD opened at $113.33 on Tuesday. The company has a fifty day moving average price of $103.63 and a 200-day moving average price of $89.51. The firm has a market capitalization of $101.89 billion, a P/E ratio of 49.93, a price-to-earnings-growth ratio of 2.38 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 has a one year low of $63.51 and a one year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping 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 firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was up 32.5% on a year-over-year basis. Equities research analysts expect that Robinhood Markets will post 2.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $90.42, for a total transaction of $904,200.00. Following the completion of the sale, the insider owned 461,396 shares of the company’s stock, valued at $41,719,426.32. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula Loop sold 8,336 shares of Robinhood Markets stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $120.00, for a total value of $1,000,320.00. Following the sale, the director directly owned 63,674 shares of the company’s stock, valued at approximately $7,640,880. This trade represents a 11.58% 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. Insiders sold 570,260 shares of company stock valued at $64,115,060 in the last three months. 13.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors have recently modified their holdings of HOOD. CYBER HORNET ETFs LLC boosted its stake in Robinhood Markets by 527.8% in the fourth 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. Elyxium Wealth LLC bought a new position in Robinhood Markets during the fourth quarter valued at approximately $27,000. MV Capital Management Inc. purchased a new position in shares of Robinhood Markets during the fourth quarter worth approximately $27,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Robinhood Markets during the second quarter worth approximately $27,000. Finally, Swiss RE Ltd. bought a new stake in shares of Robinhood Markets in the 4th quarter worth approximately $27,000. 93.27% of the stock is currently owned by institutional investors.

Key Robinhood Markets News

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

• Positive Sentiment: Analyst raises price target: Jefferies increased its price target for Robinhood to $140 from $127 while maintaining a Buy rating, citing potential upside from current levels. Jefferies raises Robinhood price target
• Positive Sentiment: New growth initiatives: Robinhood continues expanding prediction markets through partnerships with Crypto.com and OG.com. The company also reported August operating data, giving investors another update on customer activity and transaction trends. Robinhood expands prediction markets Robinhood August operating data
• Positive Sentiment: Investment-banking ambitions: CEO Vlad Tenev said Robinhood intends to be disruptive in underwriting after its Oura IPO win, raising the possibility of additional fee revenue from future IPOs, including major technology offerings. Robinhood investment banking ambitions
• Neutral Sentiment: Limited short-interest signal: Reported short interest was zero, meaning there is no meaningful short-squeeze setup indicated by the available data.
• Negative Sentiment: Regulatory and legal friction: Robinhood will stop offering sports prediction markets in Michigan amid litigation. Its broader tokenized-stock strategy is also facing criticism from AMC’s CEO, potentially increasing regulatory and reputational risk. Robinhood Michigan prediction markets lawsuit
• Negative Sentiment: Insider selling: Director Oluwadara Treseder sold 1,875 shares worth $234,375 under a pre-arranged Rule 10b5-1 plan. The sale was modest relative to her remaining stake, but may add some near-term caution.

About Robinhood Markets

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.