Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $138.00

Robinhood Markets (NASDAQ:HOOD) had its target price raised by Deutsche Bank Aktiengesellschaft from $136.00 to $138.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on HOOD. Argus lifted their price objective 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. Scotiabank initiated coverage on shares of Robinhood Markets in a report on Wednesday, September 2nd. They issued a “sector outperform” rating and a $136.00 target price for the company. Morgan Stanley raised shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $124.00 to $150.00 in a research report on Tuesday, September 1st. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Finally, Jefferies Financial Group upped their price objective on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.88.

Robinhood Markets Stock Down 5.5%

HOOD stock opened at $104.42 on Monday. Robinhood Markets has a twelve month low of $63.51 and a twelve month high of $153.86. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $103.33 and its 200-day moving average is $90.49. The firm has a market capitalization of $93.88 billion, a PE ratio of 46.00, a P/E/G ratio of 2.25 and a beta of 2.34.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.18. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.Robinhood Markets’s revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. Sell-side analysts expect that Robinhood Markets will post 2.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Daniel Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $122.43, for a total value of $1,224,300.00. Following the transaction, the insider directly owned 509,943 shares of the company’s stock, valued at approximately $62,432,321.49. The trade was a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Quirk sold 24,416 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total transaction of $2,937,977.28. Following the transaction, the insider owned 77,839 shares of the company’s stock, valued at approximately $9,366,366.87. The trade was a 23.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 609,649 shares of company stock worth $68,677,948 in the last ninety days. Corporate insiders own 13.48% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Large investors have recently modified their holdings of the stock. Capstone Financial Advisors Inc. raised its holdings in shares of Robinhood Markets by 17.5% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,569 shares of the company’s stock worth $358,000 after purchasing an additional 532 shares during the period. Whetstone Capital Advisors LLC grew its holdings in Robinhood Markets by 8.8% during the second quarter. Whetstone Capital Advisors LLC now owns 54,755 shares of the company’s stock valued at $5,491,000 after purchasing an additional 4,419 shares during the period. National Pension Service increased its position in Robinhood Markets by 5.1% in the second quarter. National Pension Service now owns 2,298,238 shares of the company’s stock worth $230,467,000 after buying an additional 112,365 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Robinhood Markets in the second quarter valued at $531,000. Finally, RFG Advisory LLC lifted its position in shares of Robinhood Markets by 4.0% during the 2nd quarter. RFG Advisory LLC now owns 3,505 shares of the company’s stock valued at $351,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets News Roundup

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

• Positive Sentiment: Analysts remain bullish. Deutsche Bank raised its price target from $136 to $138 and maintained a “buy” rating. Other analysts have also issued favorable views, with the average target materially above the stock’s recent trading level. Robinhood stock price up following analyst upgrade
• Positive Sentiment: Prediction markets and tokenization remain growth opportunities. Robinhood’s prediction-markets activity is growing, while its partnership with Crypto.com is intended to expand access to event contracts. Management also continues to promote tokenized securities as a way to broaden global access to financial assets. However, successful execution depends on regulatory approvals and market acceptance. Robinhood expands prediction markets with Crypto.com partnership
• Neutral Sentiment: Crypto legislation remains unresolved. The Senate’s failure to advance the CLARITY Act leaves uncertainty over the regulatory framework for digital assets. Robinhood supports clearer rules, which could eventually help institutional participation and retail access, but the delay limits near-term visibility. Crypto stocks hold as Clarity Act stalls in Senate
• Negative Sentiment: Former-employee charges triggered reputational concerns. Federal prosecutors reportedly charged two former Robinhood engineers with allegedly using confidential business information to trade crypto futures. The allegations name former employees rather than Robinhood itself, but investors are concerned about compliance oversight and possible regulatory scrutiny. Robinhood employees charged over alleged crypto trading scheme
• Negative Sentiment: Prediction-market expansion faces regulatory hurdles. Restrictions in Connecticut and Michigan could increase compliance costs and slow sports-related growth. Separately, Robinhood’s dispute with AMC over stock tokens adds legal and reputational risk to its tokenization strategy. A director’s $5.0 million stock sale under a pre-arranged Rule 10b5-1 plan may also weigh modestly on sentiment.

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.