Insider Buying: Robinhood Markets (NASDAQ:HOOD) Director Purchases $20,185,000.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka bought 250,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $80.74 per share, for a total transaction of $20,185,000.00. Following the transaction, the director directly owned 3,924,427 shares of the company’s stock, valued at approximately $316,858,235.98. This represents a 6.80% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Meyer Malka also recently made the following trade(s):

• On Wednesday, June 3rd, Meyer Malka bought 181,000 shares of Robinhood Markets stock. The shares were purchased at an average price of $83.45 per share, for a total transaction of $15,104,450.00.
• On Thursday, May 28th, Meyer Malka bought 249,000 shares of Robinhood Markets stock. The shares were purchased at an average price of $80.39 per share, for a total transaction of $20,017,110.00.

Robinhood Markets Stock Performance

HOOD opened at $92.23 on Friday. The business’s 50-day simple moving average is $79.63 and its 200-day simple moving average is $92.17. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86. The stock has a market capitalization of $83.05 billion, a P/E ratio of 44.56, a price-to-earnings-growth ratio of 2.16 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities research analysts forecast that Robinhood Markets, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research raised Robinhood Markets from a “strong sell” rating to a “hold” rating in a report on Monday. Truist Financial dropped their price target on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. The Goldman Sachs Group boosted their price target on Robinhood Markets from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Morgan Stanley dropped their price target on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Finally, Mizuho boosted their price target on Robinhood Markets from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.73.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood’s securities division was reportedly approved to underwrite IPOs, potentially unlocking a new, higher-margin revenue stream and supporting its “super app” ambitions. Robinhood CEO Says His Company Gets Green Light to Underwrite IPOs
• Positive Sentiment: Needham raised its price target on HOOD to $97 and kept a buy rating, reinforcing the bullish case after the company’s latest strategic moves. Needham Raises Robinhood Price Target
• Positive Sentiment: Director Meyer Malka bought 250,000 shares, signaling insider confidence in Robinhood’s outlook. Insider Trade: Meyer Malka Purchases Shares
• Positive Sentiment: Coverage highlighting Robinhood’s prediction-markets push and product expansion suggests Wall Street sees additional growth avenues that may not yet be fully priced in. HOOD Stock Gains Overnight: Cathie Wood’s ARK Sells Shares Even As Robinhood Stacks Up Fresh Catalysts
• Neutral Sentiment: Recent articles also framed HOOD as a debated stock with bullish and bearish views, but those pieces did not add fresh fundamental data beyond the new catalyst headlines. Is Robinhood Markets, Inc. (HOOD) A Good Stock To Buy Now?
• Negative Sentiment: Some commentary still points to pressure from Robinhood’s crypto exposure and prior bearish ratings, which could temper enthusiasm if trading activity slows. Bear of the Day: Robinhood Markets (HOOD)

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its stake in shares of Robinhood Markets by 152.6% during the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC boosted its stake in shares of 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 acquiring an additional 190 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $27,000. MV Capital Management Inc. purchased a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $27,000. Finally, Swiss RE Ltd. purchased a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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.