Robinhood Markets, Inc. (NASDAQ:HOOD) Stock Has Consensus Target Price of $130.70

Robinhood Markets, Inc. (NASDAQ:HOOD) has received a consensus recommendation of “Moderate Buy” from the twenty-eight analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $130.70.

HOOD has been the topic of several research analyst reports. Mizuho raised their target price on shares of Robinhood Markets from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, September 9th. Needham & Company LLC reduced their price target on shares of Robinhood Markets from $123.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Barclays lowered their price objective on shares of Robinhood Markets from $122.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a report on Monday, September 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $124.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th.

Insider Transactions at Robinhood Markets

In related news, CEO Vladimir Tenev sold 240,834 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $125.33, for a total transaction of $30,183,725.22. Following the completion of the transaction, the chief executive officer directly owned 240,834 shares in the company, valued at approximately $30,183,725.22. This trade represents a 50.00% decrease in their ownership of the stock. The transaction 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, Director Baiju Bhatt sold 43,373 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $114.28, for a total value of $4,956,666.44. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,121,121 shares of company stock worth $132,674,478. 13.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds have recently made changes to their positions in HOOD. Norges Bank bought a new stake in Robinhood Markets during the fourth quarter worth $1,202,160,000. Bank of New York Mellon Corp bought a new position in shares of Robinhood Markets in the 2nd quarter valued at about $379,695,000. Amundi grew its position in shares of Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after acquiring an additional 3,007,103 shares during the period. Corient Private Wealth LLC increased its stake in shares of Robinhood Markets by 5,221.4% during the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock worth $289,519,000 after purchasing an additional 2,511,743 shares during the last quarter. Finally, Index Venture Growth Associates V Ltd acquired a new position in shares of Robinhood Markets during the 4th quarter worth about $193,163,000. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $119.40 on Wednesday. Robinhood Markets has a 1 year low of $63.51 and a 1 year high of $153.86. The stock has a 50-day moving average price of $104.69 and a two-hundred day moving average price of $92.54. The stock has a market cap of $107.35 billion, a price-to-earnings ratio of 52.60, a PEG ratio of 2.38 and a beta of 2.34. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.42 earnings per share. Robinhood Markets’s revenue was up 32.5% compared to the same quarter last year. As a group, equities analysts expect that Robinhood Markets will post 2.15 earnings per share for the current year.

Key Robinhood Markets News

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

• Positive Sentiment: Prediction markets are emerging as a major growth driver: Robinhood’s event-contracts revenue reportedly increased more than tenfold year over year. The company is expanding beyond sports into crypto-linked contracts, creating a potentially significant new source of transaction revenue and customer engagement. Robinhood event-contract revenue article
• Positive Sentiment: Diversification supports the long-term growth case: Robinhood is expanding into banking, retirement accounts, active trading, crypto and blockchain products. These initiatives could deepen customer relationships and reduce dependence on stock-trading activity. The company also joined Coinbase’s Oura IPO offering as an underwriter, strengthening its role in retail IPO access, although underwriting does not guarantee customer allocations. Robinhood diversification article Robinhood and Coinbase IPO article
• Positive Sentiment: Fundamentals remain robust: The latest reported quarter showed revenue growth of 32.5% year over year, while earnings exceeded analyst expectations. Jim Cramer and several analysts remain constructive on Robinhood’s platform, technology and long-term growth potential. Jim Cramer Robinhood commentary
• Neutral Sentiment: Competition is intensifying: Public has introduced AI agents for prediction-market trading, while new data from Needham suggests professional trading activity may distort reported market-share comparisons. The developments validate demand but could make it harder for Robinhood to capture lasting market share. Public AI prediction-market article
• Negative Sentiment: CEO selling is weighing on sentiment: CEO Vladimir Tenev sold roughly $32.5 million and $30.2 million of HOOD shares on September 21 and 22, respectively, cutting his direct holdings by half. The sales were made under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the combined transactions have nevertheless encouraged profit-taking. Robinhood CEO insider sale
• Negative Sentiment: Regulatory and valuation risks remain: Prediction markets face mounting legal and regulatory challenges, while HOOD’s valuation remains demanding after a substantial rally. Sector-wide weakness among brokerage stocks and concern that professional trading volumes may be less durable are adding to near-term pressure.

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.