Barclays Forecasts Strong Price Appreciation for Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets (NASDAQ:HOOD) had its price target boosted by Barclays from $105.00 to $132.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 22.39% from the stock’s previous close.

A number of other research analysts have also weighed in on HOOD. Zacks Research raised shares of Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Scotiabank started coverage on shares of Robinhood Markets in a report on Wednesday, September 2nd. They set a “sector outperform” rating and a $136.00 price objective on the stock. Bank of America raised their price objective on shares of Robinhood Markets from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen raised shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. Finally, Wells Fargo & Company initiated coverage on Robinhood Markets in a report on Friday, October 2nd. They set an “equal weight” rating and a $125.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.71.

Robinhood Markets Stock Down 3.7%

Shares of NASDAQ:HOOD traded down $4.15 during trading on Wednesday, hitting $107.85. 8,118,032 shares of the company’s stock traded hands, compared to its average volume of 27,140,865. Robinhood Markets has a 52 week low of $63.51 and a 52 week high of $153.56. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The company has a market cap of $96.96 billion, a price-to-earnings ratio of 47.42, a price-to-earnings-growth ratio of 2.34 and a beta of 2.35. The company has a 50-day moving average price of $106.69 and a 200-day moving average price of $94.37.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $0.42 EPS. Robinhood Markets’s quarterly revenue was up 32.5% compared to the same quarter last year. As a group, research analysts forecast that Robinhood Markets will post 2.14 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 259,166 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $125.58, for a total value of $32,546,066.28. Following the completion of the transaction, the chief executive officer owned 259,166 shares of the company’s stock, valued at approximately $32,546,066.28. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 11,472 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the sale, the chief financial officer directly owned 56,858 shares in the company, valued at $6,278,260.36. This trade represents a 16.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 704,658 shares of company stock valued at $84,183,918 in the last three months. 13.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently made changes to their positions in HOOD. Bank of New York Mellon Corp bought a new stake in Robinhood Markets in the 2nd quarter valued at $379,695,000. Amundi increased its position in Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after buying an additional 3,007,103 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Robinhood Markets by 5,221.4% during the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock worth $289,519,000 after buying an additional 2,511,743 shares in the last quarter. Index Venture Growth Associates V Ltd acquired a new stake in shares of Robinhood Markets during the fourth quarter worth $193,163,000. Finally, Renaissance Technologies LLC boosted its position in shares of Robinhood Markets by 48.6% in the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after acquiring an additional 1,668,400 shares during the period. 93.27% of the stock is owned by institutional investors.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Barclays raised its price target for Robinhood to $132 from $105 and maintained an Overweight rating, citing potential upside from current levels. HOOD Stock Falls Despite Barclays’ Price Target Hike And Robinhood’s $25M BTC Purchase
• Positive Sentiment: Robinhood said it purchased approximately $25 million of bitcoin for its own balance sheet. Management described the move as a way to align more closely with the crypto community, although the amount is relatively small compared with the company’s size. Robinhood Puts $25 Million of Bitcoin on Its Balance Sheet
• Neutral Sentiment: Robinhood’s customer crypto holdings—reported separately as a much larger crypto “pile”—belong to customers rather than the company’s treasury. This limits direct balance-sheet exposure to crypto-price swings but also means customer assets should not be treated as corporate investments. Robinhood’s $25 billion crypto pile belongs to customers, not its treasury
• Negative Sentiment: Crypto-market weakness is the primary near-term headwind. Bitcoin and related stocks are declining amid a broader “perfect storm” for digital assets, which can hurt Robinhood’s trading activity, transaction revenue and investor sentiment. Coinbase, Robinhood Stocks Fall. The Crypto Rally Is Facing a Perfect Storm.
• Negative Sentiment: Robinhood declined alongside online-broker peers after a House panel labeled Webull’s China ties a national-security risk, creating sector-wide regulatory and geopolitical concern despite Robinhood having different ownership and operating ties. Webull Sinks 29% as House Panel Calls Its China Ties a National Security Risk
• Negative Sentiment: Two former Robinhood engineers were charged by the Justice Department over alleged crypto-derivatives trading based on confidential token-listing information, adding reputational and compliance concerns. DOJ Charges Two Former Robinhood Engineers

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) operates a financial services platform designed to provide investing and trading products through mobile applications and a website. Its offerings include commission-free trading in stocks and exchange-traded funds, options trading, cryptocurrency services, margin investing, and retirement accounts. The company also provides cash management features and other tools intended to help customers manage and invest their money.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood gained prominence by expanding access to investing through a low-cost, easy-to-use digital platform.