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

Robinhood Markets (NASDAQ:HOOD) had its price target upped by stock analysts at Morgan Stanley from $146.00 to $147.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 22.26% from the stock’s current price.

Other analysts have also recently issued reports about the company. Citizens Jmp lifted their price objective on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, November 7th. The Goldman Sachs Group raised their target price on Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Bank of America reduced their price target on Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Piper Sandler reiterated an “overweight” rating on shares of Robinhood Markets in a report on Wednesday, November 26th. Finally, Cantor Fitzgerald dropped their target price on shares of Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.30.

Robinhood Markets Trading Down 1.7%

Shares of Robinhood Markets stock opened at $120.24 on Monday. Robinhood Markets has a 12-month low of $29.66 and a 12-month high of $153.86. The company has a market cap of $108.12 billion, a P/E ratio of 49.89, a PEG ratio of 2.23 and a beta of 2.43. The company’s fifty day simple moving average is $128.53 and its two-hundred day simple moving average is $114.79.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company posted $0.17 EPS. The company’s quarterly revenue was up 100.0% compared to the same quarter last year. Analysts predict that Robinhood Markets will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, insider Steven M. Quirk sold 49,942 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total value of $6,549,893.30. Following the sale, the insider directly owned 54,496 shares of the company’s stock, valued at approximately $7,147,150.40. The trade was a 47.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total value of $15,855,600.00. Following the completion of the sale, the insider directly owned 430,012 shares in the company, valued at approximately $56,817,485.56. This represents a 21.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,686,763 shares of company stock worth $475,848,059 over the last three months. 19.95% of the stock is owned by corporate insiders.

Institutional Trading of Robinhood Markets

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Robinhood Markets by 24.9% during the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after buying an additional 18,824,923 shares during the last quarter. State Street Corp raised its holdings in Robinhood Markets by 103.2% in the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after acquiring an additional 16,375,734 shares during the last quarter. Geode Capital Management LLC lifted its position in Robinhood Markets by 4.0% in the 2nd quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock valued at $1,233,840,000 after acquiring an additional 507,926 shares in the last quarter. WCM Investment Management LLC lifted its position in Robinhood Markets by 3,615.7% in the 2nd quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after acquiring an additional 11,244,182 shares in the last quarter. Finally, Norges Bank purchased a new stake in Robinhood Markets during the 2nd quarter valued at $973,122,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets News Roundup

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

• Positive Sentiment: Large institutional buying: Ark Invest (Cathie Wood) bought roughly $30M of HOOD during a recent dip, signaling conviction from a high-profile growth investor and supporting demand. Read More.
• Positive Sentiment: New product/revenue expansion — prediction markets & NFL prop/parlay rollout: Robinhood’s expansion into NFL props and parlays builds on strong growth in prediction markets (material revenue contributor) and could provide a durable non-trading revenue stream. Read More.
• Positive Sentiment: Analyst/consensus support: Morgan Stanley nudged its price target higher to $147 (equal weight) and the street consensus remains around a “Moderate Buy,” which underpins upside in analyst expectations. Read More. Read More.
• Positive Sentiment: Sector tailwinds — crypto & blockchain policy backdrop: Analysts note a friendlier policy environment for crypto that could benefit HOOD’s crypto volume and product monetization. Read More.
• Neutral Sentiment: Media/attention and trading strategies: Increased search interest and commentary (Jim Cramer entry strategies, Zacks coverage) raise retail focus but don’t guarantee direction — could amplify volatility. Read More. Read More.
• Negative Sentiment: Insider selling: CTO Jeffrey Tsvi Pinner sold 5,864 shares (~22% reduction of his holding), a signal some investors read as a caution even if not unusual for executives. SEC filing: Read More.
• Negative Sentiment: Profit-taking / cooling volumes & technical weakness: MarketBeat and others flag that heavy YTD gains, recent declines in crypto/equities/options volumes and bearish technical signals (below 50‑day SMA, bearish MACD) increase short-term downside risk. Read More.

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.