Robinhood Markets (NASDAQ:HOOD) Director Meyer Malka Purchases 249,000 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka acquired 249,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was purchased at an average cost of $80.39 per share, with a total value of $20,017,110.00. Following the completion of the purchase, the director directly owned 3,493,427 shares of the company’s stock, valued at approximately $280,836,596.53. This represents a 7.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Robinhood Markets Trading Down 3.8%

NASDAQ:HOOD opened at $90.73 on Tuesday. The firm has a market cap of $81.70 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 2.94 and a beta of 2.35. The stock has a fifty day moving average price of $76.96 and a 200 day moving average price of $93.93. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86.

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

Institutional Trading of Robinhood Markets

Several institutional investors and hedge funds have recently made changes to their positions in the company. Glenmede Trust Co. NA lifted its holdings in shares of Robinhood Markets by 22.5% in the 1st quarter. Glenmede Trust Co. NA now owns 10,426 shares of the company’s stock valued at $723,000 after purchasing an additional 1,914 shares during the last quarter. Summitry LLC purchased a new stake in shares of Robinhood Markets in the 1st quarter valued at about $432,000. Groupama Asset Managment purchased a new stake in shares of Robinhood Markets in the 1st quarter valued at about $260,000. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Robinhood Markets in the 1st quarter valued at about $218,000. Finally, BankChampaign National Association purchased a new stake in shares of Robinhood Markets in the 1st quarter valued at about $739,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood completed its acquisition of WonderFi, giving it a faster route into the Canadian crypto market and expanding its international footprint. Robinhood Completes Acquisition of WonderFi
• Positive Sentiment: KeyCorp reaffirmed an Overweight rating and set a $100 price target, signaling Wall Street still sees upside from recent levels. Benzinga report on KeyCorp rating
• Positive Sentiment: Insider buying also supported sentiment, with director Meyer Malka purchasing 249,000 shares, a sizable vote of confidence in the company’s outlook. SEC filing
• Neutral Sentiment: Robinhood continues to attract attention for its new AI-powered trading and banking tools, which could broaden its product suite and boost engagement over time. Robinhood Markets (HOOD) Is Up 28.1% After Launching Agentic AI Trading And Credit Card Tools
• Neutral Sentiment: The Supreme Court is seeking input from the Solicitor General and White House on Robinhood’s appeal in an IPO-related investor lawsuit, keeping legal risk in focus. Supreme Court Seeks Solicitor General’s View of Robinhood’s Appeal of Alleged IPO Omissions
• Negative Sentiment: Binance’s rollout of U.S. stock and ETF trading adds another well-capitalized competitor entering Robinhood’s brokerage turf, increasing competitive pressure. Crypto exchange Binance rolls out trading in US stocks, ETFs

Analyst Ratings Changes

HOOD has been the subject of a number of recent research reports. Argus decreased their target price on Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $130.00 target price on shares of Robinhood Markets in a report on Tuesday, April 14th. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a report on Wednesday, February 11th. Citigroup reaffirmed a “market outperform” rating on shares of Robinhood Markets in a report on Thursday. Finally, KeyCorp reaffirmed an “overweight” rating and set a $100.00 price target on shares of Robinhood Markets in a report on Monday. Nineteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average price target of $105.96.

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.