Aigen Investment Management LP Makes New Investment in Robinhood Markets, Inc. $HOOD

Aigen Investment Management LP acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 15,902 shares of the company’s stock, valued at approximately $1,799,000.

Other institutional investors have also made changes to their positions in the company. CYBER HORNET ETFs LLC increased its stake in shares of Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares during the period. Swiss RE Ltd. bought a new position in shares of Robinhood Markets in the fourth quarter worth about $27,000. Elyxium Wealth LLC bought a new position in shares of Robinhood Markets in the fourth quarter worth about $27,000. Sound Income Strategies LLC increased its stake in shares of Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares during the period. Finally, Godsey & Gibb Inc. bought a new position in shares of Robinhood Markets in the fourth quarter worth about $28,000. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of recent analyst reports. New Street Research set a $122.00 price objective on Robinhood Markets in a research note on Thursday, March 5th. Barclays dropped their price objective on Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Loop Capital set a $94.00 price objective on Robinhood Markets in a research note on Wednesday, May 27th. Zacks Research upgraded Robinhood Markets from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research note on Friday, March 27th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.73.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood’s securities arm received approval to underwrite IPOs, potentially expanding revenue opportunities and giving the company a bigger role in future public offerings. Robinhood Just Won Approval to Underwrite IPOs, Right Before SpaceX’s Blockbuster Market Debut. Here’s Why the Timing Matters.
• Positive Sentiment: SpaceX’s IPO sparked “record-breaking” traffic on Robinhood’s platform, highlighting heavy retail engagement and the value of its IPO-access business. Robinhood sees ‘record-breaking’ traffic after SpaceX stock debuts
• Positive Sentiment: Needham raised its price target on Robinhood to $97 and reiterated a buy rating, adding to bullish sentiment around the stock. Benzinga report on Needham price target raise
• Neutral Sentiment: Robinhood saw unusual options activity, with traders buying a much larger-than-normal volume of call options, suggesting heightened speculation around the shares.
• Neutral Sentiment: The stock also benefited from a broader lift in financial stocks and related retail brokerage names during Friday’s session. Sector Update: Financial Stocks Advance Late Afternoon
• Negative Sentiment: Robinhood’s platform experienced trading issues amid the surge in SpaceX-related demand, which could raise concerns about reliability during peak activity. HOOD Stock: Robinhood Buckles Under SpaceX IPO Demand, Users Report Trading Issues
• Negative Sentiment: ARK Invest reportedly sold shares of Robinhood, which may temper enthusiasm for some investors. HOOD Stock Gains Overnight: Cathie Wood’s ARK Sells Shares Even As Robinhood Stacks Up Fresh Catalysts

Insiders Place Their Bets

In related news, Director Baiju Bhatt sold 67,422 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total value of $5,082,270.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 5,436 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $77.36, for a total transaction of $420,528.96. Following the completion of the sale, the chief financial officer directly owned 47,311 shares in the company, valued at approximately $3,659,978.96. The trade was a 10.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 571,602 shares valued at $41,959,746. Insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Up 1.0%

NASDAQ HOOD opened at $93.19 on Friday. The stock has a market cap of $83.92 billion, a P/E ratio of 45.02, a PEG ratio of 2.33 and a beta of 2.35. The company’s 50-day simple moving average is $80.09 and its 200 day simple moving average is $92.18. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86.

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

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.