Robinhood Markets (NASDAQ:HOOD) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Robinhood Markets (NASDAQ:HOOD) had its price target upped by stock analysts at The Goldman Sachs Group from $121.00 to $137.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 37.05% from the stock’s previous close.

A number of other research firms also recently weighed in on HOOD. Keefe, Bruyette & Woods decreased their price target on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Mizuho increased their price objective on shares of Robinhood Markets from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Citizens Jmp reaffirmed a “market outperform” rating and set a $155.00 price objective on shares of Robinhood Markets in a report on Thursday, May 28th. Argus lifted their target price on shares of Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $130.00 target price on shares of Robinhood Markets in a research report on Tuesday, April 14th. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $118.70.

Robinhood Markets Stock Down 5.7%

Robinhood Markets stock opened at $99.96 on Thursday. The business has a 50 day moving average price of $94.26 and a two-hundred day moving average price of $89.09. The stock has a market cap of $90.01 billion, a price-to-earnings ratio of 48.29, a price-to-earnings-growth ratio of 2.24 and a beta of 2.33. Robinhood Markets has a 12 month low of $63.51 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. On average, analysts expect that Robinhood Markets will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, insider Steven M. Quirk sold 19,377 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $119.96, for a total value of $2,324,464.92. Following the sale, the insider owned 62,612 shares in the company, valued at approximately $7,510,935.52. The trade was a 23.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Johnson Treseder sold 3,750 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $117.50, for a total transaction of $440,625.00. Following the completion of the sale, the director owned 72,442 shares in the company, valued at $8,511,935. This represents a 4.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders purchased 680,000 shares of company stock valued at $55,306,560 and sold 587,875 shares valued at $62,602,915. 13.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors have recently added to or reduced their stakes in HOOD. State Street Corp lifted its holdings in Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after buying an additional 16,375,734 shares in the last quarter. Norges Bank bought a new position in Robinhood Markets in the 4th quarter valued at $1,202,160,000. Amundi increased its stake 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 buying 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% in the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock valued at $289,519,000 after buying an additional 2,511,743 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Robinhood Markets by 95.7% during the fourth quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock worth $499,001,000 after acquiring an additional 2,157,372 shares during the last quarter. 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: Goldman Sachs raised its price target on Robinhood to $137 from $121 and reiterated a Buy rating ahead of earnings, signaling confidence in the company’s growth potential and implying meaningful upside from current levels. Goldman Sachs raises price target on Robinhood ahead of earnings
• Neutral Sentiment: Robinhood is drawing heavy investor attention online, with Zacks noting that the stock has become a trending name; this reflects interest rather than a direct fundamental catalyst. Robinhood Markets, Inc. (HOOD) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Robinhood recently benefited from a broad market upswing and has continued to trade well above its 50-day and 200-day moving averages, but that momentum has been offset by a more volatile tape in recent sessions. Robinhood Markets, Inc. (HOOD) Beats Stock Market Upswing: What Investors Need to Know
• Negative Sentiment: Brokerage stocks, including Robinhood, were hit by a Nasdaq-100 selloff and a decline in crypto prices, both of which can reduce trading activity and weigh on revenue expectations. Robinhood Drops 4%, Webull Tumbles 6% as NASDAQ 100 Selloff and Crypto Dip Hit Retail-Brokerage Stocks
• Negative Sentiment: Reports that Robinhood is selling $400 million of credit-card asset-backed bonds added to investor caution, likely feeding concerns about financing activity and broader market stress. Why Is Robinhood Stock Falling on Friday?

Robinhood Markets Company Profile

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.