Robinhood Markets (NASDAQ:HOOD) Trading 7.1% Higher on Analyst Upgrade

Robinhood Markets, Inc. (NASDAQ:HOOD)’s share price traded up 7.1% during mid-day trading on Tuesday after KeyCorp raised their price target on the stock from $100.00 to $125.00. KeyCorp currently has an overweight rating on the stock. Robinhood Markets traded as high as $108.21 and last traded at $106.36. Approximately 19,350,362 shares were traded during trading, a decline of 35% from the average daily volume of 29,718,475 shares. The stock had previously closed at $99.28.

A number of other research firms have also recently commented on HOOD. JPMorgan Chase & Co. cut their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Argus raised their price target on shares of Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Morgan Stanley increased their price target on shares of Robinhood Markets from $95.00 to $124.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Barclays boosted their price target on Robinhood Markets from $82.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods cut their target price on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Twenty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.22.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Oluwadara Johnson Treseder sold 3,750 shares of the company’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 transaction, the director owned 72,442 shares in the company, valued at approximately $8,511,935. This represents a 4.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 19,377 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the completion of the sale, the insider owned 62,612 shares of the company’s stock, valued at approximately $7,510,935.52. The trade was a 23.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have bought 680,000 shares of company stock worth $55,306,560 and have sold 587,875 shares worth $62,602,915. Company insiders own 13.48% of the company’s stock.

Robinhood Markets News Summary

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

• Positive Sentiment: KeyCorp and Needham both raised their price targets on Robinhood, with KeyCorp moving to $125 and Needham to $123, while maintaining positive ratings. Bernstein also reiterated a bullish view, arguing the stock’s prediction-markets business could become a major growth driver. Analyst price target updates for Robinhood Markets
• Positive Sentiment: Analysts expect Robinhood to beat second-quarter earnings estimates, which supports sentiment ahead of next week’s results and could fuel buying if the company delivers strong trading, crypto, or prediction-market revenue. Robinhood expected to beat earnings estimates
• Positive Sentiment: Robinhood continues to highlight growth initiatives, including its blockchain efforts, tokenized assets, and a new partnership with WHOOP that adds perks for Platinum Card holders, reinforcing the company’s push beyond core trading. WHOOP teams up with Robinhood on new member benefit
• Neutral Sentiment: Recent coverage also emphasized Robinhood Chain’s rapid early adoption and the possibility that prediction-market revenue could overtake crypto, which is constructive strategically but still largely forward-looking. Robinhood’s crypto bet and Robinhood Chain growth
• Negative Sentiment: Despite the upbeat analyst commentary, the stock has been slipping in the latest session, and investors may also be cautious ahead of the upcoming earnings release after Robinhood previously missed on both EPS and revenue in its last quarterly report. Robinhood suffers a larger drop than the general market
• Negative Sentiment: Competition in crypto and trading-related products remains intense, with rivals such as Kraken and Coinbase expanding offerings, which could pressure Robinhood’s growth narrative over time. Kraken expands tokenized stocks

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors have recently modified their holdings of the company. State Street Corp increased its holdings in shares of 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 during the last quarter. Norges Bank acquired a new position in Robinhood Markets in the fourth quarter valued at $1,202,160,000. Amundi boosted its holdings in Robinhood Markets by 89.0% in the first quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after acquiring an additional 3,007,103 shares during the last quarter. Corient Private Wealth LLC grew its position in 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 valued at $289,519,000 after acquiring an additional 2,511,743 shares during the period. Finally, Jennison Associates LLC increased its stake in 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. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Down 1.8%

The company has a 50 day simple moving average of $95.75 and a 200 day simple moving average of $88.67. The company has a market capitalization of $94.09 billion, a price-to-earnings ratio of 50.47, a price-to-earnings-growth ratio of 2.25 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, April 28th. The company reported $0.38 EPS 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 analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. On average, research analysts forecast that Robinhood Markets, Inc. will post 1.86 EPS for the current fiscal year.

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.