Robinhood Markets, Inc. (NASDAQ:HOOD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have earned a consensus rating of “Moderate Buy” from the twenty-six research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $116.7391.

A number of brokerages recently weighed in on HOOD. Zacks Research raised Robinhood Markets from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Citigroup reaffirmed a “market outperform” rating on shares of Robinhood Markets in a research report on Thursday, May 28th. BTIG Research reiterated a “buy” rating and set a $125.00 price target on shares of Robinhood Markets in a report on Thursday, July 2nd. Keefe, Bruyette & Woods dropped 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 report on Wednesday, April 29th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $155.00 price objective on shares of Robinhood Markets in a research note on Thursday, May 28th.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $115.11 on Friday. Robinhood Markets has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The stock’s 50-day moving average is $90.20 and its two-hundred day moving average is $89.33. The firm has a market cap of $103.66 billion, a P/E ratio of 55.61, a price-to-earnings-growth ratio of 2.54 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion for 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%.The business’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. On average, equities analysts expect that Robinhood Markets will post 1.81 EPS for the current year.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood’s newly launched blockchain is generating strong interest, with reports of a memecoin frenzy, record DEX volume, and growing retail activity on Robinhood Chain, which supports the bullish growth narrative. Article: Trader turns $800 into $1 million
• Positive Sentiment: Barclays raised its price target on HOOD from $82 to $122 and kept an overweight rating, reinforcing optimism that the stock still has room to run.
• Positive Sentiment: Coverage around Robinhood’s crypto and tokenization push, including Robinhood Chain, stock tokens, DeFi lending, perpetual futures, and AI trading, continues to support expectations for future revenue growth. Article: HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
• Neutral Sentiment: Several articles highlighted rising attention on Robinhood’s memecoin ecosystem and broad media interest in the company, which adds visibility but is not a direct fundamental catalyst. Article: Robinhood’s Memecoin Boom Shows Crypto’s Retail Market Is No Joke
• Neutral Sentiment: Recent insider sales by Robinhood executives and directors may slightly weigh on sentiment, though the transactions were pre-arranged under Rule 10b5-1 plans and do not necessarily signal a change in business outlook.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares in the company, valued at $43,563,750. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total value of $836,800.00. Following the completion of the sale, the insider directly owned 481,396 shares in the company, valued at approximately $40,283,217.28. This represents a 2.04% decrease in their ownership of the stock. 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 ninety days, insiders have purchased 680,000 shares of company stock worth $55,306,560 and have sold 659,112 shares worth $68,741,158. Insiders own 14.47% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

Several large investors have recently made changes to their positions in the business. Sound Income Strategies LLC boosted its stake in Robinhood Markets by 152.6% during the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares during the period. CYBER HORNET ETFs LLC increased its position in Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after buying an additional 190 shares during the period. Elyxium Wealth LLC bought a new position in Robinhood Markets in the 4th quarter worth approximately $27,000. MV Capital Management Inc. acquired a new position in shares of Robinhood Markets during the fourth quarter worth approximately $27,000. Finally, Swiss RE Ltd. acquired a new position in shares of Robinhood Markets during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.