Robinhood Markets (NASDAQ:HOOD) Stock Price Expected to Rise, KeyCorp Analyst Says

Robinhood Markets (NASDAQ:HOOD) had its price objective lifted by analysts at KeyCorp from $100.00 to $125.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 23.06% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Sanford C. Bernstein lifted their price objective on Robinhood Markets from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday. The Goldman Sachs Group raised their target price on Robinhood Markets from $121.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods dropped their price target on 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. Cantor Fitzgerald reiterated an “overweight” rating and set a $110.00 price target on shares of Robinhood Markets in a report on Tuesday, June 9th. Finally, Piper Sandler restated an “overweight” rating on shares of Robinhood Markets in a research note on Thursday, July 2nd. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.22.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $101.58 on Wednesday. The company has a market capitalization of $91.47 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 2.21 and a beta of 2.33. Robinhood Markets has a one year low of $63.51 and a one year high of $153.86. The company’s fifty day moving average price is $96.17 and its two-hundred day moving average price is $88.57.

Robinhood Markets (NASDAQ:HOOD) last posted 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 firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. As a group, sell-side analysts anticipate that Robinhood Markets will post 1.86 earnings per share for the current year.

Insider Activity

In other news, Director Meyer Malka acquired 250,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $80.74 per share, with a total value of $20,185,000.00. Following the acquisition, the director owned 3,924,427 shares of the company’s stock, valued at $316,858,235.98. This trade represents a 6.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $116.17, for a total value of $43,563,750.00. Following the sale, the chief executive officer owned 375,000 shares in the company, valued at approximately $43,563,750. This represents a 50.00% decrease in their ownership of the stock. 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 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.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently bought and sold shares of HOOD. Empowered Funds LLC boosted its position in shares of Robinhood Markets by 46.7% during the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after acquiring an additional 15,885 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Robinhood Markets in the second quarter worth about $5,105,000. Federated Hermes Inc. lifted its stake in Robinhood Markets by 106.2% during the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock worth $5,988,000 after purchasing an additional 32,933 shares during the period. NewEdge Advisors LLC lifted its stake in Robinhood Markets by 19.1% during the second quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock worth $8,396,000 after purchasing an additional 14,356 shares during the period. Finally, Nebula Research & Development LLC acquired a new stake in Robinhood Markets during the second quarter valued at approximately $1,316,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets News Summary

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

• Positive Sentiment: Several analysts turned more constructive on Robinhood, including KeyCorp raising its price target to $125 and maintaining an overweight rating, while Needham and other reports pointed to further upside ahead of Q2 earnings.
• Positive Sentiment: Robinhood expanded its product ecosystem with a partnership with WHOOP that gives Platinum Card holders a complimentary annual WHOOP Peak membership, supporting its premium-card strategy.
• Positive Sentiment: Bernstein said Robinhood’s prediction-markets business could scale meaningfully, projecting it could reach $1.7 billion by 2028 and potentially overtake crypto revenue sooner than expected.
• Neutral Sentiment: Robinhood is set to report second-quarter results next week, and recent earnings previews suggest investors are focused on whether the company can beat expectations and sustain momentum.
• Neutral Sentiment: The company’s new premium card and growing Gold/Platinum membership base, including 1 million Gold cards, highlight product adoption, but these developments are not immediate catalysts by themselves.
• Negative Sentiment: HOOD is being dragged down by a broader pullback in tech stocks, which has weighed on risk assets and high-beta names like Robinhood.
• Negative Sentiment: ARK Invest’s continued selling of Robinhood shares is adding pressure to sentiment, even though the firm’s moves do not necessarily reflect Robinhood’s fundamentals.

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.