Robinhood Markets (NASDAQ:HOOD) Trading Up 1.2% – Here’s What Happened

Robinhood Markets, Inc. (NASDAQ:HOOD)’s share price shot up 1.2% during mid-day trading on Thursday . The stock traded as high as $124.25 and last traded at $117.16. 23,954,931 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 39,044,859 shares. The stock had previously closed at $115.80.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Truist initiated coverage / bullish commentary — Truist analysts have pushed a constructive view on HOOD, with public interviews outlining a clear bull case, supporting investor sentiment and likely contributing to buying interest. Robinhood Markets (NASDAQ:HOOD) Coverage Initiated at Truist Financial
• Positive Sentiment: Product expansion: prediction markets & sports-betting features — Robinhood is expanding prediction-market tools (NFL combos, player contracts) and positioning for sports-related trading, which could increase user activity and new revenue streams. Media and exec interviews highlight this as a strategic growth lever. Robinhood expands services tied to prediction markets as rivals take the gloves off
• Positive Sentiment: Sector tailwinds and firm-level recognition — Barclays and other outlets cite a favorable 2026 outlook for wealth brokers and alternative-asset managers, naming Robinhood as a beneficiary; that macro view supports investor appetite for HOOD. Robinhood (HOOD) Beneficiary of Barclays’ Positive 2026 Outlook for Wealth Brokers and Alternative Asset Managers Amid Mixed Exchange Environment
• Neutral Sentiment: WonderFi deal outside-date extended to June 1, 2026 — Robinhood and WonderFi agreed to push the transaction closing deadline, while continuing integration planning for a Canadian rollout; this maintains an acquisition catalyst but delays timing and certainty. WonderFi Announces Extension to the Outside Date for Robinhood Transaction
• Neutral Sentiment: Analysis pieces on prediction markets’ upside — Several analysis articles and TV interviews examine whether prediction markets can materially lift revenue and engagement; useful for context but outcome depends on adoption and monetization. Robinhood: Will Prediction Markets Drive Stock Higher?
• Negative Sentiment: Valuation and market-risk concerns — Coverage notes that HOOD’s rally has left it with an elevated valuation and exposed it to broader market volatility; investors should factor valuation when sizing positions. These 2 Financial Stocks Beat the Market by 208% and 55% in 2025. Should You Buy Them in 2026?
• Negative Sentiment: Political/AI scrutiny — CEO Vlad Tenev has publicly responded to lawmakers’ concerns about AI and retail exposure to private AI firms; heightened political attention can raise regulatory risk and investor uncertainty. Robinhood’s Vlad Tenev Addresses Bernie Sanders’ AI Concerns

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HOOD shares. Citizens Jmp boosted their target price on shares of Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a report on Friday, November 7th. CICC Research initiated coverage on shares of Robinhood Markets in a report on Monday, October 27th. They set an “outperform” rating and a $155.00 price target on the stock. Bank of America decreased their price objective on Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Keefe, Bruyette & Woods raised their target price on Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Finally, Mizuho upped their price target on Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.25.

Robinhood Markets Stock Up 3.6%

The firm has a market cap of $109.12 billion, a P/E ratio of 50.35, a P/E/G ratio of 2.31 and a beta of 2.43. The business’s 50 day moving average is $129.19 and its two-hundred day moving average is $113.54.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The business’s revenue was up 100.0% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Baiju Bhatt sold 1,330,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $128.47, for a total transaction of $170,865,100.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,686,763 shares of company stock valued at $475,858,262 in the last ninety days. 14.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Robinhood Markets by 24.9% in the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after buying an additional 18,824,923 shares in the last quarter. State Street Corp grew its stake in Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after acquiring an additional 16,375,734 shares during the period. Geode Capital Management LLC increased its holdings in shares of Robinhood Markets by 4.0% during the second quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock valued at $1,233,840,000 after acquiring an additional 507,926 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of Robinhood Markets by 3,615.7% during the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after acquiring an additional 11,244,182 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Robinhood Markets during the second quarter worth approximately $973,122,000. 93.27% of the stock is owned by institutional investors.

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.