Robinhood Markets (NASDAQ:HOOD) Shares Up 5.6% – Here’s Why

Robinhood Markets, Inc. (NASDAQ:HOOD) shares traded up 5.6% during trading on Wednesday . The stock traded as high as $78.11 and last traded at $77.53. 31,944,754 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 30,995,160 shares. The stock had previously closed at $73.39.

More Robinhood Markets News

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

• Positive Sentiment: Crypto-driven intraday rallies lifted expectations for higher trading activity and volume on Robinhood after bitcoin moved higher, helping HOOD bounce on those days. Robinhood (HOOD) Stock Trades Up, Here Is Why
• Positive Sentiment: Robinhood launched a testnet for a new blockchain chain — a strategic move into blockchain infrastructure that could expand future crypto product offerings and revenue streams. Robinhood announces launch of testnet for its brand new chain
• Positive Sentiment: Goldman Sachs adjusted its view citing strong early-year metrics for Robinhood, which supports the narrative that operating momentum (user engagement, new products, international expansion) could re-rate the stock. Goldman Sachs Adjusts Robinhood Markets, Inc. (HOOD) Price Target, Cites Strong Early-Year Metrics
• Neutral Sentiment: Analysis pieces argue Robinhood’s pivot to higher-margin products (pre-IPO access, funds, infrastructure) is underappreciated — a constructive medium-term thesis but not an immediate catalyst. Why The Market Is Missing Robinhood’s High-Margin Makeover
• Neutral Sentiment: Coverage highlights retail-driven volatility and short-term chatter (social / WallStreetBets), which increases trade volume and volatility but does not guarantee sustained direction. Robinhood Stock Climbs Wednesday: What’s Fueling The Move?
• Negative Sentiment: Broad crypto sell-off has been the primary downward driver — weaker crypto trading volumes hit revenue sensitivity and pushed HOOD sharply lower in recent sessions. Crypto Sell-Off Pulls Robinhood Stock Down: Buy Before It Takes Off?
• Negative Sentiment: Macro shock: a hotter-than-expected inflation print revived concern about slower rate cuts, pressuring growth/fintech stocks including HOOD and prompting intraday weakness. Why Robinhood (HOOD) Shares Are Trading Lower Today
• Negative Sentiment: Insider selling (Director Baiju Bhatt sold ~65.7k shares) and analyst price-target trims add to negative sentiment and can cap near-term upside despite positive product news. Insider Selling: Robinhood Markets (NASDAQ:HOOD) Director Sells $4,749,676.20 in Stock

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Robinhood Markets in a report on Monday, December 22nd. The Goldman Sachs Group cut their price target on shares of Robinhood Markets from $152.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Citizens Jmp reissued a “market outperform” rating and set a $180.00 price objective on shares of Robinhood Markets in a research note on Wednesday, February 11th. Barclays cut their target price on Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Finally, Wolfe Research upgraded Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 target price on the stock in a report on Monday, February 9th. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.71.

Robinhood Markets Stock Performance

The firm has a fifty day moving average of $99.23 and a 200-day moving average of $115.97. The stock has a market capitalization of $68.29 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 1.60 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The company’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. On average, analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity

In other news, insider Steven M. Quirk sold 52,540 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total value of $4,613,537.40. Following the completion of the transaction, the insider directly owned 27,564 shares in the company, valued at approximately $2,420,394.84. This represents a 65.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $87.07, for a total transaction of $870,700.00. Following the sale, the insider directly owned 393,612 shares in the company, valued at $34,271,796.84. This trade represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 640,939 shares of company stock worth $77,553,447 over the last three months. Insiders own 14.47% of the company’s stock.

Institutional Trading of Robinhood Markets

Several large investors have recently modified their holdings of the business. Hantz Financial Services Inc. boosted its holdings in Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after purchasing an additional 148 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Robinhood Markets by 152.6% in 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 in the last quarter. CYBER HORNET ETFs LLC boosted its stake in shares of Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of Robinhood Markets by 107.6% during the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after buying an additional 99 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.