Robinhood Markets (NASDAQ:HOOD) Research Coverage Started at Rosenblatt Securities

Rosenblatt Securities started coverage on shares of Robinhood Markets (NASDAQ:HOOD) in a report published on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $135.00 target price on the stock.

A number of other analysts have also recently commented on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Robinhood Markets in a research note on Tuesday, September 8th. Morgan Stanley increased their price target on shares of Robinhood Markets from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, October 9th. Piper Sandler reissued an “overweight” rating and set a $145.00 price objective (up from $135.00) on shares of Robinhood Markets in a research note on Wednesday, September 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a report on Monday, September 21st. Finally, Evercore began coverage on shares of Robinhood Markets in a research note on Monday, October 12th. They issued an “outperform” rating and a $130.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.29.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $95.07 on Wednesday. Robinhood Markets has a 52 week low of $63.51 and a 52 week high of $150.47. The stock’s fifty day moving average is $109.40 and its 200-day moving average is $97.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $85.48 billion, a PE ratio of 41.88, a PEG ratio of 1.92 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. Equities research analysts expect that Robinhood Markets will post 2.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Shiv Verma sold 11,472 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the completion of the sale, the chief financial officer owned 56,858 shares of the company’s stock, valued at $6,278,260.36. This represents a 16.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the sale, the chief executive officer owned 375,000 shares in the company, valued at approximately $42,645,000. The trade was 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 three months, insiders have sold 1,091,347 shares of company stock valued at $128,447,880. 13.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

A number of large investors have recently added to or reduced their stakes in the company. EULAV Asset Management raised its stake in shares of Robinhood Markets by 47.9% in the 3rd quarter. EULAV Asset Management now owns 325,342 shares of the company’s stock valued at $36,601,000 after purchasing an additional 105,342 shares during the period. Radnor Capital Management LLC bought a new stake in shares of Robinhood Markets in the third quarter valued at about $248,000. MN Wealth Advisors LLC lifted its holdings in shares of Robinhood Markets by 37.4% in the third quarter. MN Wealth Advisors LLC now owns 3,049 shares of the company’s stock valued at $343,000 after purchasing an additional 830 shares in the last quarter. Signaturefd LLC boosted its position in shares of Robinhood Markets by 13.0% during the third quarter. Signaturefd LLC now owns 13,095 shares of the company’s stock worth $1,473,000 after buying an additional 1,502 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in shares of Robinhood Markets by 2.9% during the third quarter. Citizens Financial Group Inc. RI now owns 90,827 shares of the company’s stock worth $10,218,000 after buying an additional 2,570 shares during the period. Institutional investors own 93.27% of the company’s stock.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Analyst support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
• Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
• Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
• Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
• Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
• Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
• Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

Robinhood Markets Company Profile

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.