Key Points
- Director Meyer Malka bought 181,000 Robinhood shares at $83.45 each, spending about $15.1 million. The purchase increased his direct holdings to 3.67 million shares and signals insider confidence.
- Robinhood’s latest quarterly results were mixed: earnings per share of $0.38 slightly missed estimates, and revenue of $1.07 billion also came in below expectations, even though revenue still rose 15.1% year over year.
- Analysts remain generally constructive on the stock, with a Moderate Buy consensus and a target price around $105.96, while many firms have recently trimmed their price targets.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Meyer Malka purchased 181,000 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of $83.45 per share, for a total transaction of $15,104,450.00. Following the completion of the acquisition, the director directly owned 3,674,427 shares in the company, valued at $306,630,933.15. The trade was a 5.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Meyer Malka also recently made the following trade(s):
- On Thursday, May 28th, Meyer Malka purchased 249,000 shares of Robinhood Markets stock. The shares were purchased at an average price of $80.39 per share, for a total transaction of $20,017,110.00.
Robinhood Markets Trading Down 6.0%
Shares of NASDAQ:HOOD opened at $82.85 on Thursday. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The firm's 50-day moving average is $77.51 and its 200 day moving average is $93.34. The company has a market capitalization of $74.61 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 2.64 and a beta of 2.35.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $0.37 EPS. The company's quarterly revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts forecast that Robinhood Markets, Inc. will post 1.85 EPS for the current fiscal year.
Analyst Ratings Changes
HOOD has been the topic of a number of research reports. Piper Sandler cut their target price on shares of Robinhood Markets from $155.00 to $135.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 11th. Truist Financial cut their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday, April 13th. Jefferies Financial Group cut their target price on shares of Robinhood Markets from $88.00 to $84.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. JPMorgan Chase & Co. cut their price objective on shares of Robinhood Markets from $113.00 to $92.00 and set a "neutral" rating on the stock in a research report on Thursday, April 23rd. Finally, Argus dropped their price objective on shares of Robinhood Markets from $102.00 to $90.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Nineteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.96.
Read Our Latest Analysis on HOOD
Institutional Trading of Robinhood Markets
Several large investors have recently made changes to their positions in the business. Caisse Des Depots ET Consignations acquired a new stake in shares of Robinhood Markets during the 3rd quarter valued at about $3,984,000. Aberdeen Group plc raised its holdings in Robinhood Markets by 565.1% in the 3rd quarter. Aberdeen Group plc now owns 185,538 shares of the company's stock worth $26,565,000 after purchasing an additional 157,643 shares during the period. NEOS Investment Management LLC acquired a new position in Robinhood Markets in the 3rd quarter worth about $11,994,000. New York Life Investment Management LLC acquired a new position in Robinhood Markets in the 3rd quarter worth about $14,989,000. Finally, Truist Financial Corp raised its holdings in Robinhood Markets by 88.9% in the 4th quarter. Truist Financial Corp now owns 145,489 shares of the company's stock worth $16,455,000 after purchasing an additional 68,458 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Director Meyer Malka bought 181,000 shares at an average of $83.45, a roughly $15.1 million insider purchase that signals strong confidence from a key company insider.
- Positive Sentiment: Robinhood’s TradePMR unit is expanding its push into wealth management with a new RIA referral program, added client referral tools, AI capabilities, and broader IPO access for advisors’ clients, which could help grow higher-value institutional relationships.
- Positive Sentiment: The company and TradePMR also plan to lower rates on margin and securities-backed lending in July, a move that could make the platform more attractive to registered investment advisors and their clients.
- Positive Sentiment: Robinhood completed its acquisition of WonderFi, giving it an entry into Canada and expanding its crypto footprint with brands such as Bitbuy and Coinsquare.
- Positive Sentiment: New agentic AI trading features and other product launches continue to reinforce the market’s view that Robinhood is evolving into a broader “super app” for investing and financial services.
- Neutral Sentiment: Several reports this week highlighted Robinhood’s conference for advisors and its efforts to deepen TradePMR’s platform, but these updates are mainly execution milestones rather than immediate financial catalysts.
- Neutral Sentiment: Bitcoin weakness remains a backdrop for Robinhood because the company has meaningful crypto exposure, but the direct stock impact is less clear from the latest articles.
- Negative Sentiment: Robinhood still faces competitive pressure as Binance rolls out U.S. stock and ETF trading, which could intensify competition in its core brokerage market.
- Negative Sentiment: Analysts have also noted that Robinhood must show more than AI excitement alone to justify its valuation, especially after the stock’s strong recent run.
About Robinhood Markets
(
Get Free Report)
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.
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