Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 49,223 shares of the business's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $95.09, for a total transaction of $4,680,615.07. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Baiju Bhatt also recently made the following trade(s):
- On Thursday, June 11th, Baiju Bhatt sold 57,898 shares of Robinhood Markets stock. The stock was sold at an average price of $89.63, for a total transaction of $5,189,397.74.
- On Wednesday, May 20th, Baiju Bhatt sold 67,422 shares of Robinhood Markets stock. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36.
Robinhood Markets Price Performance
NASDAQ:HOOD opened at $92.76 on Wednesday. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86. The company's 50-day simple moving average is $97.27 and its 200 day simple moving average is $88.02. The firm has a market capitalization of $83.53 billion, a P/E ratio of 44.81, a PEG ratio of 2.02 and a beta of 2.33.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $0.37 EPS. Robinhood Markets's revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities research analysts expect that Robinhood Markets, Inc. will post 1.86 earnings per share for the current fiscal year.
Key Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Analysts have raised their Robinhood price targets ahead of earnings, reflecting optimism about user growth, stock-trading activity, new products and the company’s longer-term expansion opportunities. FactSet estimates call for second-quarter earnings of approximately $0.43 per share. Analysts hike Robinhood stock price target ahead of July 29 earnings
- Positive Sentiment: Robinhood’s push into prediction markets could provide a new source of transaction revenue. The company is reportedly exploring a partnership with Crypto.com that could expand market access, improve reliability and allow Robinhood to capture more economics, although regulatory risks remain. HOOD Eyes Deeper Push Into Prediction Markets
- Positive Sentiment: Robinhood’s blockchain strategy is attracting attention: the company reportedly built its chain rapidly, and it leads tokenized stocks by holder count with a 44% share. Successful adoption could diversify the business beyond traditional trading. Robinhood Leads Tokenized Stocks by Holders but Not by Money
- Neutral Sentiment: Robinhood will livestream the IPO roadshow for Robinhood Ventures Fund II on August 3 through its app and YouTube, increasing retail investor access but providing limited immediate earnings impact. Robinhood Opens Ventures Fund II Roadshow
- Negative Sentiment: Trading volumes on Robinhood Chain are reportedly weakening as interest in memecoins fades, raising concerns that crypto-related revenue may remain soft in the quarter. Robinhood Chain’s Trading Volumes Slump
- Negative Sentiment: Investors are also concerned about rising expenses and HOOD’s high valuation, making the earnings release and management outlook especially important. Buy, Hold or Sell Robinhood Stock?
- Negative Sentiment: CEO Vlad Tenev disclosed that his X account was hacked and used to promote a fake memecoin. Although the account was restored and the post removed, the incident creates reputational and platform-security concerns. Robinhood CEO Vlad Tenev says X account was hacked
- Negative Sentiment: Director Baiju Bhatt sold approximately $4.7 million of HOOD shares under a pre-arranged Rule 10b5-1 plan. The planned nature reduces the signal, but the transaction can still weigh on sentiment before earnings.
Hedge Funds Weigh In On Robinhood Markets
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its stake in Robinhood Markets by 152.6% during 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 during the last quarter. CYBER HORNET ETFs LLC raised its stake in shares of Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at $27,000. MV Capital Management Inc. bought a new position in shares of Robinhood Markets during the fourth quarter valued at $27,000. Finally, Swiss RE Ltd. purchased a new stake in shares of Robinhood Markets during the fourth quarter valued at $27,000. 93.27% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on HOOD shares. Keefe, Bruyette & Woods reduced their price objective on Robinhood Markets from $75.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, April 29th. Truist Financial dropped their target price on Robinhood Markets from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, April 13th. Wall Street Zen raised Robinhood Markets from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 12th. Loop Capital set a $110.00 price target on Robinhood Markets in a report on Wednesday, June 17th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Robinhood Markets in a research report on Thursday, May 28th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Robinhood Markets currently has a consensus rating of "Moderate Buy" and an average target price of $122.22.
Check Out Our Latest Stock Analysis on Robinhood Markets
Robinhood Markets Company Profile
(
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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