Key Points
- Insider sale: Robinhood director Oluwadara Treseder sold 1,875 shares for $234,375 at $125 per share under a pre-arranged Rule 10b5-1 plan, reducing her stake by 2.59%.
- Strong quarterly results: Robinhood reported $0.62 in quarterly EPS versus the $0.44 consensus estimate, while revenue rose 32.5% year over year to $1.31 billion.
- Analyst outlook remains positive: The stock carries a “Moderate Buy” consensus rating, with 27 analysts issuing Strong Buy, Buy, or Hold ratings and an average price target of $129.42.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Oluwadara Treseder sold 1,875 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $234,375.00. Following the completion of the transaction, the director owned 70,567 shares in the company, valued at $8,820,875. This trade represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Oluwadara Johnson Treseder also recently made the following trade(s):
- On Thursday, July 2nd, Oluwadara Treseder sold 3,750 shares of Robinhood Markets stock. The stock was sold at an average price of $117.50, for a total transaction of $440,625.00.
Robinhood Markets Price Performance
Shares of NASDAQ HOOD opened at $113.33 on Friday. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The firm has a fifty day simple moving average of $103.63 and a 200 day simple moving average of $89.51. The company has a market capitalization of $101.89 billion, a PE ratio of 49.93, a P/E/G ratio of 2.38 and a beta of 2.34. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.18. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. Robinhood Markets's revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 2.09 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently commented on HOOD. Wall Street Zen upgraded Robinhood Markets from a "strong sell" rating to a "sell" rating in a research report on Sunday, July 12th. Citizens Jmp reiterated a "market outperform" rating and issued a $155.00 target price on shares of Robinhood Markets in a report on Thursday, July 30th. Sanford C. Bernstein reissued an "outperform" rating and issued a $160.00 price target on shares of Robinhood Markets in a research note on Tuesday. Needham & Company LLC cut their price target on Robinhood Markets from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, BTIG Research reaffirmed a "buy" rating and set a $125.00 price objective on shares of Robinhood Markets in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued 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 $129.42.
Check Out Our Latest Report on HOOD
Trending Headlines about Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Analyst raises price target: Jefferies increased its price target for Robinhood to $140 from $127 while maintaining a Buy rating, citing potential upside from current levels. Jefferies raises Robinhood price target
- Positive Sentiment: New growth initiatives: Robinhood continues expanding prediction markets through partnerships with Crypto.com and OG.com. The company also reported August operating data, giving investors another update on customer activity and transaction trends. Robinhood expands prediction markets Robinhood August operating data
- Positive Sentiment: Investment-banking ambitions: CEO Vlad Tenev said Robinhood intends to be disruptive in underwriting after its Oura IPO win, raising the possibility of additional fee revenue from future IPOs, including major technology offerings. Robinhood investment banking ambitions
- Neutral Sentiment: Limited short-interest signal: Reported short interest was zero, meaning there is no meaningful short-squeeze setup indicated by the available data.
- Negative Sentiment: Regulatory and legal friction: Robinhood will stop offering sports prediction markets in Michigan amid litigation. Its broader tokenized-stock strategy is also facing criticism from AMC’s CEO, potentially increasing regulatory and reputational risk. Robinhood Michigan prediction markets lawsuit
- Negative Sentiment: Insider selling: Director Oluwadara Treseder sold 1,875 shares worth $234,375 under a pre-arranged Rule 10b5-1 plan. The sale was modest relative to her remaining stake, but may add some near-term caution.
Institutional Trading of Robinhood Markets
Several large investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC increased its position in Robinhood Markets by 527.8% in 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 in the last quarter. Elyxium Wealth LLC acquired a new stake in Robinhood Markets in the fourth quarter valued at approximately $27,000. MV Capital Management Inc. bought a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $27,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Robinhood Markets during the second quarter worth approximately $27,000. Finally, Swiss RE Ltd. acquired a new stake in Robinhood Markets in the 4th quarter valued at $27,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
About Robinhood Markets
(
Get Free Report)
Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.
The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.
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