Key Points
- Robinhood director Baiju Bhatt sold 43,373 shares at an average price of $114.28, totaling approximately $4.96 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, following two earlier sales this year.
- Robinhood reported quarterly earnings of $0.62 per share, exceeding the $0.44 analyst consensus, while revenue rose 32.5% year over year to $1.31 billion.
- Analyst sentiment remains broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $130.88; institutional investors own 93.27% of the company.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 43,373 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $114.28, for a total value of $4,956,666.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Baiju Bhatt also recently made the following trade(s):
- On Friday, August 14th, Baiju Bhatt sold 50,317 shares of Robinhood Markets stock. The shares were sold at an average price of $96.80, for a total transaction of $4,870,685.60.
- On Friday, July 24th, Baiju Bhatt sold 49,223 shares of Robinhood Markets stock. The stock was sold at an average price of $95.09, for a total transaction of $4,680,615.07.
Robinhood Markets Price Performance
Shares of NASDAQ:HOOD opened at $114.33 on Tuesday. The firm has a market cap of $102.79 billion, a price-to-earnings ratio of 50.37, a P/E/G ratio of 2.30 and a beta of 2.34. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $103.56 and a 200 day simple moving average of $90.08.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm posted $0.42 EPS. The business's revenue was up 32.5% compared to the same quarter last year. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 2.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Robinhood Markets
Several hedge funds and other institutional investors have recently modified their holdings of HOOD. CYBER HORNET ETFs LLC grew 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 worth $26,000 after purchasing an additional 190 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of Robinhood Markets during the fourth quarter valued at about $27,000. MV Capital Management Inc. acquired a new position in shares of Robinhood Markets during the fourth quarter valued at about $27,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Robinhood Markets in the second quarter valued at about $27,000. Finally, Glen Eagle Advisors LLC lifted its stake in shares of Robinhood Markets by 812.9% in the fourth quarter. Glen Eagle Advisors LLC now owns 283 shares of the company's stock valued at $32,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on HOOD shares. Barclays reduced their target price on shares of Robinhood Markets from $122.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Zacks Research raised shares of Robinhood Markets from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 3rd. Sanford C. Bernstein reissued an "outperform" rating and set a $160.00 target price on shares of Robinhood Markets in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Robinhood Markets from $136.00 to $138.00 and gave the stock a "buy" rating in a research report on Monday. Finally, China Renaissance began coverage on Robinhood Markets in a research note on Tuesday, July 7th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $130.88.
View Our Latest Stock Analysis on HOOD
More Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Analyst optimism increased. Deutsche Bank raised its price target from $136 to $138 and maintained a “buy” rating, implying approximately 21% upside from the referenced price. Citizens JMP also reportedly lifted its target to $165, reinforcing bullish sentiment.
- Positive Sentiment: Prediction-markets expansion supports growth prospects. Robinhood’s multiyear partnership with Crypto.com will allow it to route selected event contracts through OG.com’s CFTC-regulated exchange and clearinghouse. Robinhood will also receive equity stakes in Crypto.com and OG.com, potentially broadening its product offering and creating strategic upside. Robinhood expands prediction markets with Crypto.com partnership
- Positive Sentiment: Management continues promoting tokenized securities. CEO Vlad Tenev defended Robinhood’s on-chain stock-tokenization strategy, arguing it can provide broader global access to financial assets. Successful execution could strengthen Robinhood’s position in digital assets and international financial infrastructure. Robinhood CEO discusses stock tokenization
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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