Key Points
- Robinhood director Daniel Gallagher sold 10,000 shares at an average price of $113.71, generating $1.14 million. The sale was conducted under a pre-arranged Rule 10b5-1 plan, and he retained 499,943 shares.
- Robinhood shares opened at $109.51, with a market capitalization of approximately $98.5 billion and a 12-month trading range of $63.51 to $153.56. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.62 EPS and $1.31 billion in revenue.
- Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $133.71; several firms recently raised their targets. Institutional investors own approximately 93.27% of the company.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $113.71, for a total value of $1,137,100.00. Following the completion of the transaction, the insider owned 499,943 shares in the company, valued at $56,848,518.53. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robinhood Markets Stock Down 2.2%
Shares of Robinhood Markets stock opened at $109.51 on Thursday. The business has a fifty day simple moving average of $107.09 and a 200 day simple moving average of $94.62. The stock has a market cap of $98.46 billion, a PE ratio of 48.24, a price-to-earnings-growth ratio of 2.19 and a beta of 2.35. 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, Inc. has a 12 month low of $63.51 and a 12 month high of $153.56.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating 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 firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The company's quarterly revenue was up 32.5% on a year-over-year basis. Research analysts predict that Robinhood Markets, Inc. will post 2.14 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on HOOD. KeyCorp increased their target price on shares of Robinhood Markets from $100.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Zacks Research upgraded shares of Robinhood Markets from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. BTIG Research raised their price objective on Robinhood Markets from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, September 29th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $160.00 price objective on shares of Robinhood Markets in a research note on Tuesday, September 8th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Robinhood Markets in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $133.71.
Get Our Latest Stock Report on Robinhood Markets
Key Stories Impacting Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Barclays raised its price target to $132 from $105 and maintained an “Overweight” rating, signaling confidence in Robinhood’s growth prospects and implying meaningful upside from recent levels. Barclays price target report
- Positive Sentiment: Robinhood reportedly purchased approximately $25 million of bitcoin for its corporate balance sheet, a move intended to strengthen its connection with the crypto ecosystem. The amount is modest relative to the company’s size, limiting balance-sheet risk. Robinhood bitcoin purchase
- Positive Sentiment: Robinhood Chain integrated with NEAR Intents to support swaps across more than 180 assets, potentially improving liquidity, product breadth and user engagement in its on-chain offerings. Robinhood Chain NEAR integration
- Positive Sentiment: Coverage of Robinhood’s second-quarter results characterized the fintech company as outperforming expectations, reinforcing the investment case around strong revenue growth and expanding profitability. Robinhood Q2 earnings coverage
- Neutral Sentiment: Robinhood’s reported crypto holdings of roughly $25 billion are primarily customer assets held in custody, rather than company-owned treasury investments; this clarifies the balance-sheet exposure but does not create a direct earnings benefit. Robinhood customer crypto custody
- Negative Sentiment: Crypto-market weakness is weighing on Robinhood and Coinbase shares as bitcoin’s rally encounters broader macro and market headwinds, potentially reducing trading activity and transaction revenue. Crypto market weakness report
- Negative Sentiment: State regulators are scrutinizing Robinhood’s rapidly growing prediction-market business, creating a risk that restrictions could reduce sports-contract volumes and limit monetization. Robinhood prediction market regulation
- Negative Sentiment: CEO Vladimir Tenev sold 375,000 shares worth approximately $42.6 million, while director Daniel Gallagher sold 10,000 shares. Both transactions occurred under pre-arranged Rule 10b5-1 plans, which reduces their significance but may still weigh on sentiment. Robinhood insider sale filings
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Central Pacific Bank Trust Division acquired a new stake in shares of Robinhood Markets during the third quarter worth $678,000. Eastern Bank lifted its position in Robinhood Markets by 13.3% in the 3rd quarter. Eastern Bank now owns 1,700 shares of the company's stock valued at $191,000 after acquiring an additional 200 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Robinhood Markets by 14.8% in the 2nd quarter. QRG Capital Management Inc. now owns 180,595 shares of the company's stock worth $18,110,000 after purchasing an additional 23,253 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Robinhood Markets by 31.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,529 shares of the company's stock worth $1,557,000 after purchasing an additional 3,738 shares during the period. Finally, Capstone Financial Advisors Inc. increased its holdings in Robinhood Markets by 17.5% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,569 shares of the company's stock worth $358,000 after purchasing an additional 532 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.
About Robinhood Markets
(
Get Free Report)
Robinhood Markets, Inc (NASDAQ: HOOD) operates a financial services platform designed to provide investing and trading products through mobile applications and a website. Its offerings include commission-free trading in stocks and exchange-traded funds, options trading, cryptocurrency services, margin investing, and retirement accounts. The company also provides cash management features and other tools intended to help customers manage and invest their money.
Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood gained prominence by expanding access to investing through a low-cost, easy-to-use digital platform.
Further Reading
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