Robinhood Markets (NASDAQ:HOOD) Trading 3.1% Higher – Here’s What Happened

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) shot up 3.1% on Monday . The stock traded as high as $85.63 and last traded at $85.04. 19,209,191 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 29,752,832 shares. The stock had previously closed at $82.47.

More Robinhood Markets News

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Wall Street sentiment is improving, with one report saying analysts are becoming more bullish on Robinhood Markets after recent share declines, suggesting some investors see the selloff as a buying opportunity. Wall Street Turns Bullish on Robinhood Markets (HOOD)
• Positive Sentiment: Another article highlighted that Robinhood is “making moves to engineer upside,” indicating the company is taking steps that could support a rebound after a tough year for the stock. Robinhood Making Moves to Engineer Upside
• Neutral Sentiment: A broader market piece about “buying the dip” after a sharp Nasdaq selloff could support sentiment toward high-beta names like Robinhood, but it was not specifically about the company. Buy The Dip? Not So Fast.
• Neutral Sentiment: Several market commentary articles compared Robinhood with other fintech or speculative stocks, keeping HOOD in the discussion but not changing the fundamental picture directly. Robinhood vs. Coinbase: Which Fintech Company Is the Better Buy?
• Negative Sentiment: Two reports flagged insider selling in Robinhood Markets, which can weigh on investor sentiment because it may signal management sees limited near-term upside. Insider Selling: Robinhood Markets (NASDAQ:HOOD) Insider Sells $836,800.00 in Stock
• Negative Sentiment: Robinhood was also labeled a “Bear of the Day,” reinforcing the idea that some market participants remain cautious about the stock’s near-term outlook. Bear of the Day: Robinhood Markets (HOOD)

Analyst Ratings Changes

Several equities research analysts have weighed in on HOOD shares. Piper Sandler dropped their price target on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a report on Friday, March 27th. JPMorgan Chase & Co. reduced their target price on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Mizuho upped their target price on Robinhood Markets from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $130.00 price target on shares of Robinhood Markets in a report on Tuesday, April 14th. Nineteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.54.

Robinhood Markets Price Performance

The company has a market capitalization of $76.58 billion, a PE ratio of 41.08, a PEG ratio of 2.47 and a beta of 2.35. The company has a 50 day moving average of $78.09 and a two-hundred day moving average of $92.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.85 EPS for the current year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $69.83, for a total value of $26,186,250.00. Following the sale, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at approximately $26,186,250. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $76.89, for a total value of $768,900.00. Following the completion of the sale, the insider directly owned 432,849 shares in the company, valued at approximately $33,281,759.61. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 571,602 shares of company stock worth $41,959,746 over the last quarter. 19.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Robinhood Markets by 24.9% in the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock worth $13,521,497,000 after buying an additional 18,824,923 shares in the last quarter. State Street Corp boosted its holdings in shares of Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after acquiring an additional 16,375,734 shares during the last quarter. Norges Bank bought a new stake in Robinhood Markets in the 4th quarter worth approximately $1,202,160,000. Amundi raised its stake in Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after buying an additional 3,007,103 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of Robinhood Markets by 5,221.4% in the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock worth $289,519,000 after buying an additional 2,511,743 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

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.