Robinhood Markets (NASDAQ:HOOD) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Robinhood Markets (NASDAQ:HOOD) had its target price lifted by stock analysts at Citizens Jmp from $155.00 to $165.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s target price points to a potential upside of 45.59% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Piper Sandler reiterated an “overweight” rating and set a $145.00 price objective (up from $135.00) on shares of Robinhood Markets in a research report on Wednesday, September 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research report on Wednesday, June 24th. KeyCorp boosted their price objective on Robinhood Markets from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Finally, Loop Capital set a $142.00 target price on Robinhood Markets in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.83.

Robinhood Markets Trading Down 1.7%

Shares of HOOD stock opened at $113.33 on Friday. Robinhood Markets 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 stock has a market cap of $101.89 billion, a price-to-earnings ratio of 49.93, a PEG ratio of 2.38 and a beta of 2.34. The stock has a 50-day moving average of $103.63 and a 200-day moving average of $89.51.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, equities research analysts forecast that Robinhood Markets will post 2.09 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Steven Quirk sold 24,416 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total transaction of $2,937,977.28. Following the transaction, the insider directly owned 77,839 shares of the company’s stock, valued at approximately $9,366,366.87. This represents a 23.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $122.43, for a total value of $1,224,300.00. Following the completion of the sale, the insider directly owned 509,943 shares of the company’s stock, valued at $62,432,321.49. This trade represents a 1.92% decrease in their position. 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 sold a total of 570,260 shares of company stock worth $64,115,060 over the last 90 days. 13.48% of the stock is owned by company insiders.

Institutional Trading of Robinhood Markets

Several hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in shares of Robinhood Markets by 46.7% during the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after buying an additional 15,885 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Robinhood Markets during the 2nd quarter valued at about $5,105,000. Federated Hermes Inc. increased its holdings in Robinhood Markets by 106.2% during the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock worth $5,988,000 after purchasing an additional 32,933 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Robinhood Markets by 19.1% during the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock worth $8,396,000 after purchasing an additional 14,356 shares in the last quarter. Finally, Nebula Research & Development LLC purchased a new stake in shares of Robinhood Markets in the second quarter worth approximately $1,316,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Event-contract growth: Robinhood reported 15-fold year-over-year growth in event contracts, supporting expectations that prediction markets could become a meaningful new revenue stream. Robinhood event-contract growth
• Positive Sentiment: Expansion of prediction markets: Partnerships with Crypto.com and OG.com are intended to broaden Robinhood’s prediction-market access and distribution. The company also released August operating data, giving investors an updated view of platform activity. Robinhood Crypto.com prediction-markets deal Robinhood OG.com partnership
• Positive Sentiment: Higher analyst target: Jefferies raised its price target to $140 from $127 and maintained a Buy rating, signaling continued confidence in Robinhood’s growth prospects. Jefferies raises Robinhood price target
• Positive Sentiment: Investment-banking ambitions: CEO Vlad Tenev said Robinhood aims to expand its underwriting business after the Oura IPO, potentially adding higher-margin fee revenue and increasing its role in future technology IPOs. Robinhood investment-banking ambitions
• Neutral Sentiment: Short-interest data: Reported short interest was zero, providing no meaningful evidence of either substantial bearish positioning or short-squeeze potential.
• Negative Sentiment: Legal and regulatory risk: Robinhood plans to stop offering sports prediction markets in Michigan amid a lawsuit. Separately, its tokenized-stock strategy has drawn criticism from AMC CEO Adam Aron, increasing reputational and regulatory uncertainty. Robinhood Michigan prediction-markets lawsuit Robinhood tokenized-stock dispute
• Negative Sentiment: Insider selling: Director Oluwadara Treseder sold 1,875 shares for $234,375 under a pre-arranged Rule 10b5-1 plan. The sale reduced her holdings by 2.59%, although she retains a substantial stake, limiting the signal’s severity. Robinhood director insider sale

Robinhood Markets Company Profile

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.