Robinhood Markets (NASDAQ:HOOD) CAO Sells $381,636.36 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CAO Dara Bazzano sold 4,473 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $85.32, for a total value of $381,636.36. Following the sale, the chief accounting officer owned 3,000 shares of the company’s stock, valued at approximately $255,960. This represents a 59.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Up 2.0%

Shares of HOOD traded up $1.73 during trading hours on Wednesday, reaching $87.41. The stock had a trading volume of 20,040,660 shares, compared to its average volume of 26,463,781. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $144.77. The firm has a 50-day simple moving average of $107.65 and a 200 day simple moving average of $92.69. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $78.59 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 1.82 and a beta of 2.56.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. Robinhood Markets’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 EPS. Equities research analysts predict that Robinhood Markets, Inc. will post 2.11 earnings per share for the current fiscal year.

Robinhood Markets News Summary

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

• Positive Sentiment: Management highlighted cost discipline, growing customer deposits, and expansion into prediction markets and banking on the Q3 earnings call. EPS topped estimates, though revenue fell short of expectations. Robinhood Q3 Earnings Call Highlights Cost Discipline and Expansion
• Positive Sentiment: Rapid growth in transfers of tokenized stocks on Robinhood’s blockchain could create additional fee revenue, supporting optimism about newer business lines. This 1 Market Niche Is Growing at an Exponential Rate for Robinhood
• Positive Sentiment: A Goldman Sachs assessment suggested regulated platforms such as Robinhood could benefit if the Binance hack prompts crypto customers to favor regulated firms. Goldman Sachs names stock winners and losers after $6.3 bln Binance heist
• Neutral Sentiment: SkyFi’s satellite-intelligence service is now available through Robinhood Agents, adding a new capability to the platform; the near-term revenue impact is unclear. SkyFi’s Satellite Intelligence Now Available as a Robinhood Agent App
• Negative Sentiment: Zacks Research downgraded HOOD from “strong-buy” to “hold,” adding pressure amid concerns about the company’s growth outlook. Zacks Research recommendations
• Negative Sentiment: Crypto revenue dropped 55% in Q3, while total revenue growth slowed to 12%, highlighting exposure to cooling crypto activity. Robinhood in a “Food Fight” for Anthropic IPO Shares as Crypto Trading Cools

Analyst Ratings Changes

Several research firms have recently commented on HOOD. JPMorgan Chase & Co. decreased their target price on shares of Robinhood Markets from $115.00 to $114.00 and set a “neutral” rating for the company in a research report on Wednesday, October 28th. Bank of America lifted their price target on Robinhood Markets from $140.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Compass Point boosted their price objective on Robinhood Markets from $126.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. UBS Group reissued a “buy” rating on shares of Robinhood Markets in a research note on Friday, October 30th. Finally, Raymond James Financial restated a “market perform” rating on shares of Robinhood Markets in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and an average target price of $126.45.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Robinhood Markets in the 2nd quarter worth $379,695,000. Amundi increased its position in shares of Robinhood Markets by 89.0% in the first quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after acquiring an additional 3,007,103 shares during the period. Renaissance Technologies LLC raised its stake in shares of Robinhood Markets by 48.6% during the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after acquiring an additional 1,668,400 shares during the last quarter. Hound Partners LLC bought a new position in shares of Robinhood Markets during the first quarter valued at about $73,150,000. Finally, Amova Asset Management Americas Inc. raised its stake in shares of Robinhood Markets by 15.0% during the first quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after acquiring an additional 685,041 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Company Profile

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.