Oluwadara Johnson Treseder Sells 1,875 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Oluwadara Treseder sold 1,875 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $234,375.00. Following the completion of the sale, the director directly owned 70,567 shares of the company’s stock, valued at $8,820,875. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oluwadara Johnson Treseder also recently made the following trade(s):

• On Thursday, July 2nd, Oluwadara Treseder sold 3,750 shares of Robinhood Markets stock. The stock was sold at an average price of $117.50, for a total transaction of $440,625.00.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $112.57 on Friday. The firm has a 50 day moving average of $103.62 and a two-hundred day moving average of $89.67. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $101.21 billion, a PE ratio of 49.59, a P/E/G ratio of 2.31 and a beta of 2.34. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted 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. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The business’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. On average, research analysts predict that Robinhood Markets, Inc. will post 2.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HOOD. Parkside Financial Bank & Trust increased its position in shares of Robinhood Markets by 11.9% in the second quarter. Parkside Financial Bank & Trust now owns 1,089 shares of the company’s stock worth $109,000 after acquiring an additional 116 shares in the last quarter. Sivia Capital Partners LLC raised its position in Robinhood Markets by 2.8% in the fourth quarter. Sivia Capital Partners LLC now owns 4,310 shares of the company’s stock valued at $487,000 after purchasing an additional 117 shares during the period. Constant Guidance Financial LLC raised its position in Robinhood Markets by 5.3% in the fourth quarter. Constant Guidance Financial LLC now owns 2,571 shares of the company’s stock valued at $291,000 after purchasing an additional 129 shares during the period. MCF Advisors LLC lifted its stake in shares of Robinhood Markets by 52.6% during the fourth quarter. MCF Advisors LLC now owns 377 shares of the company’s stock worth $43,000 after purchasing an additional 130 shares in the last quarter. Finally, RFG Advisory LLC lifted its stake in shares of Robinhood Markets by 4.0% during the second quarter. RFG Advisory LLC now owns 3,505 shares of the company’s stock worth $351,000 after purchasing an additional 135 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Key Robinhood Markets News

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

• Positive Sentiment: Strong August activity and event-contract growth: Robinhood reported 28.6 million customers and broadly positive August operating metrics. Separately, event-contract activity reportedly increased 15-fold year over year, supporting the company’s diversification beyond traditional brokerage revenue. Robinhood August operating data Robinhood event contracts growth
• Positive Sentiment: New revenue opportunities: Citizens JMP raised its price target to $165 from $155 and maintained a Market Outperform rating. Citizens also projected Robinhood Chain could generate $365 million in revenue by 2027. Robinhood’s underwriting role in the Oura IPO could provide investment-banking fee revenue and create opportunities to participate in larger IPOs. Citizens Robinhood Chain projection Robinhood investment banking ambitions
• Neutral Sentiment: Expansion through partnerships: Robinhood is expanding prediction-market access through arrangements involving Crypto.com and OG.com, although the ultimate financial contribution remains uncertain.
• Negative Sentiment: Regulatory and legal concerns: Robinhood plans to stop offering sports prediction markets in Michigan amid litigation. A broader legal update highlights rapidly changing rules across several states, creating uncertainty around the company’s prediction-market growth strategy. Robinhood Michigan prediction markets lawsuit Prediction markets legal update
• Negative Sentiment: Tokenization faces scrutiny: Objections from securities issuers and unresolved regulatory questions could raise compliance costs and slow Robinhood’s international rollout of tokenized stocks. Robinhood tokenized-stock scrutiny
• Negative Sentiment: Insider sale: Director Oluwadara Treseder sold 1,875 shares for approximately $234,375 under a pre-arranged Rule 10b5-1 plan. The sale was small relative to her remaining stake but may add modest caution.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HOOD. Wall Street Zen upgraded shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. Jefferies Financial Group boosted their target price on Robinhood Markets from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday. Loop Capital set a $142.00 price target on Robinhood Markets in a report on Tuesday. Needham & Company LLC decreased their price objective on shares of Robinhood Markets from $123.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Robinhood Markets from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.83.

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.