Robinhood Markets (NASDAQ:HOOD) Receives “Outperform” Rating from Sanford C. Bernstein
by Doug Wharley · The Cerbat GemRobinhood Markets (NASDAQ:HOOD – Get Free Report)‘s stock had its “outperform” rating reiterated by research analysts at Sanford C. Bernstein in a report issued on Tuesday,Benzinga reports. They currently have a $130.00 price target on the stock. Sanford C. Bernstein’s price objective suggests a potential upside of 65.91% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the stock. Loop Capital set a $130.00 price target on shares of Robinhood Markets in a report on Monday, February 9th. Cantor Fitzgerald lowered their price target on shares of Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a report on Friday, March 27th. Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price target on the stock in a report on Monday, February 9th. Finally, The Goldman Sachs Group lowered their target price on shares of Robinhood Markets from $102.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and a consensus target price of $109.42.
Get Our Latest Stock Analysis on HOOD
Robinhood Markets Trading Up 9.3%
Shares of NASDAQ:HOOD traded up $6.69 during mid-day trading on Tuesday, reaching $78.36. The company had a trading volume of 10,858,544 shares, compared to its average volume of 28,602,668. The firm has a market cap of $70.54 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 1.87 and a beta of 2.46. The company’s 50-day moving average price is $74.90 and its 200-day moving average price is $107.44. Robinhood Markets has a one year low of $39.21 and a one year high of $153.86.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. Robinhood Markets’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. On average, research analysts anticipate that Robinhood Markets will post 1.35 EPS for the current fiscal year.
Insider Activity
In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $69.85, for a total transaction of $698,500.00. Following the completion of the transaction, the insider directly owned 442,849 shares in the company, valued at $30,933,002.65. The trade was a 2.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $107.48, for a total transaction of $630,262.72. Following the transaction, the chief technology officer owned 9,133 shares of the company’s stock, valued at $981,614.84. This trade represents a 39.10% 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 469,239 shares of company stock valued at $34,161,725 over the last 90 days. Company insiders own 19.95% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in HOOD. Vanguard Group Inc. grew its position in Robinhood Markets by 24.9% in the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock worth $13,521,497,000 after acquiring an additional 18,824,923 shares in the last quarter. State Street Corp lifted its stake in Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after purchasing an additional 16,375,734 shares during the last quarter. Norges Bank bought a new stake in Robinhood Markets in the fourth quarter worth $1,202,160,000. Corient Private Wealth LLC lifted its stake in Robinhood Markets by 5,221.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock worth $289,519,000 after purchasing an additional 2,511,743 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in Robinhood Markets in the third quarter worth $322,823,000. 93.27% of the stock is currently 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: Pinwheel chosen as the direct‑deposit launch partner for Robinhood Banking — improves onboarding and deposit switching (could raise customer deposits and wallet share). Read More.
- Positive Sentiment: Bernstein maintains a $130 price target despite a recent steep pullback — signals some sell‑side conviction that HOOD remains materially undervalued versus growth and margins, supporting a constructive medium‑term thesis. Read More.
- Positive Sentiment: Buy‑the‑dip views reappearing (Seeking Alpha) highlight compressed valuation metrics and resilient trading volumes; investors focused on earnings/margin improvement may see a buying opportunity. Read More.
- Neutral Sentiment: Kraken review compares platforms — Kraken markets itself to active traders and may pressure pricing/feature competition, but Robinhood’s broader retail scale and banking push differentiate it. Read More.
- Neutral Sentiment: Zacks and other outlets note HOOD is trending — higher attention can amplify moves both ways depending on catalysts (earnings, guidance, user metrics). Read More.
- Negative Sentiment: Robinhood is restricting/excluding some prediction‑market contracts over insider‑trading/manipulation concerns — could reduce engagement and fee/transaction volumes in a fast‑growing product category and raises compliance/regulatory risk questions. Read More. Read More.
- Negative Sentiment: Several firms trimmed targets (Morgan Stanley to $95, Truist to $100, Citigroup/JMP to $155 reported) — analyst cuts increase near‑term selling pressure and reflect concern about volume sensitivity to market volatility. Read More. Read More. Read More.
About Robinhood Markets
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.