Robinhood Markets (NASDAQ:HOOD) Trading 3.5% Higher – Still a Buy?
by Teresa Graham · The Cerbat GemRobinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) traded up 3.5% during trading on Monday . The stock traded as high as $71.70 and last traded at $71.62. 20,587,391 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 28,965,162 shares. The stock had previously closed at $69.19.
More Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Sanford C. Bernstein reaffirmed an “Outperform” on HOOD and maintained a $130 price target, a materially higher valuation anchor that likely helped buyer demand. Bernstein Reaffirms $130 Target
- Positive Sentiment: Risk-on crypto rally lifted trading sentiment for brokerages with crypto exposure; coverage notes Robinhood’s improving crypto volumes, recent monthly operating metrics and the board’s $1.5B buyback authorization as supporting factors. QuiverQuant Crypto Rally & Buyback Analysis
- Positive Sentiment: Product/ops win: Robinhood selected Pinwheel’s direct-deposit switch (PreMatch) for Robinhood Banking — a distribution/engagement partnership that can help grow deposits and funded accounts over time. Pinwheel Partnership PR
- Positive Sentiment: Macro product thesis: coverage on growing prediction markets and expanded crypto activity argues for meaningful TAM expansion (some analysts/models suggest multi‑hundred‑billion to $1T potential), providing a longer-term growth narrative for HOOD. Forbes on Prediction Markets
- Neutral Sentiment: Truist trimmed its price target from $120 to $100 but kept a “Buy” rating — a mixed signal that still leaves upside but narrows near-term analyst support. Truist Lowers Target to $100
- Neutral Sentiment: Industry comparison pieces (e.g., Robinhood vs. Schwab) are generating investor attention but highlight divergent business models — useful context for positioning, not an immediate catalyst. Zacks Comparison with Schwab
- Negative Sentiment: Risk/market‑structure concern: Robinhood has restricted some prediction-market contracts amid insider‑trading/manipulation worries — that curbs a high‑growth product channel and raises oversight/regulatory scrutiny questions. Seeking Alpha on Prediction Market Restrictions
- Negative Sentiment: Insider selling is extensive (multiple executives have sold shares in recent months), which can weigh on sentiment despite buybacks; investors should monitor insider flows vs. buyback execution. QuiverQuant Insider Selling Notes
Analyst Ratings Changes
HOOD has been the subject of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $130.00 target price on shares of Robinhood Markets in a research report on Tuesday. Truist Financial decreased their target price on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research report on Friday, March 27th. Mizuho decreased their target price on Robinhood Markets from $135.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. Finally, Argus initiated coverage on Robinhood Markets in a research report on Friday, January 9th. They set a “buy” rating and a $145.00 target price for the company. Eighteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.42.
View Our Latest Analysis on Robinhood Markets
Robinhood Markets Stock Up 10.3%
The stock has a market cap of $71.20 billion, a P/E ratio of 38.39, a PEG ratio of 2.02 and a beta of 2.46. The business has a 50-day simple moving average of $74.74 and a 200-day simple moving average of $107.14.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued 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. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. On average, analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at $26,186,250. The trade was a 50.00% decrease in their ownership of the stock. The sale 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, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $107.48, for a total value of $630,262.72. Following the transaction, the chief technology officer owned 9,133 shares of the company’s stock, valued at approximately $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 in the last three months. 19.95% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of HOOD. Valley National Advisers Inc. lifted its holdings in shares of Robinhood Markets by 113.6% during the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC raised its stake in shares of Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in shares of Robinhood Markets in the fourth quarter valued at $27,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
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.