Tag: Initiated Coverage

Argus assumed coverage on shares of Robinhood Markets (NASDAQ:HOOD – Free Report) in a research note issued to investors on Friday morning, MarketBeat reports. The firm issued a buy rating and a $145.00 price target on the stock.

A number of other brokerages have also commented on HOOD. Truist Financial assumed coverage on Robinhood Markets in a research report on Wednesday, December 17th. They issued a “buy” rating and a $155.00 price objective on the stock. Cantor Fitzgerald decreased their price target on Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Citigroup boosted their price objective on Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Zacks Research lowered shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Compass Point reissued a “buy” rating on shares of Robinhood Markets in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.62.

Check Out Our Latest Stock Report on HOOD

Robinhood Markets Stock Down 0.1%

Shares of NASDAQ HOOD opened at $115.27 on Friday. The company has a market cap of $103.65 billion, a price-to-earnings ratio of 47.83, a price-to-earnings-growth ratio of 1.75 and a beta of 2.44. Robinhood Markets has a 12-month low of $29.66 and a 12-month high of $153.86. The firm’s 50-day simple moving average is $123.32 and its 200 day simple moving average is $118.03.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business earned $0.17 earnings per share. Robinhood Markets’s quarterly revenue was up 100.0% on a year-over-year basis. On average, equities analysts expect that Robinhood Markets will post 1.35 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Steven M. Quirk sold 49,942 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the transaction, the insider owned 54,496 shares of the company’s stock, valued at $7,147,150.40. This trade represents a 47.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $121.58, for a total transaction of $1,215,800.00. Following the transaction, the insider owned 403,612 shares of the company’s stock, valued at approximately $49,071,146.96. This represents a 2.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,296,763 shares of company stock worth $414,016,996 over the last ninety days. Company insiders own 14.47% of the company’s stock.

Institutional Trading of Robinhood Markets

Several hedge funds have recently added to or reduced their stakes in HOOD. North Star Investment Management Corp. grew its stake in Robinhood Markets by 44.9% in the third quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares during the period. First Command Advisory Services Inc. grew its position in shares of Robinhood Markets by 33.8% in the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 81 shares during the period. CogentBlue Wealth Advisors LLC increased its stake in Robinhood Markets by 3.8% during the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC increased its stake in Robinhood Markets by 5.5% during the 3rd quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock worth $269,000 after purchasing an additional 97 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after buying an additional 99 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Key Robinhood Markets News

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

• Positive Sentiment: Argus initiated coverage with a Buy and $145 price target (roughly mid‑teens upside vs. current levels), providing fresh analyst support for the bullish case. Argus initiates coverage
• Positive Sentiment: Barclays kept an “Overweight” stance while trimming its target to $159 — still signaling sizeable upside and institutional confidence in growth prospects. Barclays lowers target to $159
• Positive Sentiment: High‑profile media/analyst notes (including Jim Cramer and Zacks pieces) are highlighting HOOD as a longer‑term growth story and as a momentum/crypto‑exposure play, which can support retail interest and trading volumes. Jim Cramer bullish on Robinhood
• Neutral Sentiment: Institutional positioning shows active adjustments (e.g., Nordea and others buying small additional stakes), leaving ownership high (~93% institutional) — this can amplify both upside and downside moves depending on flow.
• Negative Sentiment: Large insider selling: CEO Vladimir Tenev sold 375,000 shares (~$45.6M), CTO Jeffrey Pinner sold 5,864 shares, and another senior insider sold 10,000 shares — big disclosed sales that typically weigh on near‑term sentiment. CEO Form 4 CTO Form 4
• Negative Sentiment: Zacks downgraded HOOD from “strong‑buy” to “hold,” a move that can prompt momentum‑based selling and reduce near‑term buy pressure from retail/quant strategies. Zacks downgrade
• Negative Sentiment: Escalating legal dispute reported with Native American groups over prediction market activity introduces litigation and regulatory risk that could produce headlines and potential costs. Legal escalation report