Vertrix Wealth Management LLC Invests $365,000 in Robinhood Markets, Inc. $HOOD

Vertrix Wealth Management LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,265 shares of the company’s stock, valued at approximately $365,000.

A number of other institutional investors have also recently bought and sold shares of HOOD. Sound Income Strategies LLC lifted its position 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 buying an additional 145 shares during the last quarter. CYBER HORNET ETFs LLC lifted its holdings in Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Robinhood Markets during the 4th quarter valued at $27,000. MV Capital Management Inc. bought a new position in Robinhood Markets during the fourth quarter worth $27,000. Finally, Swiss RE Ltd. acquired a new position in shares of Robinhood Markets in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $108.65 on Thursday. The company has a market capitalization of $97.84 billion, a P/E ratio of 52.49, a P/E/G ratio of 2.36 and a beta of 2.33. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86. The business’s 50 day simple moving average is $86.69 and its 200 day simple moving average is $89.49.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the subject of a number of research reports. Zacks Research upgraded shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Citizens Jmp restated a “market outperform” rating and set a $155.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 28th. Loop Capital set a $110.00 target price on Robinhood Markets in a research report on Wednesday, June 17th. Morgan Stanley lowered their target price on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Finally, Jefferies Financial Group reduced their price target on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Twenty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.35.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood launched the public mainnet of Robinhood Chain, a Layer 2 blockchain designed for real-world assets, with integrations from Arbitrum, Alchemy, BitGo, and Chainlink. That move strengthens Robinhood’s crypto and tokenization strategy and could open new revenue streams. Article Title
• Positive Sentiment: The company unveiled new AI-powered crypto trading tools for U.S. users, expanded perpetual futures offerings in Europe, and signaled plans to enter or expand in Canada, Singapore, and the U.K., boosting hopes for faster international growth. Article Title
• Positive Sentiment: Robinhood’s broader crypto push, including plans to launch crypto trading in the U.K. and expand its European futures product set, is helping investors view HOOD as a more diversified financial platform rather than just a brokerage. Article Title
• Neutral Sentiment: Analyst and media coverage continues to highlight Robinhood as a strong Q2 finance stock, which supports sentiment but is less directly tied to the stock’s move than the new product announcements. Article Title
• Neutral Sentiment: Deutsche Bank raised its price target on Robinhood to $113 and kept a buy rating, adding another supportive signal for investors. Article Title
• Negative Sentiment: Some coverage still points to concerns about Robinhood’s core earnings quality and valuation, reminding investors that the stock’s rally may depend on execution across its newer growth bets. Article Title

Insider Activity at Robinhood Markets

In related news, CFO Shiv Verma sold 3,984 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $98.84, for a total value of $393,778.56. Following the completion of the transaction, the chief financial officer owned 59,927 shares of the company’s stock, valued at $5,923,184.68. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 10,837 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $85.91, for a total transaction of $931,006.67. Following the sale, the insider directly owned 81,989 shares of the company’s stock, valued at $7,043,674.99. This represents a 11.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders acquired 680,000 shares of company stock worth $55,306,560 and sold 633,484 shares worth $47,542,923. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Company Profile

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.