Robinhood Markets (NASDAQ:HOOD) Price Target Cut to $134.00 by Analysts at Deutsche Bank Aktiengesellschaft

Robinhood Markets (NASDAQ:HOOD) had its price target reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $138.00 to $134.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 14.71% from the stock’s previous close.

A number of other analysts have also recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Robinhood Markets from $124.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Piper Sandler restated an “overweight” rating and set a $145.00 price objective (up from $135.00) on shares of Robinhood Markets in a research report on Wednesday, September 2nd. BTIG Research boosted their price objective on Robinhood Markets from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC decreased their target price on Robinhood Markets from $123.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, China Renaissance started coverage on Robinhood Markets in a research note on Tuesday, July 7th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $132.83.

Robinhood Markets Stock Performance

NASDAQ:HOOD traded up $0.36 on Tuesday, hitting $116.82. The company’s stock had a trading volume of 3,077,237 shares, compared to its average volume of 27,265,959. Robinhood Markets has a one year low of $63.51 and a one year high of $153.86. The firm has a market capitalization of $105.03 billion, a P/E ratio of 51.52, a price-to-earnings-growth ratio of 2.38 and a beta of 2.34. The stock has a fifty day moving average of $105.03 and a two-hundred day moving average of $92.80. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. Research analysts predict that Robinhood Markets will post 2.15 earnings per share for the current year.

Insiders Place Their Bets

In other Robinhood Markets news, insider Steven M. Quirk sold 24,416 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total value of $2,937,977.28. Following the sale, the insider owned 77,839 shares of the company’s stock, valued at approximately $9,366,366.87. This trade represents a 23.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $122.43, for a total value of $1,224,300.00. Following the completion of the transaction, the insider owned 509,943 shares in the company, valued at approximately $62,432,321.49. This represents a 1.92% decrease in their position. 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 1,121,121 shares of company stock valued at $132,674,478 over the last 90 days. 13.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Robinhood Markets

A number of hedge funds have recently made changes to their positions in HOOD. QRG Capital Management Inc. increased its position in Robinhood Markets by 14.8% during the 2nd quarter. QRG Capital Management Inc. now owns 180,595 shares of the company’s stock worth $18,110,000 after purchasing an additional 23,253 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Robinhood Markets by 31.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,529 shares of the company’s stock worth $1,557,000 after acquiring an additional 3,738 shares during the last quarter. Capstone Financial Advisors Inc. increased its holdings in Robinhood Markets by 17.5% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,569 shares of the company’s stock worth $358,000 after purchasing an additional 532 shares in the last quarter. Whetstone Capital Advisors LLC raised its position in Robinhood Markets by 8.8% in the second quarter. Whetstone Capital Advisors LLC now owns 54,755 shares of the company’s stock valued at $5,491,000 after purchasing an additional 4,419 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Robinhood Markets by 5.1% during the second quarter. National Pension Service now owns 2,298,238 shares of the company’s stock worth $230,467,000 after purchasing an additional 112,365 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

More Robinhood Markets News

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

• Positive Sentiment: Analysts raise price targets: Goldman Sachs lifted its target to $145 from $144 while maintaining a Buy rating. BTIG also raised its target to $135 from $125 and reiterated Buy, citing September trading metrics that point to a solid third quarter. Goldman Sachs target BTIG target and trading metrics
• Positive Sentiment: Trading trends remain supportive: BTIG said month-to-date September volumes reinforce expectations for a strong quarter, potentially benefiting transaction revenue and earnings. Robinhood’s latest reported quarter also featured revenue growth of 32.5% year over year and an EPS beat.
• Positive Sentiment: Expansion beyond trading: Morgan Stanley highlighted Robinhood’s on-chain initiatives as a growth opportunity beyond crypto trading. Management is also positioning trading as a customer-acquisition engine for wealth management and longer-term asset retention, which could create steadier recurring revenue. Morgan Stanley on Robinhood’s on-chain strategy
• Neutral Sentiment: Ratings remain divided: Keefe, Bruyette & Woods raised its target to $115 from $100 but kept a Market Perform rating, implying limited upside at recent levels. The average Wall Street recommendation remains equivalent to Buy, though the article cautions that optimistic analyst ratings may have limited predictive value. KBW target
• Neutral Sentiment: New IPO role: Robinhood is an underwriter for Oura’s proposed $15 billion-plus IPO, its first such role. The deal could strengthen Robinhood’s investment-banking and retail-distribution profile, but its direct financial impact is likely modest initially.
• Negative Sentiment: Macro headwinds: Rising oil prices, inflation concerns, and higher yields are pressuring rate-sensitive fintech stocks, including Robinhood, and could weigh on trading activity or investor risk appetite. Fintech pressure from rising yields
• Negative Sentiment: Valuation risk: At a market capitalization above $100 billion and a forward-looking growth story already reflected in the share price, investors may demand continued strong execution. Rothschild & Co. Reburn maintained a Sell rating and raised its target only to $85 from $80.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) operates a financial services platform designed to provide investing and trading products through mobile applications and a website. Its offerings include commission-free trading in stocks and exchange-traded funds, options trading, cryptocurrency services, margin investing, and retirement accounts. The company also provides cash management features and other tools intended to help customers manage and invest their money.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood gained prominence by expanding access to investing through a low-cost, easy-to-use digital platform.