Robinhood Markets’ (HOOD) Market Outperform Rating Reaffirmed at Citizens Jmp

Citizens Jmp reaffirmed their market outperform rating on shares of Robinhood Markets (NASDAQ:HOOD) in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a $155.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the company. Argus upped their target price on Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. The Goldman Sachs Group raised their price target on Robinhood Markets from $121.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Mizuho lifted their price objective on Robinhood Markets from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. KeyCorp upped their price objective on shares of Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Finally, Barclays dropped their target price on shares of Robinhood Markets from $122.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average target price of $120.30.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $86.60 on Thursday. The company has a market capitalization of $77.98 billion, a PE ratio of 38.15, a P/E/G ratio of 1.83 and a beta of 2.33. The company has a 50 day moving average price of $97.76 and a 200-day moving average price of $87.64. Robinhood Markets has a fifty-two week low of $63.51 and a fifty-two week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.18. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Robinhood Markets had a return on equity of 22.68% and a net margin of 42.01%.Robinhood Markets’s revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share. On average, analysts forecast that Robinhood Markets will post 1.94 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Steven M. Quirk sold 19,377 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the completion of the sale, the insider directly owned 62,612 shares in the company, valued at $7,510,935.52. This represents a 23.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $116.17, for a total value of $43,563,750.00. Following the sale, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $43,563,750. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders bought 680,000 shares of company stock worth $55,306,560 and sold 631,263 shares worth $66,793,857. 13.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in shares of Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after buying an additional 15,885 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Robinhood Markets during the 2nd quarter worth approximately $5,105,000. Federated Hermes Inc. lifted its position in Robinhood Markets by 106.2% during the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock valued at $5,988,000 after acquiring an additional 32,933 shares during the last quarter. NewEdge Advisors LLC lifted its position in Robinhood Markets by 19.1% during the second quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock valued at $8,396,000 after acquiring an additional 14,356 shares during the last quarter. Finally, Nebula Research & Development LLC acquired a new stake in Robinhood Markets in the second quarter valued at approximately $1,316,000. 93.27% of the stock is currently owned by institutional investors.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood reported record second-quarter revenue of $1.31 billion, up 32% year over year, while diluted EPS of $0.62 exceeded the $0.44 analyst consensus. Net deposits reached a record $22 billion and Robinhood Gold subscribers climbed to 4.8 million. Robinhood quarterly profit rises on strong trading activity
• Positive Sentiment: Event contracts and prediction markets produced $156 million of revenue, overtaking cryptocurrency revenue of $100 million and becoming Robinhood’s second-largest trading business. CEO Vlad Tenev called event markets the company’s fastest-growing unit. Robinhood beats estimates as prediction markets overtake crypto
• Positive Sentiment: Robinhood added nearly 1 million funded customers during the quarter, its largest quarterly increase in almost five years. Executives attributed part of the growth to anticipated demand surrounding SpaceX’s potential initial public offering. SpaceX IPO helped Robinhood add nearly 1 million customers
• Neutral Sentiment: Several analysts maintained bullish ratings, including Citizens JMP at $155 and BTIG at $125, but Goldman Sachs, Needham and Barclays lowered their price targets. Barclays cited a meaningful slowdown in new accounts during July, highlighting concerns about momentum after the strong quarter. Robinhood analysts cut their forecasts after Q2 results
• Negative Sentiment: Cryptocurrency revenue declined 38% year over year to $100 million as crypto trading activity slowed. Investors also questioned how much of the earnings beat reflected a one-time accounting benefit rather than recurring operating performance. Robinhood delivers record Q2 revenue, but crypto slowdown weighs on shares
• Negative Sentiment: Despite the earnings beat, the stock’s elevated valuation leaves little room for disappointing growth. Technical analysts are watching support near $86.21, with a break below that level potentially signaling further weakness. Robinhood price forecast: key support faces a critical test

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.