Robinhood Markets (NASDAQ:HOOD) Given New $134.00 Price Target at Truist Financial

Key Points

• Truist Financial raised its Robinhood price target from $130 to $134 and maintained a “buy” rating, implying 22.69% upside from the prior close. Analysts overall assign the stock a “Moderate Buy” consensus rating with a $129.82 target.
• Robinhood reported quarterly EPS of $0.62, beating the $0.44 consensus estimate, while revenue reached $1.31 billion and increased 32.5% year over year.
• Insiders have been significant sellers: company insiders sold 1.09 million shares worth approximately $128 million over the past three months, though institutional investors still own 93.27% of the stock.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its price objective increased by equities research analysts at Truist Financial from $130.00 to $134.00 in a report released on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price target points to a potential upside of 22.69% from the company's previous close.

HOOD has been the topic of several other research reports. Loop Capital set a $135.00 target price on shares of Robinhood Markets in a research note on Tuesday, September 29th. The Goldman Sachs Group upped their price target on shares of Robinhood Markets from $144.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, September 29th. Raymond James Financial reiterated a "market perform" rating on shares of Robinhood Markets in a report on Monday, October 5th. Benchmark upgraded shares of Robinhood Markets to a "strong-buy" rating in a research note on Wednesday, September 9th. Finally, Piper Sandler reiterated an "overweight" rating and set a $145.00 price objective (up from $135.00) on shares of Robinhood Markets in a research note on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus target price of $129.82.

Robinhood Markets Stock Up 0.2%

HOOD stock opened at $109.22 on Tuesday. The stock has a market cap of $98.20 billion, a PE ratio of 48.11, a price-to-earnings-growth ratio of 2.13 and a beta of 2.35. The firm's 50-day simple moving average is $108.32 and its 200 day simple moving average is $95.42. Robinhood Markets has a fifty-two week low of $63.51 and a fifty-two week high of $150.47. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.18. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. Robinhood Markets's revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. As a group, sell-side analysts predict that Robinhood Markets will post 2.14 EPS for the current year.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 43,373 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $114.28, for a total transaction of $4,956,666.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Gallagher, Jr. sold 10,000 shares of the firm's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $113.71, for a total value of $1,137,100.00. Following the sale, the insider directly owned 499,943 shares of the company's stock, valued at approximately $56,848,518.53. This represents a 1.96% decrease in their ownership of the stock. 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 three months, insiders have sold 1,089,658 shares of company stock worth $127,966,018. 13.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division bought a new position in shares of Robinhood Markets in the third quarter worth $678,000. Eastern Bank raised its stake in shares of Robinhood Markets by 13.3% during the 3rd quarter. Eastern Bank now owns 1,700 shares of the company's stock valued at $191,000 after purchasing an additional 200 shares during the period. QRG Capital Management Inc. raised its stake in shares of Robinhood Markets by 14.8% during the 2nd quarter. QRG Capital Management Inc. now owns 180,595 shares of the company's stock valued at $18,110,000 after purchasing an additional 23,253 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings 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 purchasing an additional 3,738 shares in the last quarter. Finally, Capstone Financial Advisors Inc. lifted its holdings in Robinhood Markets by 17.5% during 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. Hedge funds and other institutional investors own 93.27% of the company's stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Evercore starts coverage with an Outperform rating: Evercore ISI initiated coverage with a $130 price target, implying roughly 19% upside from the referenced $109.22 price. The firm cited Robinhood’s “product flywheel,” including deposit monetization and expansion into additional financial products. Robinhood: Evercore ISI sees product flywheel driving upside
• Positive Sentiment: Earnings outlook remains a key catalyst: A Zacks commentary described Robinhood’s second-quarter results as a strong “beat-and-raise,” with improving earnings and revenue expectations contributing to a Zacks Rank #1, or Strong Buy, designation. Bull of the Day: Robinhood Markets, Inc.
• Positive Sentiment: Stock-token activity shows early traction: Robinhood reported approximately $15 billion in stock-token trading during the first 100 days of its blockchain. The volume supports the company’s strategy of broadening access to tokenized assets, although monetization and regulatory acceptance remain important questions. Robinhood puts stock token trading at $15 billion
• Positive Sentiment: Industry trends favor retail platforms: Record activity across investing apps, growing funded-account totals and increased demand for research, data and AI tools provide a supportive backdrop for Robinhood’s user-growth and monetization efforts. Retail Trading Platforms Post Record Quarters
• Neutral Sentiment: Additional crypto exposure: Robinhood executives are expected at Ripple’s October 27–29 Swell event, which could reinforce the company’s positioning in digital assets but offers no announced financial benefit. XRP call and Ripple Swell gathering
• Negative Sentiment: Insider and shareholder selling may weigh on sentiment: Robinhood’s CEO reportedly sold $42.6 million of shares, while Cathie Wood’s Ark-related sales totaled about $38 million. The transactions may reflect diversification or planned selling rather than weaker fundamentals, but they can nevertheless raise supply and confidence concerns. Robinhood CEO and Cathie Wood share sales

About Robinhood Markets

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.

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