Aigen Investment Management LP Acquires New Stake in Robinhood Markets, Inc. $HOOD

Key Points

• Aigen Investment Management disclosed a new fourth-quarter stake in Robinhood Markets, buying 15,902 shares valued at about $1.8 million.
• Robinhood’s latest earnings showed revenue growth of 15.1% year over year, but EPS of $0.38 and revenue of $1.07 billion both slightly missed analyst estimates.
• Investor sentiment remains active: a Robinhood director bought 250,000 shares, while analysts still rate the stock a Moderate Buy with an average target price of $110.73.

Aigen Investment Management LP purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,902 shares of the company's stock, valued at approximately $1,799,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its position in Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company's stock worth $26,000 after buying an additional 145 shares during the last quarter. CYBER HORNET ETFs LLC boosted its stake in Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company's stock worth $26,000 after purchasing an additional 190 shares during the period. Elyxium Wealth LLC purchased a new position in Robinhood Markets during the 4th quarter worth approximately $27,000. Swiss RE Ltd. acquired a new stake in Robinhood Markets during the 4th quarter valued at $27,000. Finally, Godsey & Gibb Inc. acquired a new stake in Robinhood Markets during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Trading Up 1.0%

NASDAQ HOOD opened at $93.19 on Friday. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The company has a market capitalization of $83.92 billion, a PE ratio of 45.02, a price-to-earnings-growth ratio of 2.33 and a beta of 2.35. The firm's fifty day simple moving average is $80.09 and its 200-day simple moving average is $92.18.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $0.37 earnings per share. The company's revenue was up 15.1% compared to the same quarter last year. As a group, analysts predict that Robinhood Markets, Inc. will post 1.83 EPS for the current year.

Insiders Place Their Bets

In other Robinhood Markets news, Director Meyer Malka acquired 250,000 shares of Robinhood Markets stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $80.74 per share, with a total value of $20,185,000.00. Following the purchase, the director owned 3,924,427 shares in the company, valued at approximately $316,858,235.98. This trade represents a 6.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total transaction of $836,800.00. Following the completion of the sale, the insider directly owned 481,396 shares of the company's stock, valued at approximately $40,283,217.28. The trade was a 2.04% 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 90 days, insiders have acquired 680,000 shares of company stock worth $55,306,560 and have sold 571,602 shares worth $41,959,746. 14.47% of the stock is currently owned by company insiders.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood’s securities arm received approval to underwrite IPOs, potentially expanding revenue opportunities and giving the company a bigger role in future public offerings. Robinhood Just Won Approval to Underwrite IPOs, Right Before SpaceX's Blockbuster Market Debut. Here's Why the Timing Matters.
• Positive Sentiment: SpaceX’s IPO sparked “record-breaking” traffic on Robinhood’s platform, highlighting heavy retail engagement and the value of its IPO-access business. Robinhood sees ‘record-breaking' traffic after SpaceX stock debuts
• Positive Sentiment: Needham raised its price target on Robinhood to $97 and reiterated a buy rating, adding to bullish sentiment around the stock. Benzinga report on Needham price target raise
• Neutral Sentiment: Robinhood saw unusual options activity, with traders buying a much larger-than-normal volume of call options, suggesting heightened speculation around the shares.
• Neutral Sentiment: The stock also benefited from a broader lift in financial stocks and related retail brokerage names during Friday’s session. Sector Update: Financial Stocks Advance Late Afternoon
• Negative Sentiment: Robinhood’s platform experienced trading issues amid the surge in SpaceX-related demand, which could raise concerns about reliability during peak activity. HOOD Stock: Robinhood Buckles Under SpaceX IPO Demand, Users Report Trading Issues
• Negative Sentiment: ARK Invest reportedly sold shares of Robinhood, which may temper enthusiasm for some investors. HOOD Stock Gains Overnight: Cathie Wood’s ARK Sells Shares Even As Robinhood Stacks Up Fresh Catalysts

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HOOD. Morgan Stanley cut their target price on shares of 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. Loop Capital set a $94.00 target price on shares of Robinhood Markets in a research note on Wednesday, May 27th. Sanford C. Bernstein reissued an "outperform" rating and set a $130.00 target price on shares of Robinhood Markets in a research note on Tuesday, April 14th. Argus cut their target price on shares of Robinhood Markets from $102.00 to $90.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Finally, New Street Research set a $122.00 target price on shares of Robinhood Markets in a research note on Thursday, March 5th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $110.73.

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.

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