Waverly Advisors LLC Has $2.31 Million Stake in Robinhood Markets, Inc. $HOOD

Waverly Advisors LLC grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 54.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,254 shares of the company's stock after purchasing an additional 11,722 shares during the quarter. Waverly Advisors LLC's holdings in Robinhood Markets were worth $2,305,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in 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 period. CYBER HORNET ETFs LLC grew 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 worth $26,000 after acquiring an additional 190 shares during the period. Elyxium Wealth LLC bought a new position in shares of Robinhood Markets in the 4th quarter worth about $27,000. MV Capital Management Inc. bought a new position in shares of Robinhood Markets in the 4th quarter worth about $27,000. Finally, Swiss RE Ltd. acquired a new position in shares of Robinhood Markets in the 4th quarter valued at about $27,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Performance

HOOD stock opened at $86.60 on Friday. The stock's 50 day simple moving average is $97.76 and its 200 day simple moving average is $87.64. The company has a market cap of $77.98 billion, a P/E ratio of 38.15, a price-to-earnings-growth ratio of 1.83 and a beta of 2.33. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $153.86.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 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 analysts' expectations of $1.29 billion. Robinhood Markets had a return on equity of 22.68% and a net margin of 42.01%.The company's revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. Equities analysts predict that Robinhood Markets, Inc. will post 1.94 earnings per share for the current year.

Insider Buying and Selling

In other Robinhood Markets news, Director Baiju Bhatt sold 67,422 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 on Monday, July 6th. The shares were sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at $43,563,750. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders purchased 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 currently owned by company insiders.

Analysts Set New Price Targets

HOOD has been the topic of several research analyst reports. KeyCorp upped their target price on Robinhood Markets from $100.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. Zacks Research raised Robinhood Markets from a "strong sell" rating to a "hold" rating in a research note on Monday, June 8th. BTIG Research restated a "buy" rating and set a $125.00 price target on shares of Robinhood Markets in a report on Thursday. The Goldman Sachs Group reduced their price objective on shares of Robinhood Markets from $137.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Robinhood Markets from $105.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.30.

Key Headlines 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

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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