Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Robinhood Markets, Inc. NASDAQ: HOOD. In a filing disclosed on June 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Robinhood Markets stock on May 13th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
Robinhood Markets Stock Down 0.0%
NASDAQ:HOOD traded down $0.01 during midday trading on Wednesday, hitting $101.84. The company had a trading volume of 24,606,998 shares, compared to its average volume of 31,219,388. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $113.44. The stock's fifty day moving average price is $78.73 and its 200-day moving average price is $57.81. The company has a market capitalization of $90.17 billion, a PE ratio of 57.87, a P/E/G ratio of 5.32 and a beta of 2.36.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The firm's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.
Analysts Set New Price Targets
HOOD has been the subject of several recent research reports. KeyCorp increased their price objective on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. JMP Securities boosted their price objective on shares of Robinhood Markets from $70.00 to $125.00 and gave the company a "market outperform" rating in a research report on Monday, July 14th. Redburn Atlantic reiterated a "sell" rating and issued a $48.00 price objective (up from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Barclays raised their target price on shares of Robinhood Markets from $57.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Morgan Stanley lifted their price target on shares of Robinhood Markets from $43.00 to $110.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy 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 $85.29.
View Our Latest Research Report on HOOD
Insider Activity
In other news, Director Baiju Bhatt sold 418,338 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $74.29, for a total value of $31,078,330.02. Following the transaction, the director directly owned 7,863 shares of the company's stock, valued at approximately $584,142.27. This represents a 98.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven M. Quirk sold 104,887 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $70.14, for a total transaction of $7,356,774.18. Following the completion of the sale, the insider owned 228,621 shares of the company's stock, valued at $16,035,476.94. This represents a 31.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,702,497 shares of company stock worth $218,984,952. 14.47% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Robinhood Markets
Hedge funds and other institutional investors have recently made changes to their positions in the business. Whipplewood Advisors LLC boosted its stake in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after buying an additional 508 shares during the last quarter. Hemington Wealth Management grew its holdings in shares of Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after acquiring an additional 218 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Robinhood Markets during the 1st quarter worth $30,000. CoreCap Advisors LLC raised its position in shares of Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after buying an additional 550 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Robinhood Markets
(
Get Free Report)
Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.
Further Reading
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