Robinhood Markets' (HOOD) Market Outperform Rating Reiterated at Citizens Jmp

Key Points

• Citizens JMP reiterated its “market outperform” rating on Robinhood and kept a $155 price target, implying roughly 96% upside from the stock’s current price.
• Other analysts were mixed: Morgan Stanley cut its target to $95 with an equal-weight rating, while Goldman Sachs kept a buy rating. Overall, Robinhood still holds a Moderate Buy consensus with a $106.38 average price target.
• Robinhood shares recently traded at $79.19 after rising on the day, while the company reported $0.38 EPS on $1.07 billion in quarterly revenue, missing estimates but still showing 15.1% year-over-year revenue growth.

Robinhood Markets (NASDAQ:HOOD - Get Free Report)'s stock had its "market outperform" rating reissued by stock analysts at Citizens Jmp in a research report issued on Thursday,Benzinga reports. They currently have a $155.00 target price on the stock. Citizens Jmp's price target indicates a potential upside of 95.74% from the company's current price.

A number of other research analysts also recently issued reports on the stock. 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 report on Friday, April 10th. Loop Capital set a $94.00 target price on shares of Robinhood Markets in a research report on Wednesday. The Goldman Sachs Group restated a "buy" rating on shares of Robinhood Markets in a research report on Wednesday. Jefferies Financial Group cut their target price on shares of Robinhood Markets from $88.00 to $84.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. Finally, Wall Street Zen downgraded shares of Robinhood Markets from a "hold" rating to a "sell" rating in a research report on Saturday, February 14th. Nineteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.38.

Robinhood Markets Price Performance

Shares of HOOD traded up $2.96 during trading hours on Thursday, hitting $79.19. The stock had a trading volume of 11,557,853 shares, compared to its average volume of 29,048,836. Robinhood Markets has a 52 week low of $62.92 and a 52 week high of $153.86. The company's fifty day moving average is $76.09 and its two-hundred day moving average is $94.83. The stock has a market capitalization of $71.31 billion, a price-to-earnings ratio of 37.91, a P/E/G ratio of 2.25 and a beta of 2.29.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS 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 for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company earned $0.37 EPS. The firm's revenue was up 15.1% compared to the same quarter last year. Equities analysts predict that Robinhood Markets will post 1.88 EPS for the current fiscal year.

Insider Activity at Robinhood Markets

In other news, insider Steven M. Quirk sold 8,540 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $84.93, for a total transaction of $725,302.20. Following the completion of the transaction, the insider directly owned 53,183 shares of the company's stock, valued at $4,516,832.19. This trade represents a 13.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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, April 6th. The shares were sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares of the company's stock, valued at $26,186,250. This represents a 50.00% 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. Over the last ninety days, insiders sold 560,765 shares of company stock worth $40,946,840. 14.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC grew its stake in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company's stock valued at $27,000 after buying an additional 99 shares in the last quarter. Vision Financial Markets LLC raised its stake in Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company's stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Guerra Advisors Inc acquired a new position in Robinhood Markets in the third quarter valued at about $30,000. CYBER HORNET ETFs LLC raised its stake in Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company's stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Finally, MV Capital Management Inc. acquired a new position in Robinhood Markets in the fourth quarter valued at about $27,000. 93.27% of the stock is owned by institutional investors.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood launched AI-agent trading and credit-card purchasing tools, allowing users to give software autonomous control over selected accounts, which could boost usage and keep HOOD at the center of a fast-growing AI-finance trend. Robinhood opens platform to AI agents for trading, credit card purchases
• Positive Sentiment: Multiple outlets highlighted the move as a first-mover attempt to bring autonomous AI decision-making into retail investing and consumer spending, a narrative that can support sentiment around future product expansion and revenue growth. Your AI agent can now trade for you on Robinhood. And buy stuff with your credit card too
• Positive Sentiment: Robinhood also benefited from attention around its role in the new Trump Accounts mobile app, which could add another consumer-facing growth channel if adoption builds. White House unveils Trump Accounts mobile app ahead of July 4 rollout
• Neutral Sentiment: Robinhood’s presentation at Bernstein’s strategic decisions conference was noted, but the transcript itself did not provide a clear new catalyst for the stock. Robinhood Markets, Inc. (HOOD) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: A short-interest report showed zero shares reported, but the data appears inconsistent and is unlikely to materially affect trading sentiment on its own.
• Negative Sentiment: One recent analysis raised concerns that Robinhood’s crypto transaction revenue has weakened, which could weigh on expectations for near-term monetization in a volatile business line. Robinhood: Crypto Transaction Revenue Collapses, Exposes Other Issues

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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