Robinhood Markets (NASDAQ:HOOD) Stock Price Up 3.5% - Should You Buy?

Key Points

• Robinhood shares rose 3.5% to $71.62 on Monday despite trading volume being about 29% below the daily average; the price sits below both the 50‑day ($75.27) and 200‑day ($107.80) moving averages.
• Analysts collectively rate HOOD a "Moderate Buy" with an average price target of $109.42, but several firms have recently cut targets while others upgraded, signaling mixed sentiment.
• Significant insider selling occurred recently—CEO Vladimir Tenev sold 375,000 shares (≈$26.2M) and insiders disposed of ~469,239 shares (~$34.16M) over the last 90 days; the company also reported an EPS beat ($0.66 vs. $0.63) but revenue slightly missed estimates.

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report)'s share price rose 3.5% during trading on Monday . The stock traded as high as $71.70 and last traded at $71.62. Approximately 20,587,391 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 28,965,162 shares. The stock had previously closed at $69.19.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wolfe Research raised Robinhood Markets from a "peer perform" rating to an "outperform" rating and set a $125.00 price target for the company in a research report on Monday, February 9th. KeyCorp decreased their price target on Robinhood Markets from $160.00 to $130.00 and set an "overweight" rating for the company in a research report on Monday, February 9th. Barclays decreased their price target on Robinhood Markets from $124.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday, April 8th. The Goldman Sachs Group decreased their price target on Robinhood Markets from $102.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, March 26th. Finally, Morgan Stanley decreased their price target on Robinhood Markets from $147.00 to $95.00 and set an "equal weight" rating for the company in a research report on Friday. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $109.42.

Robinhood Markets Stock Up 3.5%

The stock has a 50-day moving average of $75.27 and a 200 day moving average of $107.80. The company has a market capitalization of $64.48 billion, a PE ratio of 34.77, a P/E/G ratio of 1.87 and a beta of 2.46.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $1.01 earnings per share. The business's revenue for the quarter was up 26.5% on a year-over-year basis. Equities analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the firm's stock in a transaction on Monday, April 6th. The stock was sold at an average price of $69.85, for a total value of $407,574.75. Following the completion of the sale, the chief technology officer directly owned 18,006 shares of the company's stock, valued at $1,257,719.10. This trade represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 stock was sold at an average price of $69.83, for a total value of $26,186,250.00. Following the completion of the sale, 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 469,239 shares of company stock valued at $34,161,725. Corporate insiders own 19.95% of the company's stock.

Institutional Trading of Robinhood Markets

A number of large investors have recently bought and sold shares of HOOD. Caisse Des Depots ET Consignations purchased a new position in shares of Robinhood Markets in the third quarter valued at $3,984,000. Aberdeen Group plc grew its position in shares of Robinhood Markets by 565.1% in the third quarter. Aberdeen Group plc now owns 185,538 shares of the company's stock valued at $26,565,000 after purchasing an additional 157,643 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Robinhood Markets in the third quarter valued at $322,823,000. NEOS Investment Management LLC purchased a new position in shares of Robinhood Markets in the third quarter valued at $11,994,000. Finally, New York Life Investment Management LLC bought a new stake in Robinhood Markets during the third quarter valued at $14,989,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.