Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $137.00 at The Goldman Sachs Group

Robinhood Markets (NASDAQ:HOOD) had its target price increased by The Goldman Sachs Group from $121.00 to $137.00 in a research note published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently commented on HOOD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a report on Wednesday, June 24th. Truist Financial dropped their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $130.00 price target on shares of Robinhood Markets in a research report on Tuesday, April 14th. Argus lifted their price target on shares of Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Robinhood Markets in a research report on Thursday, July 2nd. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.70.

Robinhood Markets Stock Down 8.2%

NASDAQ:HOOD opened at $106.02 on Thursday. The company has a market cap of $95.47 billion, a PE ratio of 51.22, a P/E/G ratio of 2.44 and a beta of 2.33. The business’s 50 day moving average is $93.81 and its two-hundred day moving average is $89.01. Robinhood Markets has a 52 week low of $63.51 and a 52 week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued 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). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. Robinhood Markets’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. As a group, sell-side analysts expect that Robinhood Markets will post 1.86 EPS for the current fiscal year.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $83.68, for a total value of $836,800.00. Following the sale, the insider directly owned 481,396 shares in the company, valued at approximately $40,283,217.28. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of the business’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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders purchased 680,000 shares of company stock worth $55,306,560 and sold 587,875 shares worth $62,602,915. Corporate insiders own 13.48% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors have recently modified their holdings of the company. CYBER HORNET ETFs LLC boosted its stake in Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the period. MV Capital Management Inc. acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $27,000. Swiss RE Ltd. acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC raised its holdings in shares of Robinhood Markets by 152.6% during 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 last quarter. Institutional investors own 93.27% of the company’s stock.

More Robinhood Markets News

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

• Positive Sentiment: Goldman Sachs raised its price target on Robinhood Markets (HOOD) to $137 from $121 and reiterated a buy rating, signaling confidence in further upside from current levels. Benzinga Tickerreport.com
• Positive Sentiment: Articles highlighted Robinhood’s growing role in crypto and blockchain, including its new blockchain launch and broader exposure to tokenized finance, which could support long-term revenue growth. Robinhood Just Launched a New Blockchain. Here’s Why Investors Should Care.
• Positive Sentiment: Coverage also pointed to surging prediction-market volumes, with one report suggesting this business line could become a meaningful earnings driver for Robinhood. Why Robinhood Could See a Prediction Markets Earnings Boost
• Positive Sentiment: Several commentary pieces framed Robinhood as an increasingly attractive brokerage and crypto-finance platform versus peers, reinforcing the market’s growth narrative. Robinhood vs. StoneX: Which Brokerage Stock is the Better Buy?
• Neutral Sentiment: Robinhood was included in broader “crypto & blockchain stocks” and analyst-blog roundups, which adds visibility but does not by itself change fundamentals. Top 3 Crypto & Blockchain Stocks Powering the Future of Finance
• Neutral Sentiment: One market note said HOOD “beat” the broader market on the latest session, but the update was mostly descriptive rather than a new catalyst. Robinhood Markets, Inc. (HOOD) Beats Stock Market Upswing: What Investors Need to Know

About Robinhood Markets

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.