Sanford C. Bernstein Issues Positive Forecast for Robinhood Markets (NASDAQ:HOOD) Stock Price

Robinhood Markets (NASDAQ:HOOD) had its price objective boosted by Sanford C. Bernstein from $130.00 to $160.00 in a research report report published on Monday,Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the stock.

HOOD has been the subject of several other reports. The Goldman Sachs Group raised their target price on Robinhood Markets from $121.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Citizens Jmp restated a “market outperform” rating and issued a $155.00 price objective on shares of Robinhood Markets in a research note on Thursday, May 28th. Needham & Company LLC lifted their target price on shares of Robinhood Markets from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Piper Sandler reissued an “overweight” rating on shares of Robinhood Markets in a research note on Thursday, July 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research report on Wednesday, June 24th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Robinhood Markets Stock Down 0.7%

Robinhood Markets stock opened at $99.28 on Monday. The business has a 50 day moving average price of $94.63 and a two-hundred day moving average price of $88.77. The stock has a market cap of $89.40 billion, a price-to-earnings ratio of 47.96, a price-to-earnings-growth ratio of 2.11 and a beta of 2.33. Robinhood Markets has a 12 month low of $63.51 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. On average, analysts expect that Robinhood Markets will post 1.86 earnings per share for the current fiscal year.

Insider Activity at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total value of $836,800.00. Following the sale, the insider owned 481,396 shares in the company, valued at approximately $40,283,217.28. The trade was a 2.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total transaction of $5,082,270.36. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders purchased 680,000 shares of company stock valued at $55,306,560 and sold 587,875 shares valued at $62,602,915. Insiders own 13.48% of the company’s stock.

Institutional Trading of Robinhood Markets

Several hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in shares of Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after acquiring an additional 16,375,734 shares during the last quarter. Norges Bank bought a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $1,202,160,000. Amundi grew its stake in shares of Robinhood Markets by 89.0% during the first quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after purchasing an additional 3,007,103 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Robinhood Markets by 5,221.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock valued at $289,519,000 after purchasing an additional 2,511,743 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Robinhood Markets by 95.7% in the fourth quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock valued at $499,001,000 after purchasing an additional 2,157,372 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets News Roundup

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

• Positive Sentiment: Bernstein raised its price target on Robinhood Markets (HOOD) to $160 from $130 and reiterated an Outperform rating, citing upside from retail trading shifts and the company’s growth in prediction markets. Analyst raises Robinhood price target in a bold new call
• Positive Sentiment: Bernstein also said Robinhood’s prediction markets could become a roughly $1.7 billion business, reinforcing the view that a newer revenue stream may be more important than the market previously expected. HOOD Stock Gains After Bernstein Says Prediction Markets Could Become A $1.7B Business For Robinhood
• Positive Sentiment: Investor interest in Robinhood-linked crypto activity remains strong, highlighted by a trader turning $80,000 into $1.25 million in Cash Cat, which adds to the market’s enthusiasm around Robinhood-adjacent speculative trading. Trader Turns $80,000 Into $1.25 Million on Robinhood-Linked Meme Coin
• Neutral Sentiment: Robinhood’s second-quarter earnings are due July 29, and some options traders are positioning for possible weakness into the report, suggesting near-term volatility could rise. This Trade Can Work If Robinhood Turns Lower With Earnings On Deck
• Neutral Sentiment: News about Rothera’s event-contract infrastructure buildout and broader Robinhood Chain activity is supportive of the ecosystem, but the direct near-term impact on HOOD shares is less clear. Rothera Selects Connamara Systems to Build Innovative Reference Management System for Event Contracts
• Negative Sentiment: Some commentary from Warren Buffett about investors “preferring gambling” underscores the speculative tone in parts of the market, which could weigh on sentiment if risk appetite cools. Warren Buffett Looks for Value in Today’s Market But Comes Up Empty

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.