Robinhood Markets (NASDAQ:HOOD) Director Sells $234,375.00 in Stock

by · The Markets Daily

Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) Director Oluwadara Treseder sold 1,875 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $234,375.00. Following the sale, the director owned 70,567 shares of the company’s stock, valued at $8,820,875. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oluwadara Johnson Treseder also recently made the following trade(s):

  • On Thursday, July 2nd, Oluwadara Treseder sold 3,750 shares of Robinhood Markets stock. The shares were sold at an average price of $117.50, for a total value of $440,625.00.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $112.57 on Friday. The company has a market capitalization of $101.21 billion, a PE ratio of 49.59, a price-to-earnings-growth ratio of 2.30 and a beta of 2.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average of $103.62 and a 200-day moving average of $89.67. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The company’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 2.11 EPS for the current fiscal year.

Trending Headlines about Robinhood Markets

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

  • Positive Sentiment: Strong August activity and event-contract growth: Robinhood reported 28.6 million customers and broadly positive August operating metrics. Separately, event-contract activity reportedly increased 15-fold year over year, supporting the company’s diversification beyond traditional brokerage revenue. Robinhood August operating data Robinhood event contracts growth
  • Positive Sentiment: New revenue opportunities: Citizens JMP raised its price target to $165 from $155 and maintained a Market Outperform rating. Citizens also projected Robinhood Chain could generate $365 million in revenue by 2027. Robinhood’s underwriting role in the Oura IPO could provide investment-banking fee revenue and create opportunities to participate in larger IPOs. Citizens Robinhood Chain projection Robinhood investment banking ambitions
  • Neutral Sentiment: Expansion through partnerships: Robinhood is expanding prediction-market access through arrangements involving Crypto.com and OG.com, although the ultimate financial contribution remains uncertain.
  • Negative Sentiment: Regulatory and legal concerns: Robinhood plans to stop offering sports prediction markets in Michigan amid litigation. A broader legal update highlights rapidly changing rules across several states, creating uncertainty around the company’s prediction-market growth strategy. Robinhood Michigan prediction markets lawsuit Prediction markets legal update
  • Negative Sentiment: Tokenization faces scrutiny: Objections from securities issuers and unresolved regulatory questions could raise compliance costs and slow Robinhood’s international rollout of tokenized stocks. Robinhood tokenized-stock scrutiny
  • Negative Sentiment: Insider sale: Director Oluwadara Treseder sold 1,875 shares for approximately $234,375 under a pre-arranged Rule 10b5-1 plan. The sale was small relative to her remaining stake but may add modest caution.

Analysts Set New Price Targets

Several research firms have issued reports on HOOD. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. KeyCorp increased their price objective on Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Needham & Company LLC dropped their target price on shares of Robinhood Markets from $123.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Loop Capital set a $142.00 target price on shares of Robinhood Markets in a research report on Tuesday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 price target (up from $135.00) on shares of Robinhood Markets in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.83.

Check Out Our Latest Report on Robinhood Markets

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Robinhood Markets by 9,976.4% in the second quarter. California State Teachers Retirement System now owns 113,132,988 shares of the company’s stock valued at $11,344,976,000 after acquiring an additional 112,010,233 shares during the last quarter. State Street Corp grew its position in Robinhood Markets by 2.7% during the 4th quarter. State Street Corp now owns 33,121,452 shares of the company’s stock worth $3,746,036,000 after acquiring an additional 875,297 shares during the last quarter. Geode Capital Management LLC increased its holdings in Robinhood Markets by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock valued at $2,386,944,000 after purchasing an additional 356,902 shares in the last quarter. Morgan Stanley raised its position in Robinhood Markets by 23.9% in the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock valued at $1,208,335,000 after purchasing an additional 2,061,832 shares during the last quarter. Finally, Norges Bank bought a new position in Robinhood Markets in the 4th quarter valued at $1,202,160,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

About Robinhood Markets

(Get Free Report)

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.

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