Robinhood Markets (NASDAQ:HOOD – Free Report) had its price objective decreased by Truist Financial from $120.00 to $100.00 in a report issued on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.
Several other equities analysts have also commented on the stock. Barclays decreased their target price on shares of Robinhood Markets from $124.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Piper Sandler reduced their price target on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Citizens Jmp reduced their price target on shares of Robinhood Markets from $180.00 to $155.00 and set a “market outperform” rating on the stock in a research note on Friday, April 10th. Zacks Research downgraded shares of Robinhood Markets from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Finally, KeyCorp reduced their price target on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, February 9th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $109.42.
View Our Latest Stock Analysis on Robinhood Markets
Robinhood Markets Stock Performance
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm earned $1.01 EPS. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. Sell-side analysts anticipate that Robinhood Markets will post 1.35 EPS for the current year.
Insider Buying and Selling at Robinhood Markets
In other news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $69.85, for a total value of $407,574.75. Following the transaction, the chief technology officer owned 18,006 shares in the company, valued at approximately $1,257,719.10. The trade was a 24.47% 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, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was 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 owned 375,000 shares in the company, valued at $26,186,250. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 469,239 shares of company stock valued at $34,161,725 in the last quarter. 14.47% of the stock is currently owned by corporate insiders.
Institutional Trading of Robinhood Markets
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Robinhood Markets by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after acquiring an additional 1,334,443 shares in the last quarter. State Street Corp increased its stake in shares of Robinhood Markets by 2.7% in the 4th quarter. State Street Corp now owns 33,121,452 shares of the company’s stock valued at $3,746,036,000 after acquiring an additional 875,297 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Robinhood Markets by 1.7% in 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 acquiring an additional 356,902 shares in the last quarter. Morgan Stanley increased its stake in shares of 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 acquiring an additional 2,061,832 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Robinhood Markets in the 4th quarter valued at $1,202,160,000. 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: SEC eliminates the $25,000 pattern‑day‑trader requirement, which should make day trading easier for smaller retail accounts and is expected to increase transaction activity on platforms like Robinhood. New Rules Could Make Day Trading Easier. Some Trader-Linked Stocks Jumped on the News.
- Positive Sentiment: Crypto rally (Bitcoin move) is lifting crypto trading volumes — a high‑margin business for Robinhood — and analysts/markets are treating that as a near‑term revenue tailwind. Robinhood (HOOD) Surges 10% as Bitcoin Tops $76,000 and Trading Activity Rebounds
- Positive Sentiment: Sanford C. Bernstein reaffirmed an outperform rating with a $130 price target, providing institutional analyst support that can attract momentum buyers. Bernstein Reaffirms Outperform, $130 Target
- Positive Sentiment: Unusually large bullish options activity — hundreds of thousands of call contracts traded — signals speculative conviction and may amplify intraday upside. (Exchange/market data reported 343,030 calls traded.)
- Positive Sentiment: Robinhood’s previously announced board authorization for up to $1.5B in share repurchases and ongoing buyback talk are supportive for the stock’s technical backdrop. Robinhood shares jump as crypto rally lifts sentiment, with buyback authorization still in focus
- Neutral Sentiment: Robinhood is expanding non‑trading products (e.g., banking direct‑deposit partnership with Pinwheel), which diversifies revenue but will take time to materially affect results. Pinwheel Helping Power Robinhood Banking Deposits
- Negative Sentiment: Robinhood has restricted some prediction‑market listings amid insider‑trading/manipulation concerns; legal and regulatory scrutiny around prediction markets could limit a new growth avenue. Robinhood said to exclude some prediction markets amid manipulation concerns
- Negative Sentiment: Broader legal/regulatory questions about prediction‑market preemption have moved to appeals courts, adding uncertainty to Robinhood’s product expansion plans in that area. Prediction Markets, Nevada Take Preemption Odds to Appeals Court
- Negative Sentiment: Significant insider share sales have been reported over recent months, which some investors view as a governance/conviction red flag even if sales are for liquidity reasons. (Institutional/insider activity summary available in market data reports.)
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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