Robinhood Markets (NASDAQ:HOOD) Stock Price Down 2.8% – Here’s Why

Posted by Geri Gentry on Jun 3rd, 2026

Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report)’s share price dropped 2.8% during mid-day trading on Tuesday . The stock traded as low as $85.56 and last traded at $88.2120. Approximately 42,428,828 shares were traded during trading, an increase of 79% from the average daily volume of 23,683,998 shares. The stock had previously closed at $90.73.

Key Stories Impacting Robinhood Markets

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

Positive Sentiment: Robinhood completed its WonderFi acquisition, expanding into Canada and strengthening its crypto and international growth story. Robinhood Completes Acquisition of WonderFi
Positive Sentiment: Director Meyer Malka bought 249,000 shares, a large insider purchase that signals confidence in Robinhood’s outlook. SEC filing
Positive Sentiment: KeyCorp reaffirmed an Overweight rating with a $100 price target, suggesting analysts still see upside from current levels. Benzinga report on KeyCorp rating
Neutral Sentiment: Robinhood’s new AI-powered trading and credit card tools are keeping the stock in focus as the company tries to broaden its “super app” strategy. Robinhood Markets (HOOD) Is Up 28.1% After Launching Agentic AI Trading And Credit Card Tools
Neutral Sentiment: The Supreme Court is seeking input on Robinhood’s IPO lawsuit appeal, keeping a legal overhang on the name. Supreme Court Seeks Solicitor General’s View of Robinhood’s Appeal of Alleged IPO Omissions
Negative Sentiment: Binance’s rollout of U.S. stock and ETF trading increases competitive pressure in Robinhood’s core brokerage market. Crypto exchange Binance rolls out trading in US stocks, ETFs
Negative Sentiment: Recent commentary also highlighted weakness in Robinhood’s crypto revenue, with U.S. crypto revenue reportedly down sharply in the latest quarter, which may be pressuring sentiment. Can WonderFi Buyout Help Revive Robinhood’s Crypto Growth Story?

Wall Street Analysts Forecast Growth

HOOD has been the topic of several research analyst reports. Piper Sandler decreased their target price on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Truist Financial decreased their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Zacks Research cut shares of Robinhood Markets from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. decreased their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Robinhood Markets in a research report on Wednesday, May 27th. Nineteen analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and an average price target of $105.96.

Get Our Latest Stock Analysis on Robinhood Markets

Robinhood Markets Stock Down 2.8%

The company’s fifty day moving average is $76.96 and its 200 day moving average is $93.93. The stock has a market cap of $79.44 billion, a PE ratio of 42.61, a price-to-earnings-growth ratio of 2.94 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business posted $0.37 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Equities analysts expect that Robinhood Markets, Inc. will post 1.83 EPS for the current year.

Insider Transactions at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $69.83, for a total value of $26,186,250.00. Following the transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $26,186,250. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. 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 a total of 550,765 shares of company stock valued at $40,191,940 in the last three months. 19.95% of the stock is owned by company insiders.

Institutional Trading of Robinhood Markets

A number of hedge funds have recently made changes to their positions in the company. Evolution Wealth Advisors LLC boosted its holdings in shares of Robinhood Markets by 5.2% during the fourth quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock valued at $217,000 after acquiring an additional 95 shares during the period. CogentBlue Wealth Advisors LLC boosted its holdings in shares of Robinhood Markets by 4.1% during the fourth quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock valued at $282,000 after acquiring an additional 98 shares during the period. Vision Financial Markets LLC boosted its holdings in shares of Robinhood Markets by 100.0% during the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the period. Kovack Advisors Inc. boosted its holdings in shares of Robinhood Markets by 2.5% during the third quarter. Kovack Advisors Inc. now owns 4,121 shares of the company’s stock valued at $590,000 after acquiring an additional 100 shares during the period. Finally, SOA Wealth Advisors LLC. boosted its holdings in shares of Robinhood Markets by 11.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock valued at $109,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

(Get Free Report)

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.