Robinhood Markets (NASDAQ:HOOD – Free Report) had its price target trimmed by The Goldman Sachs Group from $145.00 to $128.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts also recently commented on HOOD. Wells Fargo & Company reduced their target price on shares of Robinhood Markets from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Robinhood Markets from $138.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Needham & Company LLC decreased their price objective on Robinhood Markets from $126.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Robinhood Markets in a research report on Tuesday, September 15th. Finally, Loop Capital set a $135.00 target price on Robinhood Markets in a research report on Tuesday, September 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.39.
Read Our Latest Report on HOOD
Robinhood Markets Trading Down 7.2%
Robinhood Markets stock opened at $84.99 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26. Robinhood Markets has a 12 month low of $63.51 and a 12 month high of $150.47. The stock’s 50 day simple moving average is $108.49 and its two-hundred day simple moving average is $93.04. The firm has a market cap of $76.41 billion, a PE ratio of 39.17, a P/E/G ratio of 1.95 and a beta of 2.35.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $0.61 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. Analysts anticipate that Robinhood Markets will post 2.15 earnings per share for the current year.
Insider Buying and Selling
In related news, CFO Shiv Verma sold 11,472 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the transaction, the chief financial officer directly owned 56,858 shares of the company’s stock, valued at approximately $6,278,260.36. The trade was a 16.79% decrease in their position. The transaction was disclosed in a legal 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 50,912 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $101.40, for a total value of $5,162,476.80. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,091,347 shares of company stock valued at $128,447,880. 13.48% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. James T. Borello RIA purchased a new stake in shares of Robinhood Markets during the third quarter worth about $29,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Robinhood Markets in the second quarter worth about $27,000. Continuum Advisory LLC acquired a new position in shares of Robinhood Markets in the second quarter worth about $40,000. Cassaday & Co Wealth Management LLC purchased a new position in Robinhood Markets in the first quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC boosted its holdings in Robinhood Markets by 100.7% in the first quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock valued at $39,000 after purchasing an additional 285 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Diversification is gaining traction. Robinhood reported record third-quarter revenue of approximately $1.42 billion, while prediction-market activity, equities, options and margin trading remained strong. Management also highlighted expansion of its Agentic Trading suite, crypto offerings and broader financial “super app” strategy. Robinhood’s Diversification Push Gains Momentum in Q3
- Positive Sentiment: Prediction markets are a major growth opportunity. The business reportedly grew sevenfold year over year, with management arguing that prediction markets could become a significant long-term revenue stream as activity expands beyond sports. Why Robinhood Thinks We’re at the Beginning of a Prediction Market Supercycle
- Positive Sentiment: Some analysts remain bullish. BTIG, Rosenblatt and Citizens JMP reiterated positive ratings, reflecting confidence in Robinhood’s product expansion and longer-term growth potential. BTIG Reaffirms Buy Rating
- Neutral Sentiment: Broader market pressure is adding volatility. A technology selloff and concerns about the sustainability of AI-related spending are weighing on high-growth and trading-platform stocks generally. Morning Call Sheet
- Negative Sentiment: Quarterly profitability disappointed investors. Although revenue reached a record, reports said adjusted EPS missed expectations, while GAAP net income and diluted EPS fell year over year. The contrast between strong top-line growth and weaker earnings raised concerns about operating performance and valuation. Why Wall Street Remains Bullish Despite the Decline
- Negative Sentiment: Crypto revenue fell sharply. Crypto revenue dropped 55% year over year amid a weaker crypto market, reducing a historically important source of transaction revenue. A record Binance theft also pressured crypto-related stocks across the sector. Crypto Stocks Fall After Binance Hack
- Negative Sentiment: Analysts lowered expectations. Wells Fargo, Goldman Sachs, JPMorgan, Barclays, KeyCorp, Scotiabank and Needham reduced price targets or forecasts, contributing to selling pressure. Barclays Cuts Robinhood Price Target
About Robinhood Markets
Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.
Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.
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