Robinhood Markets (NASDAQ:HOOD) Stock Gets Price Target Cut from Needham & Company LLC

Robinhood Markets (NASDAQ:HOOD) had its price objective cut by Needham & Company LLC from $126.00 to $116.00 in a research note published on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the company. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a research note on Friday, October 9th. Keefe, Bruyette & Woods lifted their price objective on Robinhood Markets from $100.00 to $115.00 and gave the company a “market perform” rating in a research note on Tuesday, September 29th. Scotiabank started coverage on Robinhood Markets in a report on Wednesday, September 2nd. They issued a “sector outperform” rating and a $136.00 target price on the stock. Citizens Jmp increased their target price on Robinhood Markets from $155.00 to $165.00 and gave the stock a “market outperform” rating in a research note on Friday, September 11th. Finally, Rothschild & Co Redburn increased their target price on Robinhood Markets from $78.00 to $80.00 and gave the stock a “sell” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.39.

Robinhood Markets Price Performance

Shares of HOOD opened at $84.99 on Wednesday. Robinhood Markets has a fifty-two week low of $63.51 and a fifty-two week high of $150.47. The firm’s 50-day simple moving average is $108.49 and its two-hundred day simple moving average is $93.04. The stock has a market cap of $76.41 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 1.95 and a beta of 2.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 1.24.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, October 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business earned $0.61 earnings per share. The business’s 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 fiscal year.

Insider Activity

In related news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at $42,645,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Treseder sold 1,875 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $234,375.00. Following the completion of the transaction, the director directly owned 70,567 shares in the company, valued at $8,820,875. This trade represents a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,091,347 shares of company stock valued at $128,447,880. Company insiders own 13.48% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HOOD. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Robinhood Markets by 10.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock valued at $472,141,000 after buying an additional 632,403 shares during the last quarter. Amundi increased its holdings in Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after buying an additional 3,007,103 shares in the last quarter. Amova Asset Management Americas Inc. raised its position in Robinhood Markets by 15.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock worth $362,925,000 after buying an additional 685,041 shares during the last quarter. Renaissance Technologies LLC raised its position in Robinhood Markets by 48.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock worth $353,717,000 after buying an additional 1,668,400 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Robinhood Markets in the 2nd quarter worth about $379,695,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Trending Headlines about 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.