Robinhood Markets (NASDAQ:HOOD) Trading Down 1.3% on Analyst Downgrade

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) were down 1.3% during mid-day trading on Monday after Sanford C. Bernstein lowered their price target on the stock from $160.00 to $130.00. Sanford C. Bernstein currently has an outperform rating on the stock. Robinhood Markets traded as low as $63.52 and last traded at $65.16. Approximately 26,323,867 shares traded hands during trading, a decline of 10% from the average daily volume of 29,335,887 shares. The stock had previously closed at $66.02.

A number of other equities analysts have also recently issued reports on HOOD. Zacks Research cut Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Morgan Stanley increased their price objective on Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a report on Monday, December 22nd. Argus began coverage on Robinhood Markets in a research note on Friday, January 9th. They issued a “buy” rating and a $145.00 target price on the stock. New Street Research set a $122.00 price target on Robinhood Markets in a research report on Thursday, March 5th. Finally, Wall Street Zen cut shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $75.49, for a total value of $754,900.00. Following the sale, the insider owned 452,849 shares of the company’s stock, valued at approximately $34,185,571.01. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven M. Quirk sold 52,540 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total value of $4,613,537.40. Following the sale, the insider owned 27,564 shares in the company, valued at $2,420,394.84. The trade was a 65.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 469,268 shares of company stock worth $54,409,454 over the last 90 days. 19.95% of the stock is currently owned by insiders.

Robinhood Markets News Summary

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

• Positive Sentiment: Goldman Sachs (via coverage pieces) lists Robinhood among top crypto-stock buys after a sector pullback, which supports a recovery narrative if crypto markets stabilize. Goldman Sachs Flags 2 Crypto Stocks Worth Buying After 46% Sector Crash
• Positive Sentiment: Jefferies initiated research coverage on HOOD, which typically increases visibility and can attract investor interest. Robinhood Markets (NASDAQ:HOOD) Research Coverage Started at Jefferies Financial Group
• Neutral Sentiment: Sanford C. Bernstein cut its price target from $160 to $130 but kept an “outperform” rating — positive tone from the rating, but the lower target reduces implied upside and may temper enthusiasm. Benzinga reference
• Neutral Sentiment: Press summaries (Zacks / Yahoo) are reporting HOOD’s recent pullback; these pieces mainly reflect market movement rather than new fundamental news. Robinhood Markets, Inc. (HOOD) Registers a Bigger Fall Than the Market
• Neutral Sentiment: Analysts and commentators continue to flag Robinhood’s cash-generation and margins as positives, but note that cash flow doesn’t guarantee outperformance if growth or competitive pressures slow. 1 Cash-Producing Stock Worth Your Attention and 2 We Find Risky
• Negative Sentiment: Shares fell sharply after an analyst downgrade (reported as a ~6.2% drop in one write-up), indicating that sell-side revisions are directly pressuring the stock. Robinhood Markets (NASDAQ:HOOD) Shares Down 6.2% After Analyst Downgrade
• Negative Sentiment: Reports say Robinhood was cut out of the high-profile SpaceX IPO allocation — a reputational/momentum negative that could affect customer perception and future deal access. Robinhood reportedly cut out of blockbuster SpaceX IPO
• Negative Sentiment: Broader market risk related to geopolitical tensions (coverage noting potential S&P downside from the Iran war) is a negative for high-beta names like HOOD and can exacerbate intraday weakness. The problem for investors: We don’t know how Trump wants the Iran war to end

Institutional Investors Weigh In On Robinhood Markets

Several large investors have recently made changes to their positions in HOOD. Caisse Des Depots ET Consignations acquired a new stake in shares of Robinhood Markets during the third quarter worth $3,984,000. Aberdeen Group plc grew its stake in shares of Robinhood Markets by 565.1% in the third quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock valued at $26,565,000 after acquiring an additional 157,643 shares in the last quarter. Jennison Associates LLC bought a new position in Robinhood Markets during the third quarter worth about $322,823,000. NEOS Investment Management LLC bought a new position in Robinhood Markets during the third quarter worth about $11,994,000. Finally, New York Life Investment Management LLC acquired a new stake in Robinhood Markets in the 3rd quarter worth about $14,989,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

The stock has a market cap of $58.66 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.49 and a beta of 2.47. The stock’s fifty day simple moving average is $81.54 and its 200-day simple moving average is $111.05.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $1.01 EPS. The business’s revenue was up 26.5% compared to the same quarter last year. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

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.