JPMorgan Chase & Co. Issues Pessimistic Forecast for Robinhood Markets (NASDAQ:HOOD) Stock Price

Robinhood Markets (NASDAQ:HOOD) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from $113.00 to $92.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 8.61% from the stock’s previous close.

HOOD has been the topic of several other research reports. Loop Capital set a $130.00 target price on Robinhood Markets in a research note on Monday, February 9th. New Street Research set a $122.00 target price on Robinhood Markets in a research note on Thursday, March 5th. Compass Point restated a “buy” rating on shares of Robinhood Markets in a research note on Wednesday, February 11th. Wolfe Research upgraded Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 target price on the stock in a research note on Monday, February 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research note on Friday, March 27th. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.08.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $84.71 on Thursday. Robinhood Markets has a fifty-two week low of $45.56 and a fifty-two week high of $153.86. The stock has a market capitalization of $76.27 billion, a PE ratio of 41.12, a price-to-earnings-growth ratio of 2.48 and a beta of 2.46. The business’s 50-day simple moving average is $76.06 and its 200-day simple moving average is $104.55.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.Robinhood Markets’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. On average, research analysts expect that Robinhood Markets will post 1.97 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Baiju Bhatt sold 57,261 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $86.38, for a total value of $4,946,205.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 8,540 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $84.93, for a total value of $725,302.20. Following the completion of the sale, the insider owned 53,183 shares in the company, valued at approximately $4,516,832.19. This trade represents a 13.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 540,476 shares of company stock worth $40,299,967 in the last quarter. Company insiders own 14.47% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Large investors have recently added to or reduced their stakes in the business. Valley National Advisers Inc. raised its stake in Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Golden State Wealth Management LLC raised its stake in Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after acquiring an additional 99 shares during the period. Vision Financial Markets LLC raised its stake in Robinhood Markets by 100.0% in the 3rd 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. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Robinhood Markets in the 3rd quarter valued at $29,000. Finally, Guerra Advisors Inc acquired a new position in Robinhood Markets in the 3rd quarter valued at $30,000. 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: Singapore expansion — Robinhood secured in‑principle approval from Singapore regulators to operate a brokerage and is rolling out a Ventures/private-markets initiative that could broaden revenue and product diversity in APAC. Read More.
• Positive Sentiment: Analyst upgrade/market interest — an analyst upgrade and related coverage have driven increased searches and short‑term buying interest, supporting intraday upside. Read More.
• Positive Sentiment: Cantor Fitzgerald bullish call — at least one sell‑side shop remains constructive on HOOD’s medium‑term upside, providing conviction for some investors. Read More.
• Neutral Sentiment: Heightened attention/earnings focus — Zacks and other outlets note heavy investor interest and preview Q1 results due April 28, which is increasing volatility but not providing a clear directional signal. Read More.
• Neutral Sentiment: Earnings preview uncertainty — analysts are split on Q1, so short‑term swings may continue until the earnings release. Read More.
• Negative Sentiment: Regulatory/legal risk — the Wisconsin DOJ sued five prediction‑market operators, including Robinhood, alleging their sports‑based contracts amount to illegal gambling; this introduces legal uncertainty and potential compliance costs. Read More.
• Negative Sentiment: Price-target cut from JPMorgan — JPMorgan trimmed its target (from $113 to $92) and moved to Neutral, which can reduce buy‑side conviction and near‑term upside. Read More.
• Negative Sentiment: Insider selling and lowered expectations — reports of insider sales and some firms (e.g., KeyCorp) lowering forecasts add selling pressure and raise questions about near‑term momentum. Read More. Read More.

About Robinhood Markets

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.