Needham & Company LLC Lowers Robinhood Markets (NASDAQ:HOOD) Price Target to $100.00

Robinhood Markets (NASDAQ:HOOD) had its price target reduced by equities researchers at Needham & Company LLC from $135.00 to $100.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 40.61% from the company’s previous close.

Several other analysts have also recently commented on HOOD. KeyCorp decreased their price target on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a research report on Monday, October 27th. Morgan Stanley increased their price target on Robinhood Markets from $146.00 to $147.00 and gave the company an “equal weight” rating in a research note on Monday, December 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Robinhood Markets in a research note on Monday. Finally, Argus started coverage on Robinhood Markets in a research report on Friday, January 9th. They set a “buy” rating and a $145.00 target price for the company. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average target price of $126.95.

Robinhood Markets Trading Down 8.8%

NASDAQ HOOD opened at $71.12 on Wednesday. Robinhood Markets has a 12 month low of $29.66 and a 12 month high of $153.86. The stock has a market cap of $63.95 billion, a PE ratio of 34.52, a P/E/G ratio of 1.21 and a beta of 2.43. The stock’s 50 day moving average is $110.01 and its 200 day moving average is $118.35.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, analysts forecast that Robinhood Markets will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $87.07, for a total value of $870,700.00. Following the completion of the sale, the insider directly owned 393,612 shares in the company, valued at $34,271,796.84. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $121.63, for a total transaction of $45,611,250.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,537,615 shares of company stock valued at $182,272,702 over the last quarter. Company insiders own 14.47% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

A number of large investors have recently made changes to their positions in the company. Caisse Des Depots ET Consignations acquired a new position in Robinhood Markets in the 3rd quarter valued at about $3,984,000. Jennison Associates LLC acquired a new position in shares of Robinhood Markets in the third quarter valued at approximately $322,823,000. New York Life Investment Management LLC purchased a new stake in Robinhood Markets during the 3rd quarter worth approximately $14,989,000. Allstate Corp purchased a new stake in Robinhood Markets during the 3rd quarter worth approximately $3,860,000. Finally, Rhumbline Advisers lifted its holdings in Robinhood Markets by 55.9% during the 3rd quarter. Rhumbline Advisers now owns 1,333,857 shares of the company’s stock worth $190,982,000 after buying an additional 478,523 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Q4 EPS beat and improving profitability — HOOD reported $0.66 EPS (above estimates) and showed stronger full‑year margins and deposit growth, supporting a longer‑term earnings thesis. Earnings Call Transcript
• Positive Sentiment: Institutional buying from ARK/ Cathie Wood signals conviction — Ark Invest added a multi‑million dollar stake during recent weakness, providing a potential buyer-of-the-dip catalyst. Cathie Wood Sees Opportunity
• Neutral Sentiment: Management pushing prediction markets as the next growth engine — CEO commentary frames prediction markets and product velocity as strategic priorities; this is longer‑term and may take quarters to monetize. CEO Prediction Markets Comments
• Neutral Sentiment: Company outlines a path to large platform assets and international expansion — product launches and asset growth targets (e.g., $1T ambition) are positive but execution‑dependent. Path to $1T in Platform Assets
• Negative Sentiment: Revenue missed estimates as crypto revenue collapsed ~38% YoY — the revenue shortfall was the main immediate catalyst for the selloff, underscoring HOOD’s sensitivity to crypto volumes. Crypto Revenue Collapse
• Negative Sentiment: Stock trading closely with bitcoin amplifies volatility — pieces note HOOD is moving almost in lockstep with crypto selloffs despite crypto being a minority of revenue. That correlation increases downside when crypto falls. HOOD vs Bitcoin Correlation
• Negative Sentiment: Analysts trimmed price targets after the print (multiple firms lowered PTs though many kept buy/overweight ratings), adding near‑term selling pressure despite longer‑term bullish cases. Analyst Price‑Target Moves (Benzinga roundup)

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.