Robinhood Markets (NASDAQ:HOOD) Given New $130.00 Price Target at Sanford C. Bernstein

Robinhood Markets (NASDAQ:HOOD) had its target price reduced by Sanford C. Bernstein from $160.00 to $130.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group started coverage on shares of Robinhood Markets in a report on Thursday, March 26th. They issued a “buy” rating and a $88.00 target price for the company. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a report on Wednesday, February 11th. The Goldman Sachs Group reduced their price objective on shares of Robinhood Markets from $102.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Citizens Jmp reissued a “market outperform” rating and issued a $180.00 price objective on shares of Robinhood Markets in a research note on Wednesday, February 11th. 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 equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $65.16 on Monday. The business’s 50 day moving average price is $81.54 and its 200-day moving average price is $111.05. Robinhood Markets has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The company 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.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly 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 return on equity of 22.32% and a net margin of 42.10%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $1.01 earnings per share. Robinhood Markets’s revenue was up 26.5% on a year-over-year basis. As a group, equities analysts predict that Robinhood Markets will post 1.35 EPS for the current year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $107.48, for a total value of $630,262.72. Following the transaction, the chief technology officer directly owned 9,133 shares in the company, valued at $981,614.84. This represents a 39.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $75.49, for a total transaction of $754,900.00. Following the transaction, the insider directly owned 452,849 shares in the company, valued at approximately $34,185,571.01. This trade represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 469,268 shares of company stock worth $54,409,454. Corporate insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Caisse Des Depots ET Consignations bought a new position in Robinhood Markets in the third quarter worth approximately $3,984,000. Aberdeen Group plc lifted its holdings in Robinhood Markets by 565.1% during the third quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock worth $26,565,000 after buying an additional 157,643 shares during the period. Jennison Associates LLC bought a new stake in Robinhood Markets during the 3rd quarter valued at $322,823,000. NEOS Investment Management LLC bought a new stake in Robinhood Markets during the 3rd quarter valued at $11,994,000. Finally, New York Life Investment Management LLC purchased a new position in shares of Robinhood Markets in the 3rd quarter valued at $14,989,000. 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: 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

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.