Robinhood Markets (NASDAQ:HOOD) Shares Down 1.7% After Analyst Downgrade

Robinhood Markets, Inc. (NASDAQ:HOOD) traded down 1.7% during mid-day trading on Thursday after Needham & Company LLC lowered their price target on the stock from $100.00 to $90.00. Needham & Company LLC currently has a buy rating on the stock. Robinhood Markets traded as low as $65.57 and last traded at $68.90. 23,169,799 shares were traded during trading, a decline of 21% from the average session volume of 29,308,143 shares. The stock had previously closed at $70.11.

HOOD has been the topic of a number of other research reports. New Street Research set a $122.00 price objective on shares of Robinhood Markets in a research report on Thursday, March 5th. Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 target price for the company in a research report on Monday, February 9th. Citizens Jmp reiterated a “market outperform” rating and set a $180.00 target price on shares of Robinhood Markets in a research note on Wednesday, February 11th. Zacks Research cut Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Sanford C. Bernstein cut their price objective on Robinhood Markets from $160.00 to $130.00 and set an “outperform” rating for the company in a report on Monday. Eighteen 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 company has an average rating of “Moderate Buy” and a consensus price target of $117.58.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $107.48, for a total transaction of $630,262.72. Following the completion of the sale, the chief technology officer directly owned 9,133 shares of the company’s stock, valued at approximately $981,614.84. This represents a 39.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. Following the completion of the transaction, the chief executive officer owned 375,000 shares in the company, valued at $45,611,250. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 469,268 shares of company stock valued at $54,409,454. 14.47% of the stock is owned by corporate insiders.

More Robinhood Markets News

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

• Positive Sentiment: Robinhood’s banking initiative crossed $1.5B in customer deposits (about 100K customers), which supports stickier, non‑trading revenue and reduces reliance on volatile transaction income. HOOD’s Banking Bet Pays Off With $1.5B in Deposits: Why it Matters
• Positive Sentiment: Positive media and analyst attention (some outlets highlight executive credibility and product momentum), which can support sentiment if fundamentals meet expectations. Vlad Tenev profile
• Neutral Sentiment: Robinhood set its Q1 earnings date for April 28; investors will focus on trading volumes, revenue mix and deposit trends for clearer guidance. Q1 results announcement
• Neutral Sentiment: Some brokerages still rate HOOD a buy or moderate buy, but price targets vary — showing bullish conviction tempered by valuation/volume risk. Consensus recommendation report
• Negative Sentiment: Analyst downgrades and lowered price targets tied to slowing trading volumes have pressured sentiment; several outlets note a wave of cautious re-ratings. Analyst downgrades amid slowing volumes
• Negative Sentiment: Weakness in crypto and a BTC pullback hit crypto‑linked names (including HOOD), amplifying volatility and weighing on revenue tied to crypto trading. Bitcoin tumbles, crypto momentum fades
• Negative Sentiment: Reports that Morgan Stanley/E*TRADE may lead retail allocation in the SpaceX IPO raised questions about Robinhood’s role in big retail IPO access, creating short‑term uncertainty on distribution upside. Valuation and SpaceX allocation concerns
• Negative Sentiment: Regulatory and legal fights around prediction markets (state enforcement and related lawsuits, plus Robinhood’s own suit vs. Washington State) add uncertainty and potential costs. US sues states over prediction market rules (Reuters)
• Negative Sentiment: Unusual put activity and increased options hedging have been noted by traders, signaling some speculative bearish positioning ahead of earnings. Huge unusual put action

Hedge Funds Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caisse Des Depots ET Consignations bought a new position in Robinhood Markets in the 3rd quarter worth $3,984,000. Aberdeen Group plc raised 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 valued at $26,565,000 after acquiring an additional 157,643 shares during the period. Jennison Associates LLC purchased a new position in shares of Robinhood Markets in the third quarter valued at about $322,823,000. NEOS Investment Management LLC purchased a new position in shares of Robinhood Markets in the third quarter valued at about $11,994,000. Finally, New York Life Investment Management LLC bought a new position in shares of Robinhood Markets in the third quarter worth about $14,989,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Stock Down 1.7%

The business has a 50 day moving average price of $79.35 and a two-hundred day moving average price of $110.15. The stock has a market cap of $62.03 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 1.58 and a beta of 2.46.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results 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 return on equity of 22.32% and a net margin of 42.10%.The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. On average, 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.