Robinhood Markets (NASDAQ:HOOD) Given New $84.00 Price Target at Jefferies Financial Group

Robinhood Markets (NASDAQ:HOOD) had its price objective lowered by Jefferies Financial Group from $88.00 to $84.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

HOOD has been the topic of several other reports. Morgan Stanley increased their price objective on shares of Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a report on Monday, December 22nd. Needham & Company LLC cut their price objective on shares of Robinhood Markets from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Bank of America cut their price objective on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Mizuho cut their price target on shares of Robinhood Markets from $135.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. Finally, Sanford C. Bernstein cut their price target on shares of Robinhood Markets from $160.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and an average target price of $117.42.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $69.78 on Monday. The firm has a market cap of $62.82 billion, a P/E ratio of 33.87, a PEG ratio of 1.63 and a beta of 2.46. Robinhood Markets has a 1-year low of $29.66 and a 1-year high of $153.86. The firm’s 50-day simple moving average is $77.84 and its 200-day simple moving average is $109.36.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company’s revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. Analysts expect that Robinhood Markets will post 1.35 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $75.49, for a total transaction of $754,900.00. Following the sale, the insider owned 452,849 shares in the company, valued at $34,185,571.01. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets 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 sale, the chief technology officer owned 9,133 shares in the company, valued at $981,614.84. This represents a 39.10% 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 78,404 shares of company stock worth $6,869,400 over the last 90 days. Company insiders own 14.47% of the company’s stock.

Institutional Trading of Robinhood Markets

A number of hedge funds have recently made changes to their positions in HOOD. Vanguard Group Inc. grew its position in shares of Robinhood Markets by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock worth $10,831,756,000 after buying an additional 1,334,443 shares in the last quarter. State Street Corp grew its position in shares of Robinhood Markets by 2.7% during the fourth quarter. State Street Corp now owns 33,121,452 shares of the company’s stock worth $3,746,036,000 after buying an additional 875,297 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Robinhood Markets by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock worth $2,386,944,000 after buying an additional 356,902 shares in the last quarter. Morgan Stanley grew its position in shares of Robinhood Markets by 23.9% during the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after buying an additional 2,061,832 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $1,202,160,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets News Roundup

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

• Positive Sentiment: Robinhood was selected by the U.S. Treasury to serve as the brokerage and initial trustee for the new children’s “Trump Accounts” program — a high-profile contract that can drive new deposit flows, expand custody/brokerage relationships and boost credibility with government and consumer programs. Treasury Taps BNY, Robinhood to Help Run Trump Accounts for Children – WSJ
• Positive Sentiment: Robinhood Ventures (the firm’s private-markets fund) has recovered ~30% since its weak debut — if Robinhood can leverage private-market demand and capture fees from future mega-IPOs (SpaceX, OpenAI, Anthropic), this could add a durable revenue stream. Robinhood Ventures has rebounded 30% since its lackluster debut – Yahoo Finance
• Positive Sentiment: Crypto market strength (bitcoin nearing $70k) tends to lift Robinhood’s trading volumes and crypto revenue; a sustained crypto rally is a near-term tailwind for transaction and custody income. Bitcoin Topped $70,000 Today. More Wall Street Firms Are Building Up Crypto Services – Investopedia
• Neutral Sentiment: Jefferies trimmed its price target on HOOD from $88 to $84 but kept a “buy” rating — less enthusiasm on price upside but continued analyst support. Jefferies Lowers Price Target – Benzinga
• Neutral Sentiment: Other modest analyst target cuts (Needham reduced its PT to $90) are visible — they cap near-term upside expectations but still imply room above current levels. Needham Cuts Price Target to $90 – American Banking News
• Neutral Sentiment: Market commentary highlights Robinhood as a contrarian financial pick due to persistent consumer adoption (card sign-ups, 401(k) flows, crypto activity) despite sentiment-driven multiple compression — supportive for long-term thesis but noisy near term.
• Negative Sentiment: Competitive activity: Interactive Brokers reported rising DARTs and account growth, underscoring that POI and active-trader share remain contested — stronger competitor traction could pressure Robinhood’s trading volumes and market share. Interactive Brokers’ March Total Client DARTs Increase Y/Y – Yahoo Finance

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.