Robinhood Markets (NASDAQ:HOOD) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Robinhood Markets (NASDAQ:HOOD) had its target price trimmed by JPMorgan Chase & Co. from $115.00 to $114.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also weighed in on the stock. Zacks Research upgraded shares of Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Scotiabank decreased their price target on shares of Robinhood Markets from $136.00 to $124.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. Rothschild & Co Redburn boosted their price target on shares of Robinhood Markets from $78.00 to $80.00 and gave the stock a “sell” rating in a research note on Friday, August 14th. Compass Point increased their price objective on shares of Robinhood Markets from $126.00 to $145.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Robinhood Markets in a research report on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.39.

Robinhood Markets Stock Down 7.2%

Shares of HOOD opened at $84.99 on Wednesday. The business’s 50 day moving average is $108.49 and its 200 day moving average is $93.04. The company has a market capitalization of $76.41 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 1.95 and a beta of 2.35. Robinhood Markets has a 12-month low of $63.51 and a 12-month high of $150.47. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm earned $0.61 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. Research analysts expect that Robinhood Markets will post 2.15 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $113.72, for a total value of $42,645,000.00. Following the completion of the transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $42,645,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Treseder sold 1,875 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $234,375.00. Following the sale, the director owned 70,567 shares in the company, valued at approximately $8,820,875. This trade represents a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,091,347 shares of company stock worth $128,447,880. 13.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in Robinhood Markets by 37.1% during the second quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock worth $78,852,000 after buying an additional 212,855 shares during the period. Nykredit A S bought a new position in Robinhood Markets during the second quarter valued at $29,008,000. QRG Capital Management Inc. raised its stake in shares of Robinhood Markets by 14.8% in the second quarter. QRG Capital Management Inc. now owns 180,595 shares of the company’s stock valued at $18,110,000 after acquiring an additional 23,253 shares during the period. NewEdge Advisors LLC raised its stake in shares of Robinhood Markets by 18.3% in the second quarter. NewEdge Advisors LLC now owns 68,920 shares of the company’s stock valued at $6,911,000 after acquiring an additional 10,685 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Robinhood Markets in the 2nd quarter worth about $22,691,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Diversification is gaining traction. Robinhood reported record third-quarter revenue of approximately $1.42 billion, while prediction-market activity, equities, options and margin trading remained strong. Management also highlighted expansion of its Agentic Trading suite, crypto offerings and broader financial “super app” strategy. Robinhood’s Diversification Push Gains Momentum in Q3
• Positive Sentiment: Prediction markets are a major growth opportunity. The business reportedly grew sevenfold year over year, with management arguing that prediction markets could become a significant long-term revenue stream as activity expands beyond sports. Why Robinhood Thinks We’re at the Beginning of a Prediction Market Supercycle
• Positive Sentiment: Some analysts remain bullish. BTIG, Rosenblatt and Citizens JMP reiterated positive ratings, reflecting confidence in Robinhood’s product expansion and longer-term growth potential. BTIG Reaffirms Buy Rating
• Neutral Sentiment: Broader market pressure is adding volatility. A technology selloff and concerns about the sustainability of AI-related spending are weighing on high-growth and trading-platform stocks generally. Morning Call Sheet
• Negative Sentiment: Quarterly profitability disappointed investors. Although revenue reached a record, reports said adjusted EPS missed expectations, while GAAP net income and diluted EPS fell year over year. The contrast between strong top-line growth and weaker earnings raised concerns about operating performance and valuation. Why Wall Street Remains Bullish Despite the Decline
• Negative Sentiment: Crypto revenue fell sharply. Crypto revenue dropped 55% year over year amid a weaker crypto market, reducing a historically important source of transaction revenue. A record Binance theft also pressured crypto-related stocks across the sector. Crypto Stocks Fall After Binance Hack
• Negative Sentiment: Analysts lowered expectations. Wells Fargo, Goldman Sachs, JPMorgan, Barclays, KeyCorp, Scotiabank and Needham reduced price targets or forecasts, contributing to selling pressure. Barclays Cuts Robinhood Price Target

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.