Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) shares rose 2.6% during mid-day trading on Wednesday . The stock traded as high as $79.49 and last traded at $79.05. Approximately 24,479,259 shares were traded during trading, a decline of 20% from the average daily volume of 30,674,424 shares. The stock had previously closed at $77.03.
More Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood’s prediction markets and event contracts are emerging as a potentially meaningful new growth engine, giving the company a foothold in a fast-growing market that could diversify revenue beyond crypto and core brokerage activity. Robinhood’s Next Big Growth Engine May Not Be Crypto. Here’s Why Prediction Markets Could Matter More.
- Positive Sentiment: Robinhood won SEC relief on its Form CRS requirements tied to Trump accounts, removing a potential compliance burden and reducing regulatory friction around a new product initiative. Robinhood Wins Form CRS Relief from SEC on Trump Accounts
- Neutral Sentiment: CEO Vlad Tenev’s comments that the law around sports prediction markets “maybe should be updated” suggest Robinhood sees long-term opportunity, but monetization and regulatory clarity are still uncertain. Robinhood CEO Vlad Tenev concedes Gary Gensler may have a point on sports prediction markets
- Neutral Sentiment: An insider sale of 10,000 shares by Daniel Martin Gallagher, Jr. may weigh on sentiment slightly, though the transaction was made under a pre-arranged 10b5-1 plan. Robinhood Markets insider selling alert
- Neutral Sentiment: Broader commentary continues to highlight Robinhood’s year-to-date underperformance versus peers, reflecting concerns about revenue durability and competitive positioning. Robinhood Is Down 30% in 2026 While Interactive Brokers Is Up 35%: Here’s Why
- Negative Sentiment: Competition in crypto trading is intensifying as E*Trade rolls out lower-fee direct crypto trading, which could pressure Robinhood’s transaction volumes and margins in a key business line. Robinhood Faces Cheaper Crypto Rival As Retail Venture Fund Expands Access
Analyst Ratings Changes
HOOD has been the topic of several research reports. Mizuho increased their price target on shares of Robinhood Markets from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. New Street Research set a $122.00 target price on shares of Robinhood Markets in a report on Thursday, March 5th. JPMorgan Chase & Co. reduced their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Argus reduced their target price on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and an average target price of $107.88.
Robinhood Markets Stock Up 1.0%
The company’s fifty day moving average is $76.44 and its two-hundred day moving average is $100.98. The stock has a market cap of $69.35 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 2.49 and a beta of 2.29.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. Sell-side analysts predict that Robinhood Markets, Inc. will post 1.86 EPS for the current fiscal year.
Insider Activity at Robinhood Markets
In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $83.92, for a total transaction of $489,673.20. Following the sale, the chief technology officer owned 12,171 shares of the company’s stock, valued at approximately $1,021,390.32. This trade represents a 32.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $76.89, for a total transaction of $768,900.00. Following the sale, the insider directly owned 432,849 shares in the company, valued at approximately $33,281,759.61. The trade was a 2.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 487,907 shares of company stock valued at $35,444,040 in the last quarter. Company insiders own 14.47% of the company’s stock.
Institutional Trading of Robinhood Markets
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOOD. Empowered Funds LLC raised its holdings in Robinhood Markets by 46.7% during the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after purchasing an additional 15,885 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Robinhood Markets during the second quarter worth approximately $5,105,000. Federated Hermes Inc. raised its holdings in Robinhood Markets by 106.2% during the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock worth $5,988,000 after purchasing an additional 32,933 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Robinhood Markets by 19.1% during the second quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock worth $8,396,000 after purchasing an additional 14,356 shares in the last quarter. Finally, Nebula Research & Development LLC acquired a new stake in Robinhood Markets during the second quarter worth approximately $1,316,000. Institutional investors and hedge funds own 93.27% of the company’s stock.
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.
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