Robinhood Markets (NASDAQ:HOOD) Stock Price Up 3.1% – What’s Next?

Robinhood Markets, Inc. (NASDAQ:HOOD)’s share price was up 3.1% during mid-day trading on Wednesday . The stock traded as high as $77.87 and last traded at $71.83. Approximately 32,753,303 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 29,221,979 shares. The stock had previously closed at $69.65.

Key Robinhood Markets News

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

• Positive Sentiment: Robinhood was selected by the U.S. Treasury to act as broker and initial trustee for the new government-backed “Trump Accounts” program for children — a role that includes helping design/operate the dedicated app alongside BNY Mellon and could drive recurring account flows and long-term customer onboarding. Article Title
• Neutral Sentiment: Barclays cut its price target on HOOD from $124 to $89 but maintained an “Overweight” rating — a sizable target reset that still signals outperformance versus the market, creating a mixed analytical signal for investors. Article Title
• Neutral Sentiment: Keefe, Bruyette & Woods initiated coverage with a “Market Perform” rating and a $75 price target — a modest upside projection that suggests cautious near-term expectations. Article Title
• Negative Sentiment: Several outlets report that multiple Wall Street firms have trimmed Robinhood price targets and issued more cautious notes (including a pessimistic forecast from Jefferies) — analyst downgrades and target cuts increase near-term downside risk and may cap rallies. Article Title Article Title
• Negative Sentiment: Barclays downgraded Coinbase on weak crypto volumes, highlighting sector-wide risk that could pressure Robinhood’s crypto revenue and profitability if trading volumes cool. Investors should watch crypto DARTs/volume trends. Article Title

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HOOD shares. Mizuho decreased their target price on shares of Robinhood Markets from $135.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, March 13th. Compass Point reaffirmed a “buy” rating on shares of Robinhood Markets in a report on Wednesday, February 11th. New Street Research set a $122.00 target price on shares of Robinhood Markets in a report on Thursday, March 5th. Needham & Company LLC decreased their target price on shares of Robinhood Markets from $100.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Cantor Fitzgerald decreased their target price on shares of Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, February 17th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.46.

Robinhood Markets Stock Up 3.1%

The firm has a market capitalization of $64.67 billion, a PE ratio of 34.87, a PEG ratio of 1.63 and a beta of 2.46. The stock’s fifty day simple moving average is $77.13 and its 200 day simple moving average is $108.97.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The firm’s revenue was up 26.5% on a year-over-year basis. On average, analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s 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 completion of the sale, the insider directly owned 452,849 shares of the company’s stock, valued at approximately $34,185,571.01. This represents a 2.16% 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, insider Steven M. Quirk sold 52,540 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the sale, the insider directly owned 27,564 shares of the company’s stock, valued at approximately $2,420,394.84. This represents a 65.59% 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. Over the last ninety days, insiders sold 78,404 shares of company stock valued at $6,869,400. Insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the company. Valley National Advisers Inc. increased its stake in shares of Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC increased its stake in shares of Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 99 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter worth $27,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

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.