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

Robinhood Markets, Inc. (NASDAQ:HOOD) traded down 1.7% 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 changed hands during trading, a decline of 21% from the average session volume of 29,308,143 shares. The stock had previously closed at $70.11.

Other equities analysts also recently issued reports about the stock. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a report on Wednesday, February 11th. Zacks Research cut shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. KeyCorp cut their price objective on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, February 9th. Citizens Jmp reiterated a “market outperform” rating and set a $180.00 price objective on shares of Robinhood Markets in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group assumed coverage on shares of Robinhood Markets in a research report on Thursday, March 26th. They set a “buy” rating and a $88.00 target price for the company. 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.58.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 52,540 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the sale, the insider owned 27,564 shares in the company, valued at approximately $2,420,394.84. The trade was a 65.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $107.48, for a total transaction of $630,262.72. Following the transaction, the chief technology officer owned 9,133 shares in the company, valued at approximately $981,614.84. This trade represents a 39.10% 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 sold a total of 469,268 shares of company stock worth $54,409,454 in the last three months. Insiders own 14.47% of the company’s stock.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Banking deposits top $1.5B from ~100K customers, strengthening customer “stickiness,” adding FDIC‑insured balances that diversify revenue away from trading and could stabilize margins. HOOD’s Banking Bet Pays Off With $1.5B in Deposits: Why it Matters
• Neutral Sentiment: Robinhood set its Q1 2026 earnings release for April 28 with a management call — a near-term catalyst that could swing sentiment depending on trading volume, deposits and guidance. Robinhood Markets, Inc. to Announce First Quarter 2026 Results on April 28, 2026
• Neutral Sentiment: Needham trimmed its price target from $100 to $90 but retained a “buy” rating, signaling continued analyst conviction despite near-term concerns. Read More
• Neutral Sentiment: Some brokers (e.g., Sanford Bernstein) revised targets downward in recent notes — mixed signals that keep the stock volatile but still within bullish long‑term narratives. Sanford C. Bernstein Lowers Robinhood Markets (NASDAQ:HOOD) Price Target to $130.00
• Negative Sentiment: Reports of a wave of analyst downgrades tied to slowing retail trading volumes are weighing on sentiment — lower volumes hit Robinhood’s trading‑related revenue the most. Robinhood (HOOD) Stock Faces Wave of Analyst Downgrades Amid Slowing Trading Volumes
• Negative Sentiment: Crypto weakness (Bitcoin pullbacks and fading momentum) has driven selloffs in crypto‑linked names, including HOOD, reducing fee and custody activity tied to digital assets. Bitcoin tumbles, crypto momentum fades as Trump extends Iran timeline
• Negative Sentiment: Competition and product moves at rivals (e.g., Interactive Brokers expanding crypto, Coinbase’s strengths) increase pressure on trading share; Robinhood’s banking gains help, but competitive dynamics remain a risk. IBKR Unveils Unified Crypto Trading Platform for European Investors
• Negative Sentiment: Ongoing legal and regulatory actions — Robinhood sued Washington State over enforcement tied to prediction markets — add regulatory/legal overhang and potential costs. Robinhood Sues Washington State Over Kalshi Lawsuit
• Negative Sentiment: Unusual put activity and broader hedging flows suggest some investors are positioning for further near‑term downside or volatility in HOOD. Huge, Unusual Put Action in Robinhood Stock – A Sign That HOOD Has Bottomed?

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Valley National Advisers Inc. raised its stake in Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Vision Financial Markets LLC increased its holdings in shares of Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Robinhood Markets in the third quarter worth about $29,000. Finally, Guerra Advisors Inc purchased a new position in shares of Robinhood Markets in the third quarter worth about $30,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Price Performance

The stock has a market cap of $62.03 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 1.56 and a beta of 2.46. The stock has a fifty day moving average of $80.09 and a 200 day moving average of $110.44.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results 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. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company earned $1.01 EPS. Robinhood Markets’s quarterly revenue was up 26.5% on a year-over-year basis. As a group, equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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.