Robinhood Markets (NASDAQ:HOOD) Stock Price Down 3% After Analyst Downgrade

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) were down 3% during trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $102.00 to $91.00. The Goldman Sachs Group currently has a buy rating on the stock. Robinhood Markets traded as low as $69.70 and last traded at $70.35. Approximately 21,146,561 shares traded hands during trading, a decline of 28% from the average daily volume of 29,412,557 shares. The stock had previously closed at $72.54.

A number of other equities research analysts also recently issued reports on the stock. Bank of America reduced their price target on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. New Street Research set a $122.00 price target on Robinhood Markets in a report on Thursday, March 5th. Cantor Fitzgerald dropped their price objective on Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. Truist Financial reduced their price objective on Robinhood Markets from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $180.00 target price on shares of Robinhood Markets in a research report on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.48.

Insider Buying and Selling at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $75.49, for a total value of $754,900.00. Following the sale, the insider directly owned 452,849 shares in the company, valued at $34,185,571.01. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Quirk sold 52,540 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider directly owned 27,564 shares of the company’s stock, valued at approximately $2,420,394.84. This trade represents a 65.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 469,268 shares of company stock worth $54,409,454 over the last ninety days. 14.47% of the stock is currently owned by company insiders.

Key Robinhood Markets News

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

• Positive Sentiment: Board authorizes a new $1.5 billion share repurchase program, a clear capital-return catalyst that supported the midweek rally and boosts buyback-driven EPS support. MarketWatch: Buyback Authorization
• Positive Sentiment: BofA reiterated a Buy rating with a $122 price target after Robinhood’s recent product launches, signaling institutional confidence in revenue/engagement upside from new offerings. BofA Reaffirms Buy
• Positive Sentiment: Robinhood expanded consumer services (banking features and a Gold Card), which could increase product stickiness and non-trading revenue over time. CrowdFundInsider: Banking Services
• Neutral Sentiment: Jefferies initiated coverage with a Buy and an $88 target — another vote of confidence but below some higher analyst targets, offering moderate upside from current levels. Benzinga: Jefferies Coverage
• Neutral Sentiment: Management commentary (interviews) points to retail client behavior and crypto exposure as drivers of short-term volatility — useful color for traders but not a clear buy/sell signal. YouTube: Exec Interview
• Negative Sentiment: Goldman Sachs cut its price target from $102 to $91 (still a Buy), narrowing expected upside and removing some bullish momentum from higher targets. Benzinga: Goldman PT Cut
• Negative Sentiment: Valuation scrutiny: Zacks highlights HOOD’s premium trailing price/tangible-book (~7.7x) versus the industry (~2.95x), increasing sensitivity to execution misses and making the stock more vulnerable to downside on any growth hiccup. Zacks: Valuation Analysis
• Negative Sentiment: Some coverage notes the stock slid to 2026 lows despite the buyback, suggesting recent rallies were at least partly profit-taking and that buybacks alone may not offset broader selling pressure. Blockonomi: Stock Drops Despite Buyback

Hedge Funds Weigh In On Robinhood Markets

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its position in shares of Robinhood Markets by 46.7% in the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after acquiring an additional 15,885 shares in the last quarter. American Century Companies Inc. increased its position in Robinhood Markets by 33.0% during the 2nd quarter. American Century Companies Inc. now owns 143,764 shares of the company’s stock worth $13,461,000 after purchasing an additional 35,711 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in Robinhood Markets by 16.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 7,376 shares of the company’s stock valued at $691,000 after purchasing an additional 1,045 shares during the last quarter. Prudential Financial Inc. raised its stake in Robinhood Markets by 462.9% in the 2nd quarter. Prudential Financial Inc. now owns 320,702 shares of the company’s stock valued at $30,027,000 after purchasing an additional 263,729 shares during the last quarter. Finally, Waterloo Capital L.P. purchased a new position in Robinhood Markets in the 2nd quarter valued at about $277,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Stock Performance

The company has a market capitalization of $63.34 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.56 and a beta of 2.47. The stock’s fifty day simple moving average is $84.06 and its 200-day simple moving average is $112.16.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $1.28 billion during 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 quarter in the previous year, the business posted $1.01 earnings per share. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Robinhood Markets Company Profile

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.