Robinhood Markets (NASDAQ:HOOD) Trading 6.4% Higher – Should You Buy?

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) were up 6.4% during trading on Tuesday . The company traded as high as $69.41 and last traded at $69.30. Approximately 35,573,033 shares changed hands during trading, an increase of 21% from the average daily volume of 29,484,625 shares. The stock had previously closed at $65.16.

More Robinhood Markets News

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?

Wall Street Analyst Weigh In

HOOD has been the subject of several recent research reports. Truist Financial cut their price target on Robinhood Markets from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 12th. KeyCorp lowered their price objective on Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, February 9th. Argus initiated coverage on shares of Robinhood Markets in a report on Friday, January 9th. They issued a “buy” rating and a $145.00 target price for the company. Morgan Stanley raised their target price on shares of Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Monday, December 22nd. Finally, Cantor Fitzgerald lowered their target price on shares of Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 17th. Eighteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.58.

Robinhood Markets Trading Down 1.7%

The stock has a market capitalization of $62.06 billion, a PE ratio of 33.43, a PEG ratio of 1.56 and a beta of 2.46. The firm’s 50-day moving average price is $80.09 and its 200-day moving average price is $110.44.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data 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. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Steven M. Quirk sold 52,540 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total value of $4,613,537.40. Following the completion of the sale, the insider owned 27,564 shares in the company, valued at approximately $2,420,394.84. This trade represents a 65.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $107.48, for a total value of $630,262.72. Following the transaction, the chief technology officer owned 9,133 shares of the company’s stock, valued at approximately $981,614.84. The trade was a 39.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 469,268 shares of company stock valued at $54,409,454 over the last ninety days. 14.47% of the stock is owned by corporate insiders.

Institutional Trading of Robinhood Markets

Large investors have recently modified their holdings of the company. Valley National Advisers Inc. lifted its holdings in Robinhood Markets by 113.6% during the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. Sound Income Strategies LLC raised its stake in Robinhood Markets by 152.6% in the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares during the last quarter. CYBER HORNET ETFs LLC lifted its position in Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the period. 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. Finally, Elyxium Wealth LLC purchased a new stake in Robinhood Markets during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors 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.