Robinhood Markets (NASDAQ:HOOD) Shares Down 1.9% – Here’s Why

Robinhood Markets, Inc. (NASDAQ:HOOD) shares dropped 1.9% on Wednesday . The company traded as low as $75.34 and last traded at $76.75. Approximately 14,668,887 shares traded hands during trading, a decline of 51% from the average daily volume of 30,055,654 shares. The stock had previously closed at $78.27.

More Robinhood Markets News

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

• Positive Sentiment: April 2026 trading data showed higher equity and options activity, while platform assets jumped 49% year over year to $345.4 billion, signaling continued user engagement and growth for Robinhood. Article Title
• Positive Sentiment: The Senate Banking Committee advanced the Digital Asset Clarity Act, which could reduce regulatory uncertainty around crypto trading and is viewed as a constructive development for Robinhood’s crypto business. Article Title
• Positive Sentiment: Tiger Global Management disclosed a new first-quarter position in Robinhood in its latest 13-F filing, which may be seen as a vote of confidence from a major hedge fund. Article Title
• Neutral Sentiment: Robinhood’s exchange Rothera self-certified its first prediction market contracts, adding another product area that could broaden the platform over time. Article Title
• Negative Sentiment: Crypto-related stocks, including Robinhood, lost momentum as the initial rally tied to crypto legislation faded and investors refocused on broader market and digital asset risks. Article Title

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of recent research reports. Morgan Stanley dropped their price target on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Cantor Fitzgerald reissued an “overweight” rating and set a $110.00 price target on shares of Robinhood Markets in a research note on Wednesday, April 29th. Needham & Company LLC dropped their price target on shares of Robinhood Markets from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Mizuho boosted their price target on shares of Robinhood Markets from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, Jefferies Financial Group lowered their target price on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus target price of $107.88.

Robinhood Markets Price Performance

The stock has a market cap of $69.46 billion, a P/E ratio of 37.27, a P/E/G ratio of 2.51 and a beta of 2.29. The company’s 50 day simple moving average is $76.56 and its 200 day simple moving average is $99.04.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 8,540 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $84.93, for a total value of $725,302.20. Following the completion of the sale, the insider owned 53,183 shares in the company, valued at $4,516,832.19. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at $26,186,250. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 487,907 shares of company stock valued at $35,444,040 in the last three months. 14.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds have recently bought and sold shares of the business. Caisse Des Depots ET Consignations bought a new position in Robinhood Markets in the 3rd quarter valued at about $3,984,000. Aberdeen Group plc increased its holdings in Robinhood Markets by 565.1% in the 3rd quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock valued at $26,565,000 after buying an additional 157,643 shares during the period. Jennison Associates LLC bought a new position in Robinhood Markets in the 3rd quarter valued at about $322,823,000. NEOS Investment Management LLC bought a new position in Robinhood Markets in the 3rd quarter valued at about $11,994,000. Finally, New York Life Investment Management LLC bought a new position in Robinhood Markets in the 3rd quarter valued at about $14,989,000. 93.27% of the stock is owned by institutional investors.

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.