Robinhood Markets (NASDAQ:HOOD) Stock Gets Price Target Cut from Scotiabank

Robinhood Markets (NASDAQ:HOOD) had its price objective trimmed by Scotiabank from $136.00 to $124.00 in a research report report published on Wednesday, Marketbeat reports. The brokerage currently has a sector outperform rating on the stock.

Several other analysts also recently issued reports on the stock. Zacks Research raised shares of Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Robinhood Markets from $138.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Mizuho raised their price objective on Robinhood Markets from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. Morgan Stanley lifted their target price on Robinhood Markets from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, October 9th. Finally, KeyCorp increased their price target on shares of Robinhood Markets from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.39.

Robinhood Markets Trading Down 7.2%

Shares of HOOD opened at $84.99 on Wednesday. The business’s 50-day moving average price is $108.49 and its 200 day moving average price is $93.04. The stock has a market capitalization of $76.41 billion, a P/E ratio of 39.17, a P/E/G ratio of 1.95 and a beta of 2.35. Robinhood Markets has a 1-year low of $63.51 and a 1-year high of $150.47. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, October 27th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Analysts expect that Robinhood Markets will post 2.15 earnings per share for the current year.

Insider Activity at Robinhood Markets

In other news, insider Steven M. Quirk sold 24,416 shares of Robinhood Markets stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total value of $2,937,977.28. Following the completion of the sale, the insider directly owned 77,839 shares of the company’s stock, valued at approximately $9,366,366.87. This trade represents a 23.88% decrease in their position. The transaction was disclosed in a 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, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the sale, the chief executive officer owned 375,000 shares of the company’s stock, valued at approximately $42,645,000. This represents a 50.00% 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 1,091,347 shares of company stock valued at $128,447,880 in the last three months. 13.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. James T. Borello RIA bought a new stake in shares of Robinhood Markets in the third quarter worth about $29,000. C M Bidwell & Associates Ltd. bought a new position in Robinhood Markets during the second quarter worth $27,000. Continuum Advisory LLC bought a new stake in Robinhood Markets in the 2nd quarter valued at $40,000. Cassaday & Co Wealth Management LLC acquired a new position in Robinhood Markets in the 1st quarter valued at $33,000. Finally, Glen Eagle Advisors LLC grew its position in Robinhood Markets by 100.7% in the first quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock valued at $39,000 after acquiring an additional 285 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Diversification is gaining traction. Robinhood reported record third-quarter revenue of approximately $1.42 billion, while prediction-market activity, equities, options and margin trading remained strong. Management also highlighted expansion of its Agentic Trading suite, crypto offerings and broader financial “super app” strategy. Robinhood’s Diversification Push Gains Momentum in Q3
• Positive Sentiment: Prediction markets are a major growth opportunity. The business reportedly grew sevenfold year over year, with management arguing that prediction markets could become a significant long-term revenue stream as activity expands beyond sports. Why Robinhood Thinks We’re at the Beginning of a Prediction Market Supercycle
• Positive Sentiment: Some analysts remain bullish. BTIG, Rosenblatt and Citizens JMP reiterated positive ratings, reflecting confidence in Robinhood’s product expansion and longer-term growth potential. BTIG Reaffirms Buy Rating
• Neutral Sentiment: Broader market pressure is adding volatility. A technology selloff and concerns about the sustainability of AI-related spending are weighing on high-growth and trading-platform stocks generally. Morning Call Sheet
• Negative Sentiment: Quarterly profitability disappointed investors. Although revenue reached a record, reports said adjusted EPS missed expectations, while GAAP net income and diluted EPS fell year over year. The contrast between strong top-line growth and weaker earnings raised concerns about operating performance and valuation. Why Wall Street Remains Bullish Despite the Decline
• Negative Sentiment: Crypto revenue fell sharply. Crypto revenue dropped 55% year over year amid a weaker crypto market, reducing a historically important source of transaction revenue. A record Binance theft also pressured crypto-related stocks across the sector. Crypto Stocks Fall After Binance Hack
• Negative Sentiment: Analysts lowered expectations. Wells Fargo, Goldman Sachs, JPMorgan, Barclays, KeyCorp, Scotiabank and Needham reduced price targets or forecasts, contributing to selling pressure. Barclays Cuts Robinhood Price Target

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.