Robinhood Markets (NASDAQ:HOOD) Price Target Cut to $89.00 by Analysts at Barclays

Robinhood Markets (NASDAQ:HOOD) had its target price dropped by equities researchers at Barclays from $124.00 to $89.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 21.48% from the stock’s previous close.

A number of other research analysts have also issued reports on HOOD. Jefferies Financial Group reduced their price target on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group reduced their price target on Robinhood Markets from $102.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Piper Sandler reduced their price target on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Needham & Company LLC cut their price objective on Robinhood Markets from $100.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Truist Financial cut 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. Eighteen equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.46.

Robinhood Markets Stock Up 5.2%

HOOD stock traded up $3.61 during trading on Wednesday, reaching $73.26. 20,381,594 shares of the company’s stock were exchanged, compared to its average volume of 29,022,449. Robinhood Markets has a 1-year low of $33.55 and a 1-year high of $153.86. The company’s fifty day moving average price is $77.13 and its 200-day moving average price is $108.97. The firm has a market cap of $65.96 billion, a PE ratio of 35.46, a P/E/G ratio of 1.63 and a beta of 2.46.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. As a group, sell-side analysts expect that Robinhood Markets will post 1.35 earnings per share for the current fiscal year.

Insider Activity at Robinhood Markets

In related news, insider Steven M. Quirk sold 52,540 shares of the company’s stock in a transaction 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. The trade was a 65.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 452,849 shares in the company, valued at $34,185,571.01. The trade was a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 78,404 shares of company stock valued at $6,869,400. Company insiders own 14.47% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Valley National Advisers Inc. raised its position in Robinhood Markets by 113.6% during the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Golden State Wealth Management LLC raised its position in Robinhood Markets by 107.6% during the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after buying an additional 99 shares during the period. Vision Financial Markets LLC raised its position in Robinhood Markets by 100.0% during the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Robinhood Markets during the third quarter valued at $29,000. Finally, Guerra Advisors Inc acquired a new position in Robinhood Markets during the third quarter valued at $30,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood was selected by the U.S. Treasury (with BNY Mellon) to serve as brokerage and initial trustee for the new Trump Accounts for children — the program includes a dedicated app and seeded deposits that could drive recurring account openings and assets under custody. Robinhood’s Trump Accounts Role Adds Long Term Savings Angle For Investors
• Positive Sentiment: CEO Vlad Tenev highlighted on CNBC that the Trump Accounts put Robinhood in front of the next generation of savers — management commentary helps investors frame revenue/engagement upside from the program. Trump Accounts put Robinhood in front of the next generation of investors, says CEO Vlad Tenev
• Neutral Sentiment: Keefe, Bruyette & Woods started coverage with a “market perform” rating and a $75 price target — implies modest upside from current levels but is not a strong buy signal. Benzinga
• Neutral Sentiment: Jefferies lowered its price target (from $88 to $84) but kept a “buy” rating — shows conviction by some sell‑side desks remains, even as estimates are being trimmed. Benzinga
• Negative Sentiment: Several Wall Street firms recently reduced Robinhood price targets — analyst downgrades/target cuts can cap short‑term upside and increase volatility. Robinhood (HOOD) Stock Faces Price Target Reductions From Five Wall Street Firms
• Negative Sentiment: Jefferies (and other outlets) published more pessimistic near‑term forecasts for HOOD — investor caution may follow if the company can’t quickly convert the Trump Accounts opportunity into visible revenue. Jefferies Financial Group Issues Pessimistic Forecast for Robinhood Markets (NASDAQ:HOOD) Stock Price
• Negative Sentiment: Barclays downgraded Coinbase citing weak crypto volumes — a reminder that industry‑wide crypto trading softness would hurt Robinhood’s crypto revenue and margins even as its retail product lineup expands. Coinbase downgraded at Barclays as weak crypto volumes pressure profitability

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.