Robinhood Markets (NASDAQ:HOOD) Stock Gets Price Target Trim from Wells Fargo & Company

Robinhood Markets (NASDAQ:HOOD) had its price objective cut by Wells Fargo & Company from $120.00 to $100.00 in a report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts also recently weighed in on HOOD. Evercore initiated coverage on Robinhood Markets in a research report on Monday, October 12th. They set an “outperform” rating and a $130.00 price objective on the stock. China Renaissance initiated coverage on shares of Robinhood Markets in a research note on Tuesday, July 7th. They issued a “buy” rating and a $156.80 target price for the company. Raymond James Financial reaffirmed a “market perform” rating on shares of Robinhood Markets in a research report on Monday, October 5th. Zacks Research raised Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Finally, Loop Capital set a $135.00 target price on Robinhood Markets in a research note on Tuesday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.39.

Robinhood Markets Stock Performance

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

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

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the completion of the sale, the insider owned 499,943 shares of the company’s stock, valued at $56,848,518.53. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 11,472 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the completion of the transaction, the chief financial officer directly owned 56,858 shares in the company, valued at $6,278,260.36. The trade was a 16.79% 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. Over the last 90 days, insiders have sold 1,091,347 shares of company stock valued at $128,447,880. 13.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Robinhood Markets by 10.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock valued at $472,141,000 after purchasing an additional 632,403 shares during the last quarter. Amundi raised its stake in shares of Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after buying an additional 3,007,103 shares in the last quarter. Amova Asset Management Americas Inc. increased its holdings in shares of Robinhood Markets by 15.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after purchasing an additional 685,041 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Robinhood Markets by 48.6% in the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after buying an additional 1,668,400 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Robinhood Markets during the second quarter worth $379,695,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Key Headlines 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

Robinhood Markets Company Profile

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.