Citizens Jmp Reaffirms Market Outperform Rating for Robinhood Markets (NASDAQ:HOOD)

Robinhood Markets (NASDAQ:HOOD)‘s stock had its “market outperform” rating reissued by research analysts at Citizens Jmp in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $165.00 price objective on the stock. Citizens Jmp‘s price target points to a potential upside of 79.45% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a report on Friday, October 9th. Keefe, Bruyette & Woods lifted their target price on Robinhood Markets from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Tuesday, September 29th. China Renaissance initiated coverage on Robinhood Markets in a report on Tuesday, July 7th. They issued a “buy” rating and a $156.80 target price on the stock. Barclays lifted their target price on Robinhood Markets from $105.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Robinhood Markets in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus price target of $128.54.

Robinhood Markets Price Performance

NASDAQ:HOOD traded down $2.61 during trading hours on Wednesday, reaching $91.95. 15,657,762 shares of the company traded hands, compared to its average volume of 26,499,754. The firm’s 50-day moving average is $108.78 and its 200-day moving average is $93.44. The stock has a market cap of $82.67 billion, a P/E ratio of 40.49 and a beta of 2.35. Robinhood Markets has a 1-year low of $63.51 and a 1-year high of $150.47.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.60 earnings per share (EPS) 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 analyst estimates of $1.44 billion. During the same quarter last year, the business earned $0.61 EPS. Robinhood Markets’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, research analysts predict that Robinhood Markets will post 2.19 earnings per share for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, Director Baiju Bhatt sold 50,912 shares of Robinhood Markets stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $101.40, for a total transaction of $5,162,476.80. The sale was disclosed in a document filed with the SEC, which can be accessed 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 dated Monday, October 5th. The stock was sold at an average price of $113.72, for a total value of $42,645,000.00. Following the sale, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $42,645,000. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,091,347 shares of company stock valued at $128,447,880. Company insiders own 13.48% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sage Rhino Capital LLC raised its holdings in Robinhood Markets by 10.7% during the third quarter. Sage Rhino Capital LLC now owns 2,507 shares of the company’s stock worth $282,000 after purchasing an additional 243 shares in the last quarter. Childress Capital Advisors LLC raised its holdings in Robinhood Markets by 4.6% during the third quarter. Childress Capital Advisors LLC now owns 7,988 shares of the company’s stock worth $899,000 after purchasing an additional 352 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Robinhood Markets by 7.8% during the third quarter. D.A. Davidson & CO. now owns 25,902 shares of the company’s stock worth $2,914,000 after purchasing an additional 1,868 shares in the last quarter. North Dakota State Investment Board raised its holdings in Robinhood Markets by 4.3% during the third quarter. North Dakota State Investment Board now owns 23,530 shares of the company’s stock worth $2,647,000 after purchasing an additional 969 shares in the last quarter. Finally, BLB&B Advisors LLC raised its holdings in Robinhood Markets by 1.3% during the third quarter. BLB&B Advisors LLC now owns 79,844 shares of the company’s stock worth $8,982,000 after purchasing an additional 999 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood reported record quarterly revenue of approximately $1.42 billion, up about 12% year over year. Adjusted earnings of $0.60 per share exceeded the $0.56 consensus estimate, while net deposits reached $16 billion and Robinhood Gold subscribers rose to a record 5.2 million. Robinhood Reports Third Quarter 2026 Results
• Positive Sentiment: Strong options, equity and prediction-market activity helped offset cryptocurrency weakness. Event-contract trading reached a record, and the company said 14 business lines now generate at least $100 million in annualized revenue, supporting its strategy to diversify beyond crypto. Robinhood Q3 Highlights
• Positive Sentiment: Analysts remain broadly constructive. Citizens JMP reaffirmed “market outperform” with a $165 target, while Rosenblatt and BTIG maintained “buy” ratings with $135 targets. KeyCorp and Scotiabank also kept positive ratings despite lowering their targets to $135 and $124, respectively.
• Positive Sentiment: A partnership with Ripple to expand RLUSD access could broaden Robinhood’s stablecoin, institutional-market and treasury-management capabilities. Ripple strikes deal with Robinhood
• Neutral Sentiment: Several firms reduced price targets, including Truist to $125 and Needham to $116. The cuts indicate more cautious near-term assumptions, although each firm retained a buy-equivalent rating.
• Negative Sentiment: Crypto revenue declined 55% year over year to roughly $120 million as cryptocurrency markets cooled. Reported diluted EPS of $0.51 fell short of some Wall Street estimates, and revenue was slightly below consensus. Robinhood shares fall as crypto markets chill drives profit miss
• Negative Sentiment: Robinhood did not provide a 2026 outlook for total operating expenses, increasing uncertainty about margins. The Ohio Casino Control Commission also issued a cease-and-desist letter demanding that the company stop offering sports-related event contracts in the state.
• Negative Sentiment: Reports of substantial insider selling added pressure and may reinforce concerns about valuation and shareholder confidence.

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.