Robinhood Markets (NASDAQ:HOOD) Given New $110.00 Price Target at KeyCorp

Robinhood Markets (NASDAQ:HOOD) had its price objective cut by research analysts at KeyCorp from $120.00 to $110.00 in a report released on Tuesday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 21.96% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Sanford C. Bernstein restated an “outperform” rating and set a $130.00 price target on shares of Robinhood Markets in a report on Tuesday, April 14th. Jefferies Financial Group cut their price target on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Monday, April 6th. New Street Research set a $122.00 price target on shares of Robinhood Markets in a report on Thursday, March 5th. Wall Street Zen cut shares of Robinhood Markets from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Needham & Company LLC cut their price target on shares of Robinhood Markets from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.21.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD traded down $1.08 during mid-day trading on Tuesday, reaching $90.20. 7,326,949 shares of the company’s stock traded hands, compared to its average volume of 30,123,152. The stock has a market cap of $81.21 billion, a P/E ratio of 43.67, a PEG ratio of 2.64 and a beta of 2.46. The business has a 50-day simple moving average of $75.41 and a 200 day simple moving average of $105.67. Robinhood Markets has a 1-year low of $40.81 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business’s revenue was up 26.5% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. Equities research analysts anticipate that Robinhood Markets will post 2.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Robinhood Markets news, CFO Shiv Verma sold 5,436 shares of Robinhood Markets stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $85.86, for a total value of $466,734.96. Following the sale, the chief financial officer owned 52,747 shares of the company’s stock, valued at approximately $4,528,857.42. The trade was a 9.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $69.85, for a total transaction of $698,500.00. Following the completion of the sale, the insider directly owned 442,849 shares in the company, valued at approximately $30,933,002.65. This represents a 2.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 540,476 shares of company stock valued at $40,299,967. Company insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

Hedge funds have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. raised its position in Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Sound Income Strategies LLC raised its position in Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares during the period. CYBER HORNET ETFs LLC raised its position in Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the period. Golden State Wealth Management LLC raised its position in Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 99 shares during the period. Finally, Elyxium Wealth LLC bought a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $27,000. Institutional investors own 93.27% of the company’s stock.

Key Robinhood Markets News

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

• Positive Sentiment: Mizuho raised its price target to $115 (Outperform), citing the SEC’s removal of the $25,000 PDT requirement and an expected surge in intraday trading that favors Robinhood’s order flow and margin products. Read More.
• Positive Sentiment: Cantor Fitzgerald raised its target to $110 with an Overweight rating, adding analyst backing to the bull case and supporting sentiment and multiple expansion. Read More.
• Positive Sentiment: The SEC replaced the old $25k PDT rule with a modern intraday margin framework that allows much smaller accounts to day trade — a structural tailwind for Robinhood’s active?trader engagement, potential increases in margin balances and trading revenue. Read More.
• Positive Sentiment: Analysts and media highlight Robinhood’s expansion beyond core trading into payments, subscriptions and crypto, which could diversify revenue and support a higher valuation if execution continues. Read More.
• Neutral Sentiment: Billionaire investor John Arnold warned prediction markets may endanger young users — commentary that could draw regulatory attention to new product lines but is not an immediate operational issue. Read More.
• Neutral Sentiment: CEO Vlad Tenev gave interviews about his long?term vision and legacy — positive for brand and investor storytelling but unlikely to move fundamentals near?term. Read More.
• Negative Sentiment: Director Baiju Bhatt sold 57,261 shares (~$4.95M) under a pre?arranged Rule 10b5?1 plan; additional insider sales were reported. While planned sales are common, large insider disposals can create short?term selling pressure or raise questions for some investors. Read More.

About Robinhood Markets

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.