Robinhood Markets (NASDAQ:HOOD) Given New $82.00 Price Target at Barclays

Robinhood Markets (NASDAQ:HOOD) had its price target decreased by Barclays from $89.00 to $82.00 in a research report report published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other brokerages have also recently commented on HOOD. JPMorgan Chase & Co. reduced their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Truist Financial reduced their price target on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. The Goldman Sachs Group reduced their price target on shares of Robinhood Markets from $102.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Piper Sandler reduced their price target on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Finally, Zacks Research cut shares of Robinhood Markets from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Eighteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $110.17.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $71.20 on Wednesday. The business has a 50-day moving average of $76.28 and a 200-day moving average of $102.83. The company has a market capitalization of $64.10 billion, a PE ratio of 34.56, a P/E/G ratio of 2.52 and a beta of 2.46. Robinhood Markets has a 1-year low of $45.56 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.12). Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. On average, equities analysts expect that Robinhood Markets will post 1.95 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction dated 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 owned 452,849 shares of the company’s stock, valued at $34,185,571.01. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $83.92, for a total transaction of $489,673.20. Following the completion of the transaction, the chief technology officer directly owned 12,171 shares in the company, valued at $1,021,390.32. This represents a 32.41% decrease in their position. 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. Insiders have sold a total of 540,447 shares of company stock valued at $40,159,378 over the last ninety days. Insiders own 14.47% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

Large investors have recently bought and sold shares of the business. Caisse Des Depots ET Consignations bought a new stake in shares of Robinhood Markets during the third quarter valued at approximately $3,984,000. Aberdeen Group plc raised its holdings in shares of Robinhood Markets by 565.1% during the third quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock valued at $26,565,000 after buying an additional 157,643 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Robinhood Markets during the third quarter valued at approximately $322,823,000. NEOS Investment Management LLC bought a new stake in shares of Robinhood Markets during the third quarter valued at approximately $11,994,000. Finally, New York Life Investment Management LLC bought a new stake in shares of Robinhood Markets during the third quarter valued at approximately $14,989,000. 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: Product & user-growth tailwinds: Robinhood reported continued customer and product expansion — strong net deposits (~$18B), record growth in Robinhood Gold subscribers (up ~36% year-over-year to ~4.3M) and ongoing uptake of prediction markets and subscriptions that helped margins. Earnings press release
• Positive Sentiment: International expansion catalyst — Robinhood reportedly received in?principle regulatory approval to launch a securities brokerage in Singapore, which could broaden revenue sources beyond U.S. crypto and equities. Singapore expansion article
• Neutral Sentiment: Insider activity: CTO Jeffrey Tsvi Pinner sold ~5,835 shares under a pre?arranged 10b5?1 plan, reducing his stake; 10b5?1 trades are routine but can draw attention. SEC filing
• Neutral Sentiment: Mixed analyst moves: Several firms adjusted price targets after the print — some reaffirmed bullish views with higher targets while others trimmed forecasts (Barclays cut its target to $82, Keefe lowered to $65, etc.), leaving consensus sentiment mixed. Analyst note
• Negative Sentiment: Q1 miss and crypto slump: Robinhood reported EPS of $0.38 and revenue of $1.07B — below many Wall Street estimates — and crypto trading revenue plunged (reports cite declines as steep as ~47%), removing a major revenue driver. Crypto revenue article
• Negative Sentiment: Rising expenses and flagged investments: Management warned of higher costs tied to new initiatives (reports call out an ~18% jump in expenses and a flagged ~$100M investment related to onboarding new “Trump” accounts), which weighed on near?term profitability expectations. Expenses and investment article
• Negative Sentiment: Market reaction & macro backdrop: Shares sold off sharply on the earnings miss amid a broader pullback in financial stocks and Fed?related market uncertainty, driving elevated volume and downside pressure. Market reaction article

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.