Keefe, Bruyette & Woods Cuts Robinhood Markets (NASDAQ:HOOD) Price Target to $65.00

Robinhood Markets (NASDAQ:HOOD) had its target price cut by Keefe, Bruyette & Woods from $75.00 to $65.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a market perform rating on the stock.

Several other equities research analysts have also recently commented on HOOD. 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 research report on Monday, April 6th. Piper Sandler cut their target price on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Needham & Company LLC cut their target price on shares of Robinhood Markets from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday. New Street Research set a $122.00 target price on shares of Robinhood Markets in a research note on Thursday, March 5th. Finally, Wolfe Research upgraded shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 target price for the company in a research note on Monday, February 9th. Eighteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $107.88.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $73.66 on Wednesday. The company’s 50-day moving average price is $76.22 and its two-hundred day moving average price is $102.62. Robinhood Markets has a one year low of $45.56 and a one year high of $153.86. The stock has a market capitalization of $66.32 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 2.19 and a beta of 2.29.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned $0.37 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, analysts anticipate that Robinhood Markets will post 1.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $83.92, for a total value of $489,673.20. Following the transaction, the chief technology officer owned 12,171 shares in the company, valued at approximately $1,021,390.32. This represents a 32.41% decrease in their position. The sale 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, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $26,186,250. This trade represents a 50.00% 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. Insiders have sold 540,447 shares of company stock worth $40,159,378 in the last 90 days. Corporate insiders own 14.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its position in shares of Robinhood Markets by 118.0% during the 1st quarter. International Assets Investment Management LLC now owns 10,328 shares of the company’s stock worth $724,000 after purchasing an additional 5,590 shares in the last quarter. Trifecta Capital Advisors LLC grew its position in shares of Robinhood Markets by 4.7% during the 1st quarter. Trifecta Capital Advisors LLC now owns 37,585 shares of the company’s stock worth $2,605,000 after purchasing an additional 1,695 shares in the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Robinhood Markets during the 1st quarter worth approximately $3,665,000. Carnegie Investment Counsel grew its position in shares of Robinhood Markets by 6,385.5% during the 1st quarter. Carnegie Investment Counsel now owns 123,225 shares of the company’s stock worth $8,539,000 after purchasing an additional 121,325 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its position in shares of Robinhood Markets by 12.4% during the 1st quarter. 180 Wealth Advisors LLC now owns 3,110 shares of the company’s stock worth $216,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets News Summary

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

• Positive Sentiment: Core user and deposit trends look healthy: funded customers, net deposits and record Robinhood Gold subscriptions grew in Q1 and prediction-market activity contributed fee revenue, supporting a longer-term recurring‑revenue story. Q1 Earnings Call Summary
• Positive Sentiment: Prediction markets momentum: management said prediction-market fees overtook crypto in the quarter, which can diversify revenue away from volatile crypto swings. Earnings Video
• Positive Sentiment: International expansion progress — in‑principle regulatory approval in Singapore supports TAM expansion outside the U.S. if it converts to live revenues. Singapore Article
• Neutral Sentiment: Executive insider selling was disclosed (CTO sold shares under a pre‑arranged 10b5‑1 plan); procedural but watched by investors. SEC Form 4
• Neutral Sentiment: Some brokers still bullish even as targets shift — Cantor Fitzgerald reaffirmed an Overweight rating while Argus trimmed its price target but kept a Buy, leaving the sell‑side split on near‑term valuation. Cantor Fitzgerald Article Argus/Ticker Report
• Negative Sentiment: Q1 misses: revenue (~$1.07B) and EPS (reported $0.38) came in below consensus, triggering a sharp share pullback as investors re‑price near‑term growth and margin assumptions. Earnings Call Summary
• Negative Sentiment: Crypto revenue plunge was the primary driver of the top‑line shortfall, highlighting ongoing sensitivity to crypto market volatility. Investopedia Crypto Article
• Negative Sentiment: Higher operating expenses and a disclosed ~18% expense increase (including a ~$100M initiative) could pressure near‑term margins even as the company invests in growth. Yahoo Finance: Expenses
• Negative Sentiment: Growing analyst pessimism and target cuts (Barclays, Needham and others lowering targets or tone) amplify downside risk until revenue mix and margin trends stabilize. Barclays Reset Needham Note
• Negative Sentiment: New report flags a government-related deal that has turned sour, which could dent expected revenue or partnerships if material. AOL 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.