Robinhood Markets (NASDAQ:HOOD) Trading Down 1.8% – What’s Next?

Robinhood Markets, Inc. (NASDAQ:HOOD) was down 1.8% on Wednesday . The company traded as low as $104.33 and last traded at $104.48. Approximately 11,003,716 shares were traded during trading, a decline of 63% from the average session volume of 29,611,994 shares. The stock had previously closed at $106.36.

Robinhood Markets News Roundup

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

• Positive Sentiment: KeyCorp raised its price target on Robinhood Markets (HOOD) to $125 from $100 and reiterated an overweight rating, signaling expectations for further upside.
• Positive Sentiment: Needham & Company also increased its target to $123 from $97 and kept a buy rating, adding to the bullish analyst tone around the stock.
• Positive Sentiment: Bernstein said Robinhood’s prediction-market business could become a major growth driver, with revenue potentially reaching $1.7 billion by 2028 and possibly overtaking crypto revenue as soon as this quarter.
• Positive Sentiment: Bernstein’s upgraded outlook and higher price target to $160 reflect confidence that Robinhood’s mix of trading, crypto, and prediction markets could support faster revenue growth.
• Positive Sentiment: Robinhood’s partnership with WHOOP adds a premium-card perk for Platinum Card holders, helping strengthen its consumer ecosystem and premium offering. WHOOP Teams Up with Robinhood on New Member Benefit
• Neutral Sentiment: Multiple reports highlighted Robinhood’s upcoming Q2 earnings, with Zacks noting the company appears positioned to beat estimates, but the actual results are still pending. Robinhood Markets, Inc. (HOOD) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
• Neutral Sentiment: Coverage also noted strong momentum in Robinhood Chain and tokenized assets, including TVL topping $450 million shortly after launch, which could support longer-term growth but is still early-stage. Robinhood’s $450M crypto bet: Inside Robinhood Chain’s rapid rise
• Negative Sentiment: Competitive pressure remains a risk, as Kraken is expanding tokenized stock offerings into U.K. and Asian equities, potentially increasing competition in Robinhood’s emerging crypto and tokenization markets. Kraken Expands Tokenized Stocks To U.K. And Asian Equities

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HOOD shares. The Goldman Sachs Group upped their target price on Robinhood Markets from $121.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Piper Sandler reissued an “overweight” rating on shares of Robinhood Markets in a research note on Thursday, July 2nd. Loop Capital set a $110.00 price objective on shares of Robinhood Markets in a report on Wednesday, June 17th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $155.00 price objective on shares of Robinhood Markets in a research note on Thursday, May 28th. Finally, Jefferies Financial Group reduced their target price 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. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.22.

Robinhood Markets Stock Performance

The firm has a 50-day moving average of $95.20 and a 200-day moving average of $88.73. The firm has a market capitalization of $94.08 billion, a P/E ratio of 50.47, a price-to-earnings-growth ratio of 2.10 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, insider Steven M. Quirk sold 19,377 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $119.96, for a total value of $2,324,464.92. Following the sale, the insider owned 62,612 shares of the company’s stock, valued at $7,510,935.52. This trade represents a 23.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka acquired 250,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $80.74 per share, for a total transaction of $20,185,000.00. Following the transaction, the director directly owned 3,924,427 shares of the company’s stock, valued at approximately $316,858,235.98. This trade represents a 6.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 680,000 shares of company stock valued at $55,306,560 and sold 587,875 shares valued at $62,602,915. Corporate insiders own 13.48% of the company’s stock.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently modified their holdings of HOOD. Evolution Wealth Advisors LLC grew its position in Robinhood Markets by 5.2% in the fourth quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after acquiring an additional 95 shares in the last quarter. CogentBlue Wealth Advisors LLC raised its position in Robinhood Markets by 4.1% during the fourth quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock valued at $282,000 after purchasing an additional 98 shares during the period. SOA Wealth Advisors LLC. raised its position in Robinhood Markets by 11.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock valued at $109,000 after purchasing an additional 100 shares during the period. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Robinhood Markets by 10.2% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 1,210 shares of the company’s stock valued at $137,000 after purchasing an additional 112 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of Robinhood Markets by 8.5% in the 4th quarter. Bogart Wealth LLC now owns 1,463 shares of the company’s stock worth $165,000 after purchasing an additional 114 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Company Profile

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.