Robinhood Markets (NASDAQ:HOOD) Shares Down 5.5% on Analyst Downgrade

Robinhood Markets, Inc. (NASDAQ:HOOD) shares dropped 5.5% during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $113.00 to $92.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Robinhood Markets traded as low as $81.75 and last traded at $83.54. Approximately 33,144,423 shares were traded during trading, an increase of 9% from the average daily volume of 30,526,170 shares. The stock had previously closed at $88.43.

HOOD has been the subject of several other reports. Needham & Company LLC reduced their price objective on Robinhood Markets from $100.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. The Goldman Sachs Group reduced their price objective on Robinhood Markets from $102.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Compass Point reissued a “buy” rating on shares of Robinhood Markets in a report on Wednesday, February 11th. Keefe, Bruyette & Woods began coverage on Robinhood Markets in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective for the company. Finally, Piper Sandler reduced their price objective on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Eighteen equities research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.08.

Insider Transactions at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $69.85, for a total value of $698,500.00. Following the completion of the transaction, the insider directly owned 442,849 shares of the company’s stock, valued at $30,933,002.65. This trade represents a 2.21% decrease in their ownership of the stock. The transaction 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, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $69.83, for a total value of $26,186,250.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at $26,186,250. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 540,476 shares of company stock valued at $40,299,967. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood Ventures closed a $75M investment in OpenAI, a move that gives retail investors indirect exposure to a major AI winner and supports longer-term growth narrative for HOOD. Read More.
• Positive Sentiment: Several sell?side firms remain bullish or see upside (Bernstein highlighted asymmetric upside and other firms have published favorable outlooks), which helps underpin investor confidence despite short-term weakness. Read More.
• Neutral Sentiment: Q1 2026 earnings are scheduled for April 28 after the close; multiple previews are flagging key metrics (crypto revenue, user activity, margins) to watch — this event is the likely near-term catalyst for bigger moves in HOOD. Read More.
• Negative Sentiment: JPMorgan cut its price target from $113 to $92 and moved to a “neutral” rating, removing a previous bullish anchor and putting downward pressure on sentiment. Read More.
• Negative Sentiment: Reports of insider selling have surfaced, which can amplify near-term selling pressure and investor caution ahead of earnings. Read More.
• Negative Sentiment: KeyBanc and other boutiques have trimmed estimates or lowered targets citing crypto headwinds and more conservative revenue assumptions, contributing to the day’s weakness. Read More.
• Negative Sentiment: Market coverage is split and traders are positioning ahead of earnings; that split — combined with the analyst downgrades — is cited as the proximate cause for the intraday pullback. Read More.

Hedge Funds Weigh In On Robinhood Markets

Large investors have recently made changes to their positions in the stock. Valley National Advisers Inc. boosted its holdings in shares of 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. Golden State Wealth Management LLC boosted its holdings in shares of 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. Vision Financial Markets LLC boosted its holdings in shares of Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Robinhood Markets in the third quarter worth $29,000. Finally, Guerra Advisors Inc bought a new stake in Robinhood Markets during the third quarter valued at $30,000. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Price Performance

The company has a market cap of $75.21 billion, a P/E ratio of 40.55, a price-to-earnings-growth ratio of 2.57 and a beta of 2.46. The company has a 50 day moving average of $75.64 and a 200-day moving average of $105.11.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. Research analysts anticipate that Robinhood Markets, Inc. will post 1.97 EPS for the current year.

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.