Needham & Company LLC Cuts Robinhood Markets (NASDAQ:HOOD) Price Target to $90.00

Robinhood Markets (NASDAQ:HOOD) had its price target cut by Needham & Company LLC from $100.00 to $90.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

HOOD has been the subject of a number of other reports. Citizens Jmp reiterated a “market outperform” rating and issued a $180.00 target price on shares of Robinhood Markets in a report on Wednesday, February 11th. Piper Sandler lowered their price target on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Loop Capital set a $130.00 price objective on shares of Robinhood Markets in a research report on Monday, February 9th. Morgan Stanley boosted their price objective on shares of Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Monday, December 22nd. Finally, Mizuho decreased their target price on shares of Robinhood Markets from $135.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.58.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $68.90 on Thursday. The stock has a market capitalization of $62.03 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 1.63 and a beta of 2.46. The stock’s fifty day simple moving average is $78.59 and its two-hundred day simple moving average is $109.78. Robinhood Markets has a 12-month low of $29.66 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm 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 business’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. On average, equities analysts predict that Robinhood Markets will post 1.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $75.49, for a total transaction of $754,900.00. Following the sale, the insider owned 452,849 shares in the company, valued at approximately $34,185,571.01. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, January 5th. The shares were sold at an average price of $121.63, for a total transaction of $45,611,250.00. Following the transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $45,611,250. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 469,268 shares of company stock worth $54,409,454 over the last ninety days. Insiders own 14.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC increased its position in shares of Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after acquiring an additional 15,885 shares during the period. American Century Companies Inc. lifted its position in Robinhood Markets by 33.0% during the 2nd quarter. American Century Companies Inc. now owns 143,764 shares of the company’s stock worth $13,461,000 after acquiring an additional 35,711 shares during the period. Advisors Asset Management Inc. purchased a new stake in Robinhood Markets during the 2nd quarter valued at about $315,000. Northwestern Mutual Wealth Management Co. grew its stake in Robinhood Markets by 4.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,357 shares of the company’s stock valued at $782,000 after purchasing an additional 394 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Robinhood Markets in the second quarter valued at about $4,314,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Banking deposits top $1.5B, showing early success of Robinhood Banking and stronger customer “stickiness” that can diversify revenues away from trading fees — a potentially stabilizing, long‑term positive for HOOD’s valuation. Robinhood Banking Deposits Grow As Trading Heavy Model Faces New Test
• Positive Sentiment: Analyst note (Seeking Alpha) suggests a technical/valuation rebound may be forming after prior weakness, which could attract buyers if trading metrics and crypto sentiment stabilize. Robinhood: A New Bull Cycle Is Forming (Rating Upgrade)
• Neutral Sentiment: Needham trimmed its price target from $100 to $90 but kept a buy rating — a modest recalibration that tempers upside expectations without changing a constructive stance. Benzinga
• Neutral Sentiment: Profile pieces on CEO Vlad Tenev and product roadmap highlight management focus on building “meaningful” products (banking, crypto, prediction markets) — supportive narrative but longer‑dated for near‑term share moves. Vlad Tenev profile
• Neutral Sentiment: Reports that Morgan Stanley/E*TRADE may lead SpaceX retail allocation raise questions about Robinhood’s role in high‑profile IPO access — a potential missed revenue/PR opportunity but not yet decisive. A Look At Robinhood Markets (HOOD) Valuation After SpaceX IPO Allocation Concerns
• Negative Sentiment: Wave of analyst downgrades and lower trading volumes are pressuring sentiment — continuing crypto drawdowns (Bitcoin weakness) are directly reducing crypto‑linked trading revenue and weighing on HOOD’s near‑term topline. Robinhood Stock Faces Wave Of Analyst Downgrades
• Negative Sentiment: Crypto sell‑off headlines (Bitcoin down, broader crypto momentum fading) have triggered pullbacks in crypto‑exposed brokers, including Robinhood, which amplifies short‑term downside risk until crypto stabilizes. Bitcoin tumbles, crypto momentum fades
• Neutral Sentiment: Robinhood filed suit against Washington state after a crackdown related to Kalshi/prediction markets — litigation is a double‑edged catalyst: it seeks to protect product expansion but introduces legal uncertainty and potential costs. Robinhood sues Washington after state crackdown on Kalshi prediction markets
• Positive Sentiment: Related federal action: the U.S. government sued several states to block state regulation of prediction markets, which could strengthen the legal/operating environment for Kalshi‑style products if federal preemption holds. That outcome would be supportive for Robinhood’s product expansion. US sues Arizona, Connecticut, Illinois to stop regulation of prediction markets

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.