Robinhood Markets' (HOOD) Market Outperform Rating Reiterated at Citizens Jmp

Key Points

• Citizens JMP reaffirmed its “market outperform” rating on Robinhood Markets with a $165 price target, implying approximately 74.5% upside. Analysts overall rate the stock a “Moderate Buy,” with an average target of $128.54.
• Robinhood reported quarterly earnings of $0.60 per share, exceeding the $0.56 consensus estimate, while revenue rose 11.5% year over year to $1.42 billion but came slightly below expectations.
• Insiders sold about $128.4 million of stock over the past three months, including a substantial sale by CEO Vladimir Tenev; meanwhile, institutional investors own approximately 93.27% of the company.

Robinhood Markets (NASDAQ:HOOD - Get Free Report)'s stock had its "market outperform" rating reaffirmed by investment analysts at Citizens Jmp in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $165.00 price target on the stock. Citizens Jmp's price objective points to a potential upside of 74.49% from the stock's current price.

A number of other analysts also recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Robinhood Markets from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, October 9th. China Renaissance began coverage on shares of Robinhood Markets in a report on Tuesday, July 7th. They issued a "buy" rating and a $156.80 target price on the stock. Compass Point boosted their target price on shares of Robinhood Markets from $126.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, October 2nd. CICC Research upped their price target on shares of Robinhood Markets from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Barclays upped their price target on shares of Robinhood Markets from $105.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $128.54.

Robinhood Markets Stock Up 1.9%

Robinhood Markets stock opened at $94.56 on Wednesday. The company's 50-day moving average price is $108.78 and its 200-day moving average price is $93.44. Robinhood Markets has a twelve month low of $63.51 and a twelve month high of $150.47. The company has a market cap of $85.02 billion, a PE ratio of 41.66 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The business's quarterly revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts expect that Robinhood Markets will post 2.19 earnings per share for the current fiscal year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the business's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares of the company's stock, valued at $42,645,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the completion of the sale, the insider directly owned 499,943 shares of the company's stock, valued at approximately $56,848,518.53. This trade represents a 1.96% decrease in their ownership of the stock. 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 sold a total of 1,091,347 shares of company stock worth $128,447,880 in the last three months. 13.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new stake in Robinhood Markets during the second quarter valued at approximately $379,695,000. Amundi increased its stake in Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company's stock valued at $442,497,000 after purchasing an additional 3,007,103 shares in the last quarter. Renaissance Technologies LLC increased its stake in Robinhood Markets by 48.6% during the 1st quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company's stock valued at $353,717,000 after purchasing an additional 1,668,400 shares in the last quarter. Hound Partners LLC acquired a new position in Robinhood Markets during the 1st quarter valued at approximately $73,150,000. Finally, Amova Asset Management Americas Inc. increased its stake in Robinhood Markets by 15.0% during the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company's stock valued at $362,925,000 after purchasing an additional 685,041 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

More Robinhood Markets News

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

• Positive Sentiment: Robinhood reported record quarterly revenue of approximately $1.42 billion, up about 12% year over year. Adjusted earnings of $0.60 per share exceeded the $0.56 consensus estimate, while net deposits reached $16 billion and Robinhood Gold subscribers rose to a record 5.2 million. Robinhood Reports Third Quarter 2026 Results
• Positive Sentiment: Strong options, equity and prediction-market activity helped offset cryptocurrency weakness. Event-contract trading reached a record, and the company said 14 business lines now generate at least $100 million in annualized revenue, supporting its strategy to diversify beyond crypto. Robinhood Q3 Highlights
• Positive Sentiment: Analysts remain broadly constructive. Citizens JMP reaffirmed “market outperform” with a $165 target, while Rosenblatt and BTIG maintained “buy” ratings with $135 targets. KeyCorp and Scotiabank also kept positive ratings despite lowering their targets to $135 and $124, respectively.
• Positive Sentiment: A partnership with Ripple to expand RLUSD access could broaden Robinhood’s stablecoin, institutional-market and treasury-management capabilities. Ripple strikes deal with Robinhood
• Neutral Sentiment: Several firms reduced price targets, including Truist to $125 and Needham to $116. The cuts indicate more cautious near-term assumptions, although each firm retained a buy-equivalent rating.
• Negative Sentiment: Crypto revenue declined 55% year over year to roughly $120 million as cryptocurrency markets cooled. Reported diluted EPS of $0.51 fell short of some Wall Street estimates, and revenue was slightly below consensus. Robinhood shares fall as crypto markets chill drives profit miss
• Negative Sentiment: Robinhood did not provide a 2026 outlook for total operating expenses, increasing uncertainty about margins. The Ohio Casino Control Commission also issued a cease-and-desist letter demanding that the company stop offering sports-related event contracts in the state.
• Negative Sentiment: Reports of substantial insider selling added pressure and may reinforce concerns about valuation and shareholder confidence.

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.