Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Adam Eckert

Why Robinhood Markets Stock Is Sliding Today

HOOD Robinhood Robinhood Markets Atlantic Equities Nasdaq

Robinhood Markets Inc (NASDAQ:HOOD) shares are trading lower Wednesday following bearish analyst coverage from Atlantic Equities.

Atlantic Equities analyst John Heagerty downgraded Robinhood from a Neutral rating to Underweight and announced a $5 price target, citing revenue concerns.

According to CNBC, Heagerty points out that Robinhood's monthly active users and average revenue per user have been trending lower. The Atlantic Equities analyst believes the trends are set to continue amid worsening economic conditions.

Robinhood aims to democratize finance for all through its modern financial services platform.

See Also: Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

HOOD Price Action: Robinhood has traded between $85 and $7.02 over a 52-week period.

The stock was down 2.63% at $7.04 at time of publication, according to data from Benzinga Pro.

Photo: Tech Daily from Flickr.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Severe weather threatens US flights during one of busiest travel weekends

Severe weather threatens US flights during one of busiest travel weekends

Nearly 900 flights have been cancelled already as tornado watches are issued in Texas and Louisiana

The Guardian - US

Judge denies Jay-Z’s efforts to dismiss case accusing him of raping girl, 13

Judge denies Jay-Z’s efforts to dismiss case accusing him of raping girl, 13

Jane Doe alleges Shaun Carter and Sean ‘Diddy’ Combs sexually assaulted her at a 2000 MTV awards afterparty

The Guardian - US

In Pictures: Wales marks 25 years of Senedd and elects two first ministers

In Pictures: Wales marks 25 years of Senedd and elects two first ministers

Visits by several members of the royal family and some television stars brought the crowds out across the country.

The Independent UK

‘Guayaquil Four’ boys missing in Ecuador pose challenge to president

‘Guayaquil Four’ boys missing in Ecuador pose challenge to president

Protests have erupted nationwide after disappearance of boys not seen since they were approached by soldiers

The Guardian - UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Man Accused Of Setting Woman On Fire In NYC Subway

Man Accused Of Setting Woman On Fire In NYC Subway

Man charged with murder and arson for setting a woman on fire in a tragic NYC subway incident.

Sydney to Hobart yacht race: Two sailors die after poor weather conditions plague annual competition

Sydney to Hobart yacht race: Two sailors die after poor weather conditions plague annual competition

Nick Smith, 65, and 55-year-old Roy Quaden, who were competing on separate boats, have lost their lives amid poor weather conditions on the race’s course

Evening Standard

Related Stories

Top stories on inkl right now

Severe weather threatens US flights during one of busiest travel weekends

Severe weather threatens US flights during one of busiest travel weekends

Nearly 900 flights have been cancelled already as tornado watches are issued in Texas and Louisiana

The Guardian - US

Judge denies Jay-Z’s efforts to dismiss case accusing him of raping girl, 13

Judge denies Jay-Z’s efforts to dismiss case accusing him of raping girl, 13

Jane Doe alleges Shaun Carter and Sean ‘Diddy’ Combs sexually assaulted her at a 2000 MTV awards afterparty

The Guardian - US

In Pictures: Wales marks 25 years of Senedd and elects two first ministers

In Pictures: Wales marks 25 years of Senedd and elects two first ministers

Visits by several members of the royal family and some television stars brought the crowds out across the country.

The Independent UK

‘Guayaquil Four’ boys missing in Ecuador pose challenge to president

‘Guayaquil Four’ boys missing in Ecuador pose challenge to president

Protests have erupted nationwide after disappearance of boys not seen since they were approached by soldiers

The Guardian - UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Man Accused Of Setting Woman On Fire In NYC Subway

Man Accused Of Setting Woman On Fire In NYC Subway

Man charged with murder and arson for setting a woman on fire in a tragic NYC subway incident.

Sydney to Hobart yacht race: Two sailors die after poor weather conditions plague annual competition

Sydney to Hobart yacht race: Two sailors die after poor weather conditions plague annual competition

Nick Smith, 65, and 55-year-old Roy Quaden, who were competing on separate boats, have lost their lives amid poor weather conditions on the race’s course

Evening Standard

Our Picks

Zendaya Wears $8,890 Worth of Reimagined Archival Pieces in New Louis Vuitton x Murakami Campaign

The queen of archival strikes again.

Strange, funny and absurd: The NASCAR race names you have to see to believe

What's in a name? Nowadays, for races, usually a title sponsor that graces the already long name indicating the race's location, and in NASCAR, typically the mileage of the race as well. Sometimes the sponsor names alone lend to amusing race titles — sometimes, the fans get involved and hijinks ensue.…

My daughter will be an only child – and I’m not going to feel guilty about it

My wife and I are ‘one and done’ on kids. We’re also ‘one and done’ with unsolicited advice about our decision

The Guardian - US

The year MAGA broke heterosexuality

Republicans idealize "traditional" marriage, but their actions make the straight life a bad prospect

There’s been 34 Netflix No. 1 movies in 2024 — here’s the 7 you need to watch

More than 30 movies ranked No. 1 on Netflix's global charts this year — but these are the 7 worth watching.

McDonald's introduces 10 new items on average in each European market

Given its place in U.S. culture, McDonald’s European success might surprise some. But it's a product of the giant's deliberately curated local menus.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play