Summary: Ark Invest bought about $39.7 million of Robinhood after a Q1 miss driven by weak crypto trading; KBW cuts its target to $65 from $75 as stabilization signals appear, while Robinhood edges up ~3% but remains ~37% down YTD.Abstract: Ark Invest purchased roughly $39.7 million worth of Robinhood shares following the company’s first-quarter miss, blamed on softer crypto trading. Cantor Fitzgerald, Compass Point, and Bernstein see early-April activity as a sign of stabilization, while KBW lowers its price target to $65 from $75 and cautions that lower transaction fees may persist. Robinhood rose about 3% on the session but is down around 37% for the year.

AssembleAi

2026-05-03 22:45:08

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Ark Invest bought about $39.7 million of Robinhood shares after the platform missed first-quarter earnings and revenue estimates, with weaker crypto trading driving the shortfall. Cantor Fitzgerald, Compass Point, and Bernstein said early April activity suggests stabilization, while KBW cut its price target to $65 from $75 and warned falling transaction fees may persist. Robinhood was up about 3% on Thursday but remained down about 37% this year.

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Ark Buys $39.7M of Robinhood After Earnings Miss as Analysts Back Recovery

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