Robinhood Markets, Inc. (HOOD)

NASDAQ: HOOD · Real-Time Price · USD
22.95
+0.31 (1.37%)
At close: Sep 18, 2024, 4:00 PM
23.05
+0.10 (0.44%)
After-hours: Sep 18, 2024, 6:57 PM EDT
1.37%
Market Cap 20.30B
Revenue (ttm) 2.24B
Net Income (ttm) 290.00M
Shares Out 884.68M
EPS (ttm) 0.32
PE Ratio 71.67
Forward PE 34.84
Dividend n/a
Ex-Dividend Date n/a
Volume 13,758,303
Open 22.72
Previous Close 22.64
Day's Range 22.34 - 23.50
52-Week Range 7.91 - 24.88
Beta 1.83
Analysts Buy
Price Target 22.94 (-0.04%)
Earnings Date Nov 5, 2024

About HOOD

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services. It also provides various learning and education solutions comprise ... [Read more]

Industry Capital Markets
Sector Financials
IPO Date Jul 29, 2021
Employees 2,200
Stock Exchange NASDAQ
Ticker Symbol HOOD
Full Company Profile

Financial Performance

In 2023, Robinhood's revenue was $1.87 billion, an increase of 37.33% compared to the previous year's $1.36 billion. Losses were -$541.00 million, -47.37% less than in 2022.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for HOOD stock is "Buy." The 12-month stock price forecast is $22.94, which is a decrease of -0.04% from the latest price.

Price Target
$22.94
(-0.04% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Robinhood: Why I'm Buying More

Robinhood's revenue growth rates are expected to remain strong, with a 30% CAGR in 2024, making it undervalued at 13x forward EBITDA. Despite subdued free cash flow due to working capital usage, Robin...

6 days ago - Seeking Alpha

Robinhood CEO: These 2 trends will alter financial services

Yahoo Finance Executive Editor Brian Sozzi sat down with Robinhood (HOOD) CEO Vlad Tenev at the Goldman Sachs Communicopia and Tech Conference to discuss how artificial intelligence (AI) and crypto co...

6 days ago - Yahoo Finance

Robinhood CEO: We've put in work to diversify the business to benefit in lower rate environment

Vlad Tenev, Robinhood CEO, joins CNBC's Kate Rooney to discuss how Robinhood clients are reacting to market volatility, how important Nvidia is to retail investors, and how much of a priority crypto i...

8 days ago - CNBC Television

Robinhood Markets, Inc. Reports August 2024 Operating Data

MENLO PARK, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for August 2024:

9 days ago - GlobeNewsWire

Robinhood Shifted From Meme Stock To Market Contender Amid New Products And Global Expansion: Analyst Upgrades Stock

Barclays analyst Benjamin Budish upgraded Robinhood Markets HOOD from Underweight to Equal-Weight, raising the price target from $18 to $20.

12 days ago - Benzinga

Microsoft, Bank of America And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed slightly higher during Thursday's session. Investors, meanwhile, focused on some notable insider trades.

Other symbols: MSFTBACFN
12 days ago - Benzinga

Robinhood reaches $3.9 mln settlement with California over crypto withdrawals

A cryptocurrency platform run by Robinhood Markets will pay $3.9 million for failing to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bon...

14 days ago - Reuters

Robinhood lets Brits lend shares for extra income in bid to grow international footprint

Stock trading app Robinhood on Wednesday launched a new feature in the U.K. allowing retail traders to lend out any stocks they own outright in their portfolio to interested borrowers. Shares lent out...

14 days ago - CNBC

Robinhood Markets, Inc. to Present at the Goldman Sachs Communacopia + Technology Conference on September 10, 2024

MENLO PARK, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced that it will be participating in the upcoming Goldman Sachs Communacopia + T...

15 days ago - GlobeNewsWire

8 Stocks to Buy for a Trump Landslide—and What to Buy If He Loses

Wolfe Reserach created a basket of companies that would benefit from a Republican sweep, and one of shares that would fall in that scenario.

Other symbols: CCOINDJTGDGSHALMMM
4 weeks ago - Barrons

Robinhood: Winners Keep Winning

Our thesis in January has largely played out as expected, as recent product launches have catalyzed higher stock prices and better financial results. We think the company is stronger than ever, and we...

4 weeks ago - Seeking Alpha

Robinhood: Recent Drop Is A Gift

Robinhood current price/share represents an opportunity to add shares at discount, with an upside target of $30/share. In July-August, Robinhood experienced a 43% market-related price drop and has qui...

4 weeks ago - Seeking Alpha

Robinhood: Even When The Market Is Down, This Brokerage Champion Can Win

Robinhood's Q2 results and recent July metrics release showcase tremendous new deposit growth despite recent market volatility. Crypto revenue is more than doubling y/y, helping Robinhood to grow Q2 r...

4 weeks ago - Seeking Alpha

Robinhood Stock Rises After Reporting User Growth—and Getting an Analyst Upgrade

Shares of Robinhood Markets (HOOD) climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the stock, citing "attractive growth potential.

4 weeks ago - Investopedia

Robinhood To Rally Around 29%? Here Are 10 Top Analyst Forecasts For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

4 weeks ago - Benzinga

How Robinhood can win a bigger piece of the $65 trillion pie of investable assets

Robinhood Markets Inc. shares are down about 25% from their recent peak in July — and Piper Sandler analyst Patrick Moley sees a buying opportunity.

5 weeks ago - Market Watch

Piper Sandler raises Robinhood's rating to ‘Overweight' and price target to $23: Should you buy?

Piper Sandler has upgraded Robinhood Markets (NASDAQ: HOOD) to an “Overweight” rating from “Neutral,” and increased their price target from $20 to $23.  This adjustment suggests a potential upside of ...

5 weeks ago - Invezz

Eli Lilly To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Monday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Other symbols: LLYCARGCLSKHHIPCTPLUG
5 weeks ago - Benzinga

This Robinhood Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

5 weeks ago - Benzinga

Robinhood CEO Says Company Responded to SEC Wells Notice

Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of impending enforcement action related t...

5 weeks ago - PYMNTS

Robinhood CEO talks earnings, crypto, AI, plus advice for business owners

Robinhood (HOOD) completed two major acquisitions in June: crypto exchange Bitstamp and AI-powered investment platform Pluto. Robinhood CEO Vladimir Tenev joins Wealth!

5 weeks ago - Yahoo Finance

Jim Cramer predicts further gains for Robinhood stock: Here's why

Renowned investor Jim Cramer is optimistic about Robinhood's future, predicting further gains for the stock in the coming days. Despite a modest rise in Robinhood Markets Inc.'s stock price on Thursda...

5 weeks ago - Invezz

Robinhood Customers Are Buying the Dip, CEO Says

Robinhood Markets Inc.'s Chief Executive Officer Vladimir Tenev says customers have been buying the dip this week. He also talks about the future of 24/7 trading, their latest earnings report and work...

5 weeks ago - Bloomberg Markets and Finance

Why Robinhood is departing from its roots — with a big bet on advanced traders

Online brokerage Robinhood Markets Inc. HOOD reported its Q2 earnings Wednesday evening, reporting $682 million in quarterly revenue and $188 million in net income to beat analyst expectations. That w...

5 weeks ago - Market Watch

Is Robinhood Stock Still a Buy After Its Q2 Earnings Beat?

Robinhood stock is higher after the trading platform reported strong Q2 earnings results and analysts have been quick to chime in. Here's what they're saying.

5 weeks ago - Kiplinger