Streetbeat News

HOOD

Robinhood Markets, Inc.

Industry

Software - Infrastructure

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.

Open

31.89

Mkt cap

29B

Volume

14M

High

32.35

P/E Ratio

55.72

52-wk high

34.32

Low

31.26

Div yield

N/A

52-wk low

7.92

Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading lower despite being up over 30% in the past month. CEO Vlad Tenev assured the company is prepared for increased traffic from Roaring Kitty's livestream. Robinhood also announced a $200 million acquisition of crypto exchange Bitstamp. Analysts have mixed ratings on HOOD, with a 1-year price target averaging $21.95.

Portfolio Pulse from Erica Kollmann

June 07, 2024 | 7:33 pm

Over the past three months, 21 analysts have evaluated Robinhood Markets (NASDAQ:HOOD), with a range of opinions from bullish to bearish. The average 12-month price target has increased to $21.95 from $18.31. Recent analyst actions include several rating raises and price target adjustments, reflecting positive sentiment towards the company's financial performance and growth prospects.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 6:00 pm

JMP Securities analyst Devin Ryan has reiterated a Market Outperform rating for Robinhood Markets (NASDAQ:HOOD) and maintained a $30 price target.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 5:20 pm

Robinhood Markets Inc (NASDAQ:HOOD) has seen a significant stock price increase following its acquisition of cryptocurrency exchange Bitstamp Ltd. for $200 million. The deal, expected to close in the first half of 2025, expands Robinhood's market presence globally. Robinhood's stock has risen 151.86% over the past year and 80.30% year-to-date, with strong technical indicators suggesting continued bullish momentum. However, the company is also facing potential regulatory actions from the SEC.

Portfolio Pulse from Surbhi Jain

June 07, 2024 | 12:41 pm

Major U.S. indices showed mixed results on Thursday. GameStop shares soared due to the return of Keith Gill, AMC shares climbed influenced by GameStop's surge, Robinhood rose following its acquisition of Bitstamp, PayPal increased due to heavy trading volume and positive sentiment, and Tesla saw a slight rise despite competition from Chinese automakers in the UK.

Portfolio Pulse from Benzinga Neuro

June 07, 2024 | 1:51 am

Robinhood CEO Vlad Tenev discusses the company's preparedness for increased trading volume due to a surge in GameStop shares, driven by Keith Gill's livestream. Tenev also highlights Robinhood's acquisition of Bitstamp, which aims to accelerate international expansion, create a new exchange, and enter the institutional business.

Portfolio Pulse from Michael Cohen

June 06, 2024 | 10:20 pm

Robinhood CEO Vladimir Tenev discussed the company's acquisition of Bitstamp and the potential for weekend trading on Fox Business. This move could expand Robinhood's cryptocurrency offerings and trading hours, potentially increasing user engagement and revenue.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 7:44 pm

Robinhood CEO Vlad Tenev is set to discuss GameStop on Fox Business at 3:30 PM EST, ahead of a Roaring Kitty YouTube livestream on Friday.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 6:41 pm

Wall Street saw a quiet trading day as investors await the May jobs report. Nvidia fell 3% due to an antitrust investigation. The U.S. Justice Department and FTC are investigating Microsoft, OpenAI, and Nvidia for their roles in AI. Initial jobless claims rose, and first-quarter labor costs were revised lower, increasing expectations of a Fed rate cut. Commodities strengthened, with crude oil rising to $75 a barrel. Major indices traded within tight ranges, with notable stock movements including Illumina, Lululemon, Smartsheet, and GameStop.

Portfolio Pulse from Piero Cingari

June 06, 2024 | 6:08 pm

Robinhood Inc. (NASDAQ:HOOD) has acquired Bitstamp, a major crypto exchange, to accelerate its vision of reorganizing the financial system through cryptocurrencies. The acquisition has been praised by industry experts as a bold and significant move, despite Robinhood recently receiving a wells notice from the SEC. The deal is expected to have long-term implications for the fintech sector and the broader crypto market.

Portfolio Pulse from Murtuza Merchant

June 06, 2024 | 4:11 pm

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