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

Whales have shown a bullish stance on Robinhood Markets (NASDAQ:HOOD), with Benzinga's options scanner revealing 26 unusual options trades. The sentiment is split, with 57% bullish and 42% bearish. Major trades focus on a price range of $14.0 to $32.0 for HOOD. The company, known for its financial services platform, has seen its stock price increase by 0.49% to $18.39. Analysts have mixed ratings, with an average target price of $22.0. The next earnings report is expected in 44 days.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 7:02 pm

Robinhood shares are trading higher, potentially rebounding from a drop experienced on Friday following the announcement that co-founder Baiju Bhatt will step down as Chief Creative Officer.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 6:39 pm

Cathie Wood's Ark Investment Management showed confidence in Tesla (TSLA) by purchasing shares after a price dip, despite rumors of production cuts at its Giga Shanghai factory. Ark's ETFs, including ARKK, ARKW, and ARKQ, bought a total of 116,408 Tesla shares. Meanwhile, Ark sold significant holdings in Coinbase (COIN) and Robinhood (HOOD) amid a crypto market cooldown, despite the ARK 21Shares Bitcoin ETF (ARKB) gaining 37% since its launch.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 8:29 am

Robinhood shares are trading lower following the announcement that Co-Founder and Chief Creative Officer, Baiju Bhatt, will step down from his executive role.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 5:30 pm

Robinhood Markets, Inc. (NASDAQ:HOOD) announced that co-founder Baiju Bhatt is stepping down from his executive role but will remain on the Board of Directors. CEO Vlad Tenev praised Bhatt's contributions to the company's growth. Robinhood reported an increase in funded customers to 23.6 million and assets under custody to $118.7 billion. HOOD stock has seen a significant rise over the past year, and it can also be accessed through ETFs like FNX and FNY.

Portfolio Pulse from Nabaparna Bhattacharya

March 22, 2024 | 12:35 pm

Ark Invest, led by Cathie Wood, purchased shares of Meta Platforms Inc (META) and Reddit (RDDT) on their debut, while selling Coinbase (COIN) shares. The firm bought 90,253 META shares valued at $45.82 million and 9,982 RDDT shares worth $503,492. Meanwhile, 199,526 COIN shares were sold for $52.27 million. The trades reflect Ark's strategic positioning in response to market trends and legal challenges faced by META.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 5:16 am

A significant options transaction was observed for Robinhood Markets (HOOD) with a sweep of 347 calls at a strike price of $25, expiring on January 17th, priced near the ask at $2.8. This activity comes ahead of Robinhood's estimated earnings report on May 8th, after market close. The stock reference price at the time of the transaction was $18.515.

Portfolio Pulse from Charles Gross

March 20, 2024 | 7:57 pm

Shares of companies in the financial services sector are trading higher following the Federal Reserve's decision to leave interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:29 pm

Affirm Holdings Inc (NASDAQ:AFRM) and Robinhood Markets Inc (NASDAQ:HOOD) stocks are trading higher in anticipation of the Federal Open Market Committee (FOMC) meeting. Investors are keen on the Fed's 'dot plot' and economic projections, which could indicate future monetary policy. Both companies, benefiting from lower interest rates, could see increased revenue and growth if the Fed adopts a dovish stance, reducing borrowing costs and stimulating consumer spending and investment.

Portfolio Pulse from Henry Khederian

March 20, 2024 | 3:24 pm

US stock futures indicate a lower opening due to Fed meeting concerns and the Bank of Japan's policy shift. Tech stocks like Nvidia and Apple had previously boosted the market, but pre-Fed jitters and a lack of major catalysts are dampening sentiment. Nvidia, AMD, and Synopsys saw notable premarket movements, while Coinbase and Robinhood dropped with Bitcoin. Fusion Pharmaceuticals surged on an AstraZeneca buyout deal. Oil paused its rally, and global markets showed mixed responses.

Portfolio Pulse from Shanthi Rexaline

March 19, 2024 | 11:41 am

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