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

The SEC has approved rule changes allowing 11 Bitcoin ETFs to begin trading in the U.S., including Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Bitwise Bitcoin ETF, VanEck Bitcoin Trust, and Fidelity Wise Origin Bitcoin Fund. This news has positively impacted the crypto market, with Bitcoin, Ethereum, and Dogecoin experiencing significant price increases. Crypto-related stocks such as Marathon Digital Holdings, Riot Platforms Inc, MicroStrategy Inc, Coinbase Global Inc, and Robinhood Markets Inc also saw their stock prices rise following the announcement.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 1:47 pm

Goldman Sachs analyst Will Nance has maintained a Neutral rating on Robinhood Markets (NASDAQ:HOOD) and increased the price target from $10 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:37 pm

Insiders at Axonics, Upstart Holdings, Palo Alto Networks, and Robinhood Markets have recently sold shares of their companies. Axonics is being acquired by Boston Scientific, while Upstart reported disappointing Q3 results. Citigroup raised the price target for Palo Alto Networks, and Keybanc increased the price target for Robinhood. Insider sales can be part of preplanned strategies or may reflect personal views on the company's valuation.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 12:46 pm

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of January 9, 2024. The stocks include NVDA, BA, AAPL, BTCUSD, QQQ, CORN, TSLA, HOOD, AMD, and MARA.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:15 pm

Insiders at Robinhood, Couchbase, ATI, and TG Therapeutics have recently sold shares of their companies. Couchbase reported strong Q3 results and a positive FY24 outlook. Robinhood's CEO sold shares, but Keybanc maintains an Overweight rating with a raised target. ATI posted better-than-expected earnings in November. TG Therapeutics reported increased Briumvi sales in Q3. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 1:07 pm

Robinhood Markets' stock (HOOD) is trading higher after Keybanc maintained an Overweight rating and increased its price target from $12 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:36 pm

Wall Street analysts have updated their price targets and ratings for several US-listed companies. Needham raised Coinbase's target from $160 to $180 with a Buy rating. JP Morgan upgraded Aon from Neutral to Overweight, cutting the target from $351 to $321. Jefferies upgraded Upwork from Hold to Buy, raising the target from $13 to $20. HC Wainwright maintained a Buy on AngioDynamics but lowered the target from $20 to $18. Wells Fargo upgraded Franklin Resources to Equal-Weight, increasing the target from $24 to $30. JP Morgan upgraded Dell to Overweight, raising the target from $77 to $90. Barclays upgraded Intercontinental Exchange to Overweight, boosting the target from $120 to $148. Keybanc maintained an Overweight on Robinhood, increasing the target from $12 to $14. Keybanc also maintained an Overweight on Visa, raising the target from $275 to $300. Lastly, Raymond James maintained an Outperform on Mobileye Global but cut the target from $48 to $40.

Portfolio Pulse from Avi Kapoor

January 08, 2024 | 12:42 pm

Robinhood Markets (NASDAQ:HOOD) was analyzed by 6 analysts, showing diverse opinions. The average 12-month price target is $14.08, up from $12.70. Analysts from Keybanc, JMP Securities, Morgan Stanley, Mizuho, and Piper Sandler have updated their ratings and price targets. Robinhood's market cap is below industry average, but it saw a 29.36% revenue growth in the last quarter. However, it has a net margin of -18.2% and low ROE and ROA, indicating profitability and asset utilization challenges. Its debt-to-equity ratio is conservative at 0.49.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 12:00 pm

Keybanc analyst Josh Beck has maintained an Overweight rating on Robinhood Markets (NASDAQ:HOOD) and increased the price target from $12 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:35 am

Ark Invest, led by Cathie Wood, purchased $16.9 million worth of Roku Inc (ROKU) shares, despite recent analyst skepticism about the company's revenue growth and market competition. The shares were bought across multiple Ark ETFs, including ARKF, ARKK, and ARKW. Additionally, Ark sold shares of Coinbase (COIN), Robinhood (HOOD), Exact Sciences (EXAS), and Stratasys (SSYS), while buying shares of Recursion Pharmaceuticals (RXRX) and Rocket Lab USA (RKLB).

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 2:54 am

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