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

Financial sector stocks are down due to increasing Treasury yields and general market downturn.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 8:19 pm

Swaggy Stocks has identified the top 10 trending stocks on WallStreetBets as of December 22, 2023. The list includes MARA, NKE, NFLX, AAPL, TSLA, HOOD, LULU, MCD, $BTC, and RKLB.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:11 pm

Robinhood Markets, Inc. (NASDAQ:HOOD) has expanded its media presence by adding Chartr Limited, a U.K.-based data-driven media company and newsletter publisher, to its Sherwood Media unit. Chartr is known for its visual storytelling and will continue its newsletter while reaching millions of new readers through Sherwood Media. The acquisition aligns with Sherwood's strategy to enhance its editorial offerings, including Snacks, with news, reporting, and live events. Robinhood also reported an increase in wealthier clients and a growth in net cumulative funded accounts to 23.3 million as of November end. HOOD shares saw a slight increase of 0.02% to $12.62.

Portfolio Pulse from Nabaparna Bhattacharya

December 21, 2023 | 5:21 pm

Sherwood Media, LLC, a subsidiary of Robinhood Markets, Inc. (HOOD), has acquired Chartr Limited, a UK-based data-driven media company and newsletter publisher. Chartr is known for its visual storytelling that simplifies complex data into understandable narratives. This acquisition aims to enhance Sherwood Media's content offerings, including Snacks, by providing readers with new ways to understand news and market trends. No financial terms of the acquisition were disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 2:09 pm

After the Department of Justice seized Sam Bankman-Fried's stake in Robinhood Markets Inc (HOOD) in January 2023, the company repurchased the shares in September 2023. An investment of $1,000 in HOOD at the time of the seizure would have yielded a 56.7% return, outperforming the S&P 500's 23.0% return in the same period.

Portfolio Pulse from Chris Katje

December 20, 2023 | 11:05 pm

Benzinga's options activity scanner has identified unusual options activity in the Financials sector, highlighting trades in 10 different stocks. The activity includes a mix of bullish, bearish, and neutral sentiments, with varying expiration dates and strike prices. Notable trades were observed in COIN, C, AFRM, WFC, RKT, HOOD, NYCB, BX, SQ, and GGAL, with significant total trade prices and volumes compared to open interest.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:35 pm

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of December 20, 2023. The stocks include AAPL, AMZN, CORN, CRSP, FDX, HOOD, LULU, META, QQQ, and TSLA.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:17 pm

Ark Invest, led by Cathie Wood, sold shares of Coinbase Global Inc (COIN) and Robinhood Markets Inc (HOOD) amid crypto market volatility. The sales were conducted through ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The firm also bought shares of Zoom Video Communications (ZM) and reduced holdings in UiPath Inc (PATH). These trades reflect Ark's strategy to adapt to market trends, especially in the tech and crypto sectors.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 4:33 am

Robinhood Markets, Inc. (HOOD) reported a growth in net cumulative funded accounts to 23.3 million and net deposits of $16.4 billion over the last year. The company has attracted wealthier clients from larger brokerages due to a 1% match promotion on transferred accounts, resulting in $1.1 billion in account transfers since October 23. Despite this, Robinhood's $94 billion in assets under custody is still far behind competitors like Charles Schwab Corporation (SCHW) and Morgan Stanley's (MS) E*Trade. Robinhood is expanding its services to include features like retirement accounts and 24-hour trading, aiming to move beyond its image as an app for young, novice investors. Meanwhile, SCHW reported no significant client loss to Robinhood, and HOOD shares closed lower by 3.56% on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

December 16, 2023 | 9:44 pm

The Wall Street Journal reports that Robinhood is targeting wealthier clients, aiming to attract them from larger brokerages. This move is part of Robinhood's strategy to expand its customer base and increase revenue. The company is known for its commission-free trading platform, which has been popular among retail investors. By focusing on more affluent clients, Robinhood is looking to diversify its offerings and possibly introduce new services tailored to this demographic.

Portfolio Pulse from Charles Gross

December 16, 2023 | 5:28 pm

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