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 650 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; and lists, which allow users to create custom watchlists to monitor securities, ETFs, and cryptocurrencies, as well as cash management services. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.
IPO Year: 2021
Exchange: NASDAQ
Website: robinhood.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/6/2024 | $18.00 → $20.00 | Underweight → Equal Weight | Barclays |
| 8/15/2024 | $21.00 → $24.00 | Hold → Buy | Deutsche Bank |
| 8/12/2024 | $20.00 → $23.00 | Neutral → Overweight | Piper Sandler |
| 8/5/2024 | $18.00 | Sell → Neutral | Citigroup |
| 6/26/2024 | $29.00 | Peer Perform → Outperform | Wolfe Research |
| 5/17/2024 | $14.00 → $24.00 | Underperform → Buy | BofA Securities |
| 4/11/2024 | $13.00 → $16.00 | Neutral → Sell | Citigroup |
| 4/3/2024 | $20.00 | Mkt Perform | Keefe Bruyette |
| 3/28/2024 | $15.00 → $22.00 | Overweight | KeyBanc Capital Markets |
| 3/14/2024 | $30.00 | Outperform | Bernstein |
Barclays upgraded Robinhood Markets from Underweight to Equal Weight and set a new price target of $20.00 from $18.00 previously
Deutsche Bank upgraded Robinhood Markets from Hold to Buy and set a new price target of $24.00 from $21.00 previously
Piper Sandler upgraded Robinhood Markets from Neutral to Overweight and set a new price target of $23.00 from $20.00 previously
Citigroup upgraded Robinhood Markets from Sell to Neutral and set a new price target of $18.00
Wolfe Research upgraded Robinhood Markets from Peer Perform to Outperform and set a new price target of $29.00
BofA Securities upgraded Robinhood Markets from Underperform to Buy and set a new price target of $24.00 from $14.00 previously
Citigroup downgraded Robinhood Markets from Neutral to Sell and set a new price target of $16.00 from $13.00 previously
Keefe Bruyette initiated coverage of Robinhood Markets with a rating of Mkt Perform and set a new price target of $20.00
KeyBanc Capital Markets reiterated coverage of Robinhood Markets with a rating of Overweight and set a new price target of $22.00 from $15.00 previously
Bernstein initiated coverage of Robinhood Markets with a rating of Outperform and set a new price target of $30.00
MENLO PARK, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today reported select monthly operating data for August 2024: Funded Customers at the end of August were 24.3 million (up approximately 60 thousand from July 2024, up over one million year-over-year).Assets Under Custody (AUC) at the end of August were $143.6 billion (down 1% from July 2024, up 60% year-over-year). Net Deposits were $3.3 billion in August, translating to a 27% annualized growth rate relative to July 2024 AUC. Over the last twelve months, Net Deposits were $37.5 billion, translating to an annual growth rate of 42% relative to August 2023 AUC.Equity Notional Trading Vo
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 + Technology Conference on Tuesday, September 10, 2024. Robinhood Chief Executive Officer and Co-Founder Vlad Tenev is scheduled to present on Tuesday, September 10, 2024, at 3:05 PM PT / 6:05 PM ET. Interested parties may access a live audio webcast of the presentation by visiting investors.robinhood.com. Following the presentation, a recording will be available for replay for at least 90 days on the same website. About Robinhood Robinhood Markets, Inc. is on a mission to democratize finance f
MENLO PARK, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today reported select monthly operating data for July 2024: Funded Customers at the end of July were 24.2 million (up approximately 70 thousand from June 2024, up over one million year-over-year).Assets Under Custody (AUC) at the end of July were $144.5 billion (up 3% from June 2024, up 53% year-over-year). Net Deposits were $4.2 billion in July, translating to a 36% annualized growth rate relative to June 2024 AUC. Over the last twelve months, Net Deposits were $35.8 billion, translating to an annual growth rate of 38% relative to July 2023 AUC.Equity Notional Trading Volumes were $1
Record Revenues of $682 million, up 40% year-over-year Record GAAP Diluted EPS of $0.21, up $0.18 year-over-year Record Net Deposits of $13.2 billion, an annualized growth rate of 41% MENLO PARK, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced financial results for the second quarter of 2024, which ended June 30, 2024. "This quarter, we kept up the pace with rapid product launches and a relentless drive to provide top value for our customers," said Vlad Tenev, CEO and Co-Founder of Robinhood. "With Robinhood Gold reaching 2 million subscribers, we're witnessing the flywheel accelerate." "I'm encouraged by the progress we're
MENLO PARK, Calif., July 02, 2024 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) announced that it will release its second quarter 2024 financial results on Wednesday, August 7, 2024, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website. Robinhood shareholders can submit and upvote questions for management using the Q&A platform developed by Say Technologies ahead of Robinhood's second quarter 2024 earnings call. Shareholder
MENLO PARK, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today reported select monthly operating data for May 2024: Funded Customers at the end of May were 24.1 million (up approximately 120 thousand from April 2024, up 960 thousand year-over-year).Assets Under Custody (AUC) at the end of May were $135.0 billion (up 9% from April 2024, up 65% year-over-year). Net Deposits were $3.6 billion in May, translating to a 35% annualized growth rate relative to April 2024 AUC. Over the last twelve months, Net Deposits were $29.4 billion, translating to an annual growth rate of 36% relative to May 2023 AUC.Equity Notional Trading Volumes were $86.8 b
This acquisition will bring Bitstamp's globally-scaled crypto exchange to Robinhood, with retail and institutional customers across the EU, UK, US and Asia. This strategic combination better positions Robinhood to expand outside of the US and will bring a trusted and reputable institutional business to Robinhood. Expected to close in the first half of 2025, subject to customary closing conditions, including regulatory approvals. MENLO PARK, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") has entered into an agreement to acquire Bitstamp Ltd. ("Bitstamp"), a global cryptocurrency exchange. Bitstamp was founded in 2011 and has offices in Luxembo
MENLO PARK, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced that it will be participating in the upcoming Piper Sandler Global Exchange and Trading Conference on Wednesday, June 5, 2024. Robinhood Chief Brokerage Officer Steve Quirk is scheduled to present on Wednesday, June 5, 2024, at 11:30 AM PT / 2:30 PM ET. Interested parties may access a live audio webcast of the presentation by visiting investors.robinhood.com. Following the presentation, a recording will be available for replay for at least 90 days on the same website. About Robinhood Robinhood Markets, Inc. is on a mission to democratize finance for all. In the U.S.,
MENLO PARK, Calif., May 23, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced that it will be participating in the upcoming Deutsche Bank Global Financial Services Conference on Thursday, May 30, 2024. Robinhood Chief Financial Officer Jason Warnick is scheduled to present on Thursday, May 30, 2024, at 10:00 AM PT / 1:00 PM ET. Interested parties may access a live audio webcast of the presentation by visiting investors.robinhood.com. Following the presentation, a recording will be available for replay for at least 90 days on the same website. About Robinhood Robinhood Markets, Inc. is on a mission to democratize finance for all. In the U.S., pe
MENLO PARK, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today reported select monthly operating data for April 2024: Funded Customers at the end of April were 24.0 million, up approximately 90 thousand from March 2024.Assets Under Custody (AUC) at the end of April were $123.3 billion, down 5% from March 2024. Net Deposits were $4.9 billion in April, translating to a 45% annualized growth rate relative to March 2024 AUC. Over the last twelve months, Net Deposits were $27.4 billion, translating to an annual growth rate of 35% relative to April 2023 AUC.Trading Volumes in April were higher for options and lower for equities and crypto relative
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Wednesday was the worst day for the overall market in 2024, with the SPDR S&P 500 Index (NYSE:SPY) trading down more than 2% and the Invesco QQQ Trust Series 1 (NYSE:QQQ) trading down more than 3.5% late in the session.Many mega-cap tech names that have driven much of the last year's rally sold off significantly on the day, with NVIDIA Corp (NASDAQ:NVDA), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Tesla Inc (NASDAQ:TSLA) each trading down more than 5%.But, even when the market gets hammered, there are ways to make money. Short-dated options contracts are a risky way to play the market, but when they go right, they can be a vehicle to make large gains very quickly. On Tuesday, put contr
In the run-up to the upcoming 2024 elections, analysts from research and brokerage firm Bernstein have suggested that Bitcoin (CRYPTO: BTC) traders may not have fully considered the possible victory of former President Donald Trump, an event that could significantly shake up the cryptocurrency market. What Happened: The Bernstein team, led by Gautam Chhugani, posits that the market has not accounted for a potential positive shift in cryptocurrency regulations if Trump is reelected in November, a Decrypt report stated Monday. They anticipate significant growth stemming from institutional investors allocating to cryptocurrency and associated stocks. Bernstein analysts are keeping a close
In the latest quarter, 17 analysts provided ratings for Robinhood Markets (NASDAQ:HOOD), showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 7 5 2 1 Last 30D 0 1 0 0 0 1M Ago 0 1 3 1 0 2M Ago 0 2 0 0 1 3M Ago 2 3 2 1 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $23.29, a high estimate of $30.00, and a low estimate of $18.00. This current average reflects an increase of 10.27% from th
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. Evercore ISI Group boosted the price target for Netflix, Inc. (NASDAQ:NFLX) from $700 to $710. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Netflix shares declined 0.7% to close at $643.04 on Thursday. See how other analysts view this stock. Keybanc increased the price target for Robinhood Markets, Inc. (NASDAQ:HOOD) from $23 to $25. Keybanc analyst Alex Markgraff maintained an Overweight rating. Robinhood shares fell 5.6% to close at $22.83 on Thursday. See how other an
Keybanc analyst Alex Markgraff maintains Robinhood Markets (NASDAQ:HOOD) with a Overweight and raises the price target from $23 to $25.
Financial giants have made a conspicuous bullish move on Robinhood Markets. Our analysis of options history for Robinhood Markets (NASDAQ:HOOD) revealed 12 unusual trades. Delving into the details, we found 50% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $70,550, and 10 were calls, valued at $465,794. Expected Price Movements Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $13.0 to $35.0 for Robinhood Markets during the past quarter. Analyzing Volume & Open Interest Looking at the volume and open interest is a powerful move while trad
Robinhood Markets, Inc. (NASDAQ:HOOD) shares are on the rise Monday amid possible optimism ahead of Fed President Powell’s discussion and possibly as a result of investors assessing the impact of the attempted assassination of former President Trump. What To Know: Powell’s comments are anticipated to shed light on the potential timing of interest rate cuts, a key factor for financial institutions like Robinhood. He has recently indicated a balanced approach to managing rising inflation and a slowing economy. While a rate cut at the end of July is considered unlikely, there is optimism among traders for a possible cut in September. This expectation of future lower interest rates is dri
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SAN FRANCISCO, Oct. 4, 2023 /PRNewswire/ -- Woodruff Sawyer, one of the largest independent insurance brokerages in the US, today announced Walker Newell has joined the firm as Vice President, Regulation and Securities Litigation Attorney for the Management Liability practice. With more than a decade of experience leading high-stakes litigation and investigations as a lawyer in defense, regulatory enforcement, and in-house roles, Walker brings Woodruff Sawyer clients a nuanced and business-focused perspective on corporate and individual liability. Walker previously served as S
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Record Revenues of $682 million, up 40% year-over-year Record GAAP Diluted EPS of $0.21, up $0.18 year-over-year Record Net Deposits of $13.2 billion, an annualized growth rate of 41% MENLO PARK, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced financial results for the second quarter of 2024, which ended June 30, 2024. "This quarter, we kept up the pace with rapid product launches and a relentless drive to provide top value for our customers," said Vlad Tenev, CEO and Co-Founder of Robinhood. "With Robinhood Gold reaching 2 million subscribers, we're witnessing the flywheel accelerate." "I'm encouraged by the progress we're
MENLO PARK, Calif., July 02, 2024 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) announced that it will release its second quarter 2024 financial results on Wednesday, August 7, 2024, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website. Robinhood shareholders can submit and upvote questions for management using the Q&A platform developed by Say Technologies ahead of Robinhood's second quarter 2024 earnings call. Shareholder
Record Revenues of $618 million, up 40% year-over-year and Record GAAP Diluted EPS of $0.18 Record Net Deposits of $11.2B, including net positive transfers from every major incumbent brokerage firm Gold Subscribers reached a new high of 1.7 million, up 42% year-over-year MENLO PARK, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced financial results for the first quarter of 2024, which ended March 31, 2024. "We continued to aggressively execute on our product roadmap in Q1, leading to all-time highs for Net Deposits and Gold Subscribers," said Vlad Tenev, CEO and Co-Founder of Robinhood. "Q2 is off to a strong start with April
MENLO PARK, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) announced that it will release its first quarter 2024 financial results on Wednesday, May 8, 2024, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website. Robinhood shareholders can submit and upvote questions for management using the Q&A platform developed by Say Technologies ahead of Robinhood's first quarter 2024 earnings call. Shareholders ca
2023 Record Revenues of $1.9 billion, up 37% year-over-year, including $471 million in Q4 Net positive transfers from every major brokerage competitor fuels strong Net Deposits of $4.6 billion in Q4 Q4 GAAP net income of $30 million, or $0.03 per share, and Adjusted EBITDA of $133 million MENLO PARK, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced financial results for the fourth quarter and full year 2023, which ended December 31, 2023. "2023 was a strong year as our product velocity continued to accelerate, our trading market share increased, and we started to expand globally," said Vlad Tenev, CEO and Co-Founder o
MENLO PARK, Calif., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) announced that it will release its fourth quarter and full year 2023 financial results on Tuesday, February 13, 2024, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website. Robinhood shareholders can submit and upvote questions for management using the Q&A platform developed by Say Technologies ahead of Robinhood's fourth quarter and full year 20
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
MENLO PARK, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced financial results for the third quarter of 2023, which ended September 30, 2023. Third Quarter Results: Total net revenues increased 29% year-over-year to $467 million, primarily due to higher net interest and other revenues, partially offset by lower transaction-based revenues.Net interest revenues increased 96% year-over-year to $251 million, driven by growth in interest earning assets and higher short term interest rates.Transaction-based revenues decreased 11% year-over-year to $185 million. Options was unchanged at $124 million.Equities decreased 13% to
MENLO PARK, Calif., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) announced that it will release its third quarter 2023 financial results on Tuesday, November 7, 2023, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website. Robinhood shareholders can submit and upvote questions for management using the Q&A platform developed by Say Technologies ahead of Robinhood's third quarter 2023 earnings call. Shareholders
MENLO PARK, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced financial results for the second quarter of 2023, which ended June 30, 2023. Second Quarter Results: Total net revenues increased 10% sequentially to $486 million, primarily due to seasonally higher proxy revenue and higher net interest revenues, partially offset by lower transaction-based revenues.Transaction-based revenues decreased 7% sequentially to $193 million. Options decreased 5% to $127 million.Cryptocurrencies decreased 18% to $31 million.Equities decreased 7% to $25 million. Net interest revenue increased 13% sequentially to $234 million, driven by growth i