RobinhoodHOOD
Market Cap: $16.8B
About: Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.
Employees: 2,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
108% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 48
57% more repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 119
14% more capital invested
Capital invested by funds: $11.8B [Q1] → $13.5B (+$1.68B) [Q2]
13% more funds holding
Funds holding: 397 [Q1] → 449 (+52) [Q2]
7% more call options, than puts
Call options by funds: $805M | Put options by funds: $750M
0% more funds holding in top 10
Funds holding in top 10: 24 [Q1] → 24 (+0) [Q2]
0.04% less ownership
Funds ownership: 78.8% [Q1] → 78.76% (-0.04%) [Q2]
Research analyst outlook
21 Wall Street Analysts provided 1 year price targets over the past 3 months
21 analyst ratings
Barclays Benjamin Budish 72% 1-year accuracy 52 / 72 met price target | 6%upside $20 | Equal-Weight Upgraded | 6 Sept 2024 |
Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target | 27%upside $24 | Buy Upgraded | 15 Aug 2024 |
Morgan Stanley Michael Cyprys 60% 1-year accuracy 18 / 30 met price target | 11%upside $21 | Equal-Weight Maintained | 14 Aug 2024 |
B of A Securities Craig Siegenthaler 74% 1-year accuracy 14 / 19 met price target | 69%upside $32 | Buy Maintained | 12 Aug 2024 |
Barclays Benjamin Budish 72% 1-year accuracy 52 / 72 met price target | 5%downside $18 | Underweight Maintained | 12 Aug 2024 |
Financial journalist opinion
Based on 34 articles about HOOD published over the past 30 days