Robinhood (HOOD)

• Market cap: $42.6B
• 1 day: 4.49%
• 5 days: 23.43%
• 1 month: 15.66%
• 3 months: 82.94%
• 6 months: 99.13%
• Year to date: 22.08%
• 1 year: 352.11%
• 5 years: 38.28%
• 10 years: 38.28%
• Sector: Financials
• Industry: Security Brokers, Dealers & Flotation Companies

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 Q3 regulatory filings by fund managers ($100M+ AUM)

64% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 56

41% more repeat investments, than reductions

Existing positions increased: 196 | Existing positions reduced: 139

22% more call options, than puts

Call options by funds: $995M | Put options by funds: $814M

7% more funds holding

Funds holding: 452 [Q2] → 483 (+31) [Q3]

1% more capital invested

Capital invested by funds: $14.1B [Q2] → $14.2B (+$151M) [Q3]

2.69% less ownership

Funds ownership: 82.2% [Q2] → 79.52% (-2.69%) [Q3]

8% less funds holding in top 10

Funds holding in top 10: 24 [Q2] → 22 (-2) [Q3]

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $38 21% downside
• Avg. target: $47 2% downside
• High target: $55 14% upside

12 analyst ratings

• positive: 9 75%
• neutral: 3 25%
• negative: 0 0%

Barclays Benjamin Budish 77% 1-year accuracy 88 / 115 met price target	12% upside $54	Overweight Maintained	13 Jan 2025
Citigroup Christopher Allen 81% 1-year accuracy 17 / 21 met price target	7% downside $45	Neutral Maintained	10 Jan 2025
JP Morgan Kenneth Worthington 67% 1-year accuracy 24 / 36 met price target	11% downside $43	Neutral Upgraded	7 Jan 2025
Keefe, Bruyette & Woods Kyle Voigt 74% 1-year accuracy 20 / 27 met price target	21% downside $38	Market Perform Maintained	20 Dec 2024
Needham John Todaro 88% 1-year accuracy 59 / 67 met price target	8% upside $52	Buy Reiterated	9 Dec 2024