Robinhood (HOOD)

• Market cap: $33.9B
• 1 day: 3.76%
• 5 days: -6.56%
• 1 month: 6.24%
• 3 months: 68.63%
• 6 months: 76.39%
• Year to date: 209.86%
• 1 year: 203.72%
• 5 years: 10.08%
• 10 years: 10.08%
• 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)

48% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 61

41% more repeat investments, than reductions

Existing positions increased: 196 | Existing positions reduced: 139

22% more call options, than puts

Call options by funds: $992M | Put options by funds: $814M

6% more funds holding

Funds holding: 452 [Q2] → 481 (+29) [Q3]

0% more capital invested

Capital invested by funds: $13.7B [Q2] → $13.8B (+$66.9M) [Q3]

3.06% less ownership

Funds ownership: 80.0% [Q2] → 76.94% (-3.06%) [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: $21 45% downside
• Avg. target: $43 13% upside
• High target: $55 43% upside

12 analyst ratings

• positive: 9 75%
• neutral: 2 17%
• negative: 1 8%

Keefe, Bruyette & Woods Kyle Voigt 83% 1-year accuracy 20 / 24 met price target	1% downside $38	Market Perform Maintained	20 Dec 2024
Barclays Benjamin Budish 69% 1-year accuracy 72 / 104 met price target	28% upside $49	Overweight Upgraded	9 Dec 2024
Needham John Todaro 89% 1-year accuracy 54 / 61 met price target	36% upside $52	Buy Reiterated	9 Dec 2024
Goldman Sachs Will Nance 69% 1-year accuracy 29 / 42 met price target	20% upside $46	Buy Upgraded	6 Dec 2024
Piper Sandler Patrick Moley 78% 1-year accuracy 31 / 40 met price target	41% upside $54	Overweight Reiterated	5 Dec 2024