RobinhoodHOOD
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)
117% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 47
56% more repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 120
14% more capital invested
Capital invested by funds: $11.8B [Q1] → $13.5B (+$1.68B) [Q2]
14% more funds holding
Funds holding: 397 [Q1] → 452 (+55) [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]
0.03% less ownership
Funds ownership: 78.8% [Q1] → 78.77% (-0.03%) [Q2]
Research analyst outlook
22 Wall Street Analysts provided 1 year price targets over the past 3 months
22 analyst ratings
Piper Sandler Patrick Moley 95% 1-year accuracy 21 / 22 met price target | 11%upside $30 | Overweight Maintained | 21 Oct 2024 |
Keybanc Alex Markgraff 61% 1-year accuracy 11 / 18 met price target | 11%upside $30 | Overweight Maintained | 21 Oct 2024 |
JP Morgan Kenneth Worthington 69% 1-year accuracy 22 / 32 met price target | 22%downside $21 | Underweight Maintained | 17 Oct 2024 |
Morgan Stanley Michael Cyprys 68% 1-year accuracy 21 / 31 met price target | 18%downside $22 | Equal-Weight Maintained | 17 Oct 2024 |
Goldman Sachs Will Nance 66% 1-year accuracy 25 / 38 met price target | 7%downside $25 | Neutral Maintained | 14 Oct 2024 |
Financial journalist opinion
Based on 60 articles about HOOD published over the past 30 days
