Robinhood Markets HOOD Stock Price, News & Info The Motley Fool

The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Robinhood stock is higher after the trading platform reported strong Q2 earnings results and analysts have been quick to chime in. Robinhood reported a surge in second-quarter revenue, boosted by strong trading in equities and cryptocurrencies, sending shares up 2% after the bell. HOOD reported its Q2 earnings Wednesday evening, reporting $682 million in quarterly revenue and $188 million in net income to beat analyst expectations.

Robinhood Markets, Inc is a financial services platform that pioneered commission-free stock trading with no account minimums and fractional share trading. The company was founded by Vladimir Tenev and Baiju Prafulkumar Bhatt in 2013 and is headquartered in Menlo Park, CA. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.68% per year.

How Robinhood can win a bigger piece of the $65 trillion pie of investable assets

On Monday (Aug. 5), the platform powering 24-7 trading for brokers like Robinhood went offline. The platform, Blue Ocean, is the infrastructure provider responsible for executing stock trades between … Wolfe Reserach created a basket of companies that would benefit from a Republican sweep, and one of shares that would fall in that scenario. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. Further, it provides Robinhood credit cards, cash card xcritical reviews and spending accounts, and wallets. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.

Analyst rating

Our thesis in January has largely played out as expected, as recent product launches have catalyzed higher stock prices and better financial results. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. As an investor, you want to buy stocks with the highest probability of success.

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company’s weighted average against that of other companies. Robinhood Markets Inc. reported second-quarter results Wednesday that beat expectations, helped by a jump in crypto and stock trading. Shares of Robinhood Markets (HOOD) climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the stock, citing “attractive growth potential. According to 17 analysts, the average rating for HOOD stock is “Buy.” The 12-month stock price forecast is $22.81, which is an increase of 14.68% from the latest price.

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These returns cover a period from January 1, 1988 through August 5, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

Sign-up to receive the latest news and ratings for Robinhood Markets and its competitors with MarketBeat’s FREE daily newsletter. Dan Dolev, Mizuho Americas senior analyst, joins ‘Closing Bell Overtime’ to talk Robinhood earnings. Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of impending enforcement action related t… The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Which stocks are likely to thrive in today’s challenging market?

News for HOOD

Robinhood Markets (HOOD) raised $2.2 billion in an initial public offering (IPO) on Thursday, July 29th 2021. The company issued 55,000,000 shares at a price of $38.00-$42.00 per share. Robinhood Markets HOOD is enjoying strong deposit growth and new products, analysts noted after second-quarter results. The technique has proven to be very useful for finding positive surprises.

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. 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. Robinhood current price/share represents an opportunity to add shares at discount, with an upside target of $30/share. In July-August, Robinhood experienced a 43% market-related price drop and has qui…

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Plus, HOOD info will be updated daily in your free Zacks.com Portfolio Tracker. Check out all the cryptocurrencies that could be set for big gains this year. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

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Robinhood Markets (NASDAQ: HOOD)

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment. Top website in the world when it comes to all things investing. In 2023, Robinhood’s revenue was $1.87 billion, an increase of 37.33% compared to the previous year’s $1.36 billion.

1. According to 17 analysts, the average rating for HOOD stock is “Buy.” The 12-month stock price forecast is $22.81, which is an increase of 14.68% from the latest price.
2. The monthly returns are then compounded to arrive at the annual return.
3. The platform, Blue Ocean, is the infrastructure provider responsible for executing stock trades between …
4. Top website in the world when it comes to all things investing.

In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Robinhood Markets’ top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (2.71%), ARK Investment Management LLC (2.18%), Renaissance Technologies LLC (0.87%) and Susquehanna International Group LLP. Insiders that own company stock include Jason Warnick, Daniel Martin Gallagher Jr, Steven M Quirk, Scott D Sandell, Gretchen Howard, Baiju Bhatt and Vladimir Tenev. Robinhood Markets’ stock was trading at $12.74 at the start of the year. Since then, HOOD stock has increased xcritical cheating by 56.1% and is now trading at $19.89.