Robinhood (HOOD)

Learn everything you need to know about Robinhood and find links to beginner-friendly guides that show you the best way to invest in it.
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Updated: Feb 28, 2023
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About Robinhood

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What is Robinhood?

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It’s an investing platform that makes investing accessible to a broad audience. Launched in 2013, Robinhood allows its users to buy and sell stocks, ETFs, options, and cryptocurrencies through its mobile app or website without paying commissions.

Robinhood gained popularity with young investors and added many new users during the covid pandemic. Reddit and the rise in cryptocurrency trading further helped boost the platform’s numbers.

How does Robinhood make money?

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Robinhood is a commission-free trading platform that makes money in several ways. One of its key revenue streams is its premium subscription services, which gives users access to additional features such as margin trading and extended hours.

It also makes money through a process known as payment for order flow. This means it sells the orders of its users to market makers. The practice of order flow has come under some scrutiny and criticism as it may not provide users with the best price for their trades.

What is Robinhood’s best selling service?

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Its biggest revenue earner is payment for order flow (PFOF). This is the process of routing users’ orders to market makers. Robinhood is paid to send users’ orders to a specific market maker.

It only earns a fraction of a penny per share routed, although it deals with a large number of orders, and this process generates hundreds of millions of dollars in revenue for the company.

Who are the key executives at Robinhood?

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Robinhood’s co-founder, Vladimir Tenev is its CEO and chairman. Here are a few other key executives.

  • Vladimir Tenev. Co-Founder, Pres, CEO & Chairman
  • Baiju Prafulkumar Bhatt. Co-Founder, Chief Creative Officer & Director
  • Jason Warnick Chief. Financial Officer
  • Gretchen Howard. Chief Operating Officer
  • Irvin Sha. Head of Investor Relations & Capital Markets
  • Daniel M. Gallagher Jr. Chief Legal, Compliance, and Corp. Affairs Officer
  • Alex Mesa. Head of Customer Experience
  • Mary Elizabeth Taylor. VP & Head of External Affairs
  • Chris Koegel. VP of Investor Relations

Where can I buy shares in Robinhood?

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You can buy Robinhood stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor, you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.

Are there any other ways to invest in Robinhood?

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The simplest way to invest in Robinhood is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.

Robinhood is part of the Nasdaq index, so you can invest in an ETF that tracks that index, or choose a technology ETF that lets you own a basket of related stocks from the same industry.

More about the HOOD price

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What is the Robinhood stock price today?

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The HOOD stock price today is currently $9.72 as of 28 February, 2023. The price of Robinhood is down 20.11% in the past 52 weeks. You can use the live Robinhood stock chart to track the NASDAQ:HOOD price in real time above, or compare the Robinhood value today to its past performance using the Robinhood financials tab at the top of this page.

What is the 52-week low for Robinhood stock?

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The 52-week low for Robinhood stock is $6.81. HOOD stock is currently 49.41% above the 52-week low.

What is the 52-week high for Robinhood stock?

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The 52-week high for Robinhood stock is $16.49. HOOD stock is currently 40.98% below the 52-week high.

What is the stock forecast for Robinhood?

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The average Robinhood stock forecast has a price target of $11.94 by the end of 2023. Robinhood’s latest financial results, the broader economic outlook, and the industry’s competition all influence these forecasts.

It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock.

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FAQs

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Latest Robinhood news

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Recent Robinhood analysis

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Sources & references
Risk disclaimer
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.