About RobinhoodCopy link to section
What is Robinhood?Copy link to section
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?Copy link to section
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?Copy link to section
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?Copy link to section
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?Copy link to section
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?Copy link to section
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.
More about the HOOD priceCopy link to section
What is the Robinhood stock price today?Copy link to section
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?Copy link to section
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?Copy link to section
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?Copy link to section
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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FAQsCopy link to section
Robinhood’s market capitalisation is $8.12 billion. This is calculated by multiplying the number of shares that have been issued by the current HOOD share price. Another way of measuring this is enterprise value, which includes Robinhood’s debt obligations. Robinhood’s enterprise value is $3.86 billion.
Robinhood listed ont he Nasdaq exchange via an initial public offering (IPO) on 28 July, 2021. It had an opening price of $38 per share, raising nearly $2 billion.
Institutional investors own over 70% of all Robinhood stock. The largest shareholder of HOOD stock is Index Venture Associates VI Ltd, which has an 8.58% stake in the company.
Robinhood is an investing app with many competitors offering a similar service. Here’s a selection of its biggest competitors.
- eToro. eToro is an online investing platform that has been operating for much longer than Robinhood.
- Fidelity. Fidelity is one of the largest brokerage firms in the United States.
- Acorns. Acorns is an investment app that is geared towards long term savings.
No, Robinhood has not had a stock split. It has only been trading on the Nasdaq for a couple of years, so it is unlikely to split its shares anytime soon.
Robinhood reports its earnings four times a year at quarterly intervals. It reports in March, June, September, and December.
No, RobinHood does not pay dividends.
No, Robinhood is currently unavailable in the United Kingdom and its main market is the United States.
Robinhood is popular among retail investors, especially younger ones because the platform offers zero commissions on trades. It makes investing accessible to almost anyone and offers markets like Crypto, which is extremely popular.
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