Robinhood Markets - HOOD Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Robinhood Markets in the last twelve months. There are currently 4 sell ratings, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HOOD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HOOD, but not buy additional shares or sell existing shares.
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13 brokerages have issued 12 month target prices for Robinhood Markets' shares. Their HOOD share price forecasts range from $7.00 to $28.00. On average, they anticipate the company's stock price to reach $12.75 in the next year. This suggests a possible upside of 38.0% from the stock's current price.
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Robinhood Markets' stock was trading at $17.76 at the beginning of 2022. Since then, HOOD shares have decreased by 48.0% and is now trading at $9.24.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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Robinhood Markets, Inc. (NASDAQ:HOOD) issued its earnings results on Tuesday, August, 2nd. The company reported ($0.34) EPS for the quarter, topping analysts' consensus estimates of ($0.36) by $0.02. The company had revenue of $318 million for the quarter, compared to the consensus estimate of $351.65 million. Robinhood Markets had a negative trailing twelve-month return on equity of 27.59% and a negative net margin of 221.99%.

(HOOD) raised $2.2 billion in an initial public offering (IPO) on Thursday, July 29th 2021. The company issued 55,000,000 shares at $38.00-$42.00 per share. Goldman Sachs, J.P. Morgan, Barclays, Citigroup and Wells Fargo Securities acted as the underwriters for the IPO and Mizuho Securities, JMP Securities, Piper Sandler, KeyBanc Capital Markets, Rosenblatt Securities, BMO Capital Markets, BTIG, Santander, Academy Securities, Loop Capital Markets, Ramirez & Co. and Siebert Williams Shank were co-managers.

Robinhood Markets trades on the NASDAQ under the ticker symbol "HOOD."

Robinhood Markets' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (3.85%), Ribbit Capital GP II Ltd. (3.01%), Sumitomo Mitsui Trust Holdings Inc. (2.68%), Nikko Asset Management Americas Inc. (2.68%), Bullfrog Capital GP Ltd. (1.46%) and State Street Corp (0.63%). Insiders that own company stock include Aparna Chennapragada, Baiju Bhatt, Daniel Martin Gallagher Jr, Gretchen Howard, Jason Warnick, Scott D Sandell and Vladimir Tenev.
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Shares of HOOD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HOOD stock can currently be purchased for approximately $9.24.

Robinhood Markets (NASDAQ:HOOD) has a market capitalization of $8.13 billion and generates $1.82 billion in revenue each year. The company earns $-3,686,430,000.00 in net income (profit) each year or ($9.15) on an earnings per share basis.

The company employs 3,800 workers across the globe.

Robinhood Markets' mailing address is 85 Willow Road, Menlo Park, CA 94025, United States. The official website for the company is www.robinhood.com. The company can be reached via phone at 844-428-5411 or via email at ir@robinhood.com.