Full Answer
Is Robinhood stock a good investment?
Aug 10, 2021 · One of the reasons why Robinhood shares went up on August 3 was a steady interest from a major investor. That day, the founder of ARK Invest Cathie Wood purchased 89,622 shares of HOOD in ARK Fintech Innovation ETF, a position worth roughly $4.2 million based on Robinhood’s closing price of $46.80.
Is Robinhood Markets stock a buy?
Mar 29, 2022 · Robinhood stock declined from the $85 level in August 2021 to the $10 level in mid-March 2022, so the company feels the pressure to boost revenue and …
Will Robinhood stock go up?
Aug 04, 2021 · The stock was up 35% at 10:17 a.m. EDT on Wednesday, but was up much more than immediately after the market opened for trading, when it traded as high as $84. The stock has nearly doubled since ...
Is Robinhood a good platform?
Aug 03, 2021 · According to ARK Innovation's report, Robinhood shares still make up barely 0.8% of the total value of its holdings. That being said, it …
Is Robinhood stock a good buy right now?
Robinhood Markets Cl A (HOOD) The company boasts solid sales growth in recent quarters, and the company's potential is encouraging amid the surging popularity of stock trading among young investors. Shares are far from their post-IPO highs and there is no current buy point, so the stock isn't a buy right now.Jan 28, 2022
What is the prediction for Robinhood stock?
Stock Price Forecast The 14 analysts offering 12-month price forecasts for Robinhood Markets Inc have a median target of 15.00, with a high estimate of 41.00 and a low estimate of 11.00. The median estimate represents a +30.89% increase from the last price of 11.46.
Will Robinhood ever be profitable?
He said it was possible Robinhood will become profitable in 2022, but indicated 2023 was a more likely target depending on overall market conditions and the launch of new products. Robinhood enjoyed a strong run during the pandemic, with homebound investors using its app to trade stocks and other assets.Jan 27, 2022
Is Robinhood growing?
In 2021 Robinhood added over 10 million net funded accounts, nearly doubling the customers on the platform.Jan 27, 2022
What is the best stock to buy right now?
Top 10 Stocks To Buy Right NowPalo Alto Networks, Inc. (NASDAQ: PANW)Shopify Inc. (NYSE: SHOP)PayPal Holdings, Inc. (NASDAQ: PYPL)Netflix, Inc. (NASDAQ: NFLX)Upstart Holdings, Inc. (NASDAQ: UPST)CrowdStrike Holdings, Inc. (NASDAQ: CRWD)Airbnb, Inc. (NASDAQ: ABNB)Roku, Inc. (NASDAQ: ROKU)More items...•7 days ago
What is Tesla stock prediction?
Stock Price Forecast The 35 analysts offering 12-month price forecasts for Tesla Inc have a median target of 1,100.00, with a high estimate of 1,580.00 and a low estimate of 67.00. The median estimate represents a +11.45% increase from the last price of 986.99.
Is Robinhood losing money?
For the fourth quarter, Robinhood reported a net loss of $423 million, or a 49 cent loss per diluted share, wider than the 45 cent loss estimate collected by Refinitiv. However, Robinhood posted $363 million in revenue in the final three months of 2021, slightly above analysts expectations of $362.1 million.Jan 27, 2022
How many customers Robinhood lost?
The app, known for its easy-to-use interface, appears to have lost some of its appeal. Monthly active users dropped, to 18.9 million from 21.3 million in the second quarter. The first half of the year was dominated by meme stock trading, and Dogecoin, but those trends appeared to have cooled off.Oct 27, 2021
How many users has Robinhood lost?
Between the second and third quarter, Robinhood lost 11% (2.4 million) of its monthly active users. And while Robinhood has grown its active user base by nearly 50% from 11.7 million users since December 2020, the average revenue it makes per user decreased by 39% over the same period to $64 from $106.Jan 27, 2022
Who are Robinhood customers?
As of January 2015, 80% of the firm's customers belonged to the "Millennial" demographic and the average customer age was 26. Fifty percent of users who have made a trade use the app daily and 90% use the app weekly. As of 2021, Robinhood has 31 million users.
Who owns Robinhood trading?
Based on a $46.80 closing price, Robinhood cofounders Vlad Tenev, 34, and Baiju Bhatt, 36, are now worth $2.9 billion and $3.3 billion, respectively, according to Forbes' calculations.Aug 3, 2021
Is Robinhood overvalued?
Shares of Robinhood Markets (NASDAQ:HOOD) are still overvalued, despite dropping 50% since the IPO date. Although the trading platform benefited from strong customer acquisition and improving monetization at the start of FY 2021, the trends have now reversed!Jan 2, 2022
Cathie Wood is a buyer -- and that sparked a buying frenzy today
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Robinhood Markets ( NASDAQ:HOOD), the popular app-based, trade-by-phone stock brokerage, soared to close up 24.2% on Tuesday.
So what
On the first couple of days since Robinhood made its market debut in an IPO hosted on its own app, ARK Funds' online tally of its trading activity showed that the several funds controlled by Wood had purchased a total of more than 3.1 million shares of Robinhood.
Now what
Within the grand scheme of things, that's still not a lot. According to ARK Innovation's report, Robinhood shares still make up barely 0.8% of the total value of its holdings.
Why HOOD stock is going up
It isn't clear what drove the stock higher on Aug. 4. However, the attention of popular investor Cathie Wood tends to favor growth stocks. On Aug. 3, ARK Invest’s Wood bought 89,622 shares of Robinhood in the ARK Fintech Innovation ETF—a stake worth around $4.2 million based on the last closing price of $46.80.
How high will HOOD stock go?
It’s difficult to predict how high HOOD stock could go in the near term since the share price is impacted by investor sentiments. Among brokerages, HOOD’s highest target price is $151.20.
Is it too late to buy Robinhood stock now?
Robinhood posted revenues of $958.8 million in 2020, which represents a growth of 245 percent YoY. Based on the $50 billion market cap, this implies a 2020 price-to-sales multiple of 52.1x. Considering that Charles Schwab and Goldman Sachs are trading at 2021 price-to-sales multiples of 7.1x and 2.5x, respectively, Robinhood stock looks overvalued.
Why Reddit traders hate Robinhood stock
One of the reasons for the drop in HOOD stock on the first day of its trading is thought to be the resentfulness of Reddit traders with the company.
Why HOOD stock is falling
One of the other major reasons for the drop in Robinhood's price on debut could be its strategy of offering a big chunk of its IPO to its own users. Many IPOs gain a first-day pop in prices due to retail investor demand.
Will Robinhood stock rise or fall?
Along with a high percentage of IPO offerings reserved for Robinhood users, the company also allowed its employees to sell some of their shares immediately, which is atypical for traditional IPOs, according to The Wall Street Journal. All of these factors led to choppy first-day price action for the company.
Will Robinhood stock go back up?
The factors that will impact the stock in the medium to long term will be the sustainability of its revenue growth amid the concerns that the market might be topping. This could lead to a slow rate of new user sign-ups for the company.
