Robinhood Markets, Inc.

Last price update: 23 Apr 24 23:00 GMT

Price:
$17.62
Open:
$17.24
Previous close:
$17.19
Day's range:
$17.05 - $17.82
Year's range:
$7.91 - $20.55
Net Income per Share:
-0.61
Price-to-Earnings ratio:
-28.89
52-week Price Range:
$16.83
Volume:
$6,927,157.00
Average volume:
$15,641,903.00

Company profile for Robinhood Markets, Inc.

Robinhood Markets, Inc. logo

Robinhood Markets, Inc. is a financial services platform based in the United States, which provides users with the ability to invest in stocks, ETFs, options, gold, and cryptocurrencies. Founded in 2013, the company is headquartered in Menlo Park, California.

The company launched its platform with an aim to make the financial markets accessible to everyone, regardless of income level or trading experience. Robinhood is the largest commission-free stock trading platform in the US, and has 5 million users in the United States, Canada, Australia and the United Kingdom.

Robinhood offers customers a wide range of services, including learning and education solutions such as Snacks, which is a digest of business news stories; Learn, a collection of approximately 300 articles, including guides, feature tutorials, and financial dictionary; Newsfeeds, which offer access to free premium news from various sites such as Barron’s, Reuters, and The Wall Street Journal; and lists and alerts, which allow users to create custom watchlists, monitor securities, ETFs, and cryptocurrencies, and receive email or push notifications when prices reach certain levels. In addition, customers can use cash management services such as FDIC-insured deposits, free ATM withdrawals in the U.S., and no-fee overdrafts.

Robinhood is also dedicated to providing quality customer service, offering a 24/7 dedicated customer support team and educational resources to help customers stay informed about the markets and make informed investment decisions. The company also provides First Trade recommendations to all new customers who have yet to place a trade.

The company has also introduced Robinhood Gold, which provides customers with access to margin to trade on their platform. Customers can borrow up to 2x their cash balance in their Robinhood account, with the option to increase up to 5x with gold upgrade. They can also access after-hours trading, professional research, and increased buying power.

Robinhood has also taken steps to make its platform more secure and streamlined, offering advanced encryption and two-factor authentication, as well as its own authentication process. The platform also includes several privacy features such as the ability to hide balances, hide order history and set a PIN code. Robinhood also recently introduced support for fingerprint and facial recognition biometric authentication.

In addition to its platform, Robinhood also offers its customers access to a financial market news feed called Robinhood Snacks. This is a daily news digest that provides customers with up-to-date news & insights on the economy, stocks, and financial markets. The company also offers interactive courses and webinars with leading financial experts, giving customers the tools they need to understand and navigate the financial markets. Moreover, Robinhood has a platform for social trading that encourages customers to engage in conversations about the markets and investments.

Stock exchanges:
NASDAQ
Sector:
Technology
Industries:
Software
Ticker:
HOOD
CIK:
1783879
ISIN:
US7707001027
Website:
https://robinhood.com
Phone:
844 428 5411
Origin:
United States
Employees:
2,400