How to Buy Robinhood Markets Stock
Robinhood Markets Inc
Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies.
Robinhood Markets stock last closed at $17.62, up 2.5% from the previous day, and has increased 87.45% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.73 percentage points. Robinhood Markets stock is currently +122.76% from its 52-week low of $7.91, and -14.26% from its 52-week high of $20.55.
As of Apr 23, 2024, there are 874.55M shares of HOOD outstanding. The market capitalization of HOOD is $15.41B. In the last 24 hours, 6.93M HOOD shares were traded.
How to Buy Robinhood Markets Stock
Not sure how to invest in Robinhood Markets stock? Here's how.
- Choose where to buy Robinhood Markets stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Robinhood Markets stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Choose your method of payment and add your details.
- Analyze Robinhood Markets stock: The Robinhood Markets ticker symbol is HOOD. Is Robinhood Markets stock a good investment? Should you buy shares of HOOD? How do HOOD's underlying business fundamentals look? Do top analysts think Robinhood Markets is a good buy? Why has HOOD's stock price moved recently? (Hint: Our stock research website can help you decide if HOOD is a good stock to buy).
- Make your HOOD trade: Decide if you will purchase HOOD shares at the current market price or use a limit order to purchase HOOD stock at a given price.
- Get the latest news on your HOOD investment: Create a watchlist to the latest updates on your new investment in Robinhood Markets stock.
Step 1: Choose where to buy Robinhood Markets stock
You will need a brokerage account to access the NASDAQ market and buy HOOD shares.
Our recommended brokerage: eToro
In our opinion, eToro is the best brokerage. Here's why:
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- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you are able to buy HOOD stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create a new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have created your account on stock market apps, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details transferring funds into your brokerage account.
Step 4: Analyze Robinhood Markets stock
After you have selected the best place to buy Robinhood Markets stock, it's important to analyze their stock prior to buying, so you actually wrap your head around the risk and opportunity.
Overview of key HOOD info
Robinhood Markets Due Diligence Checks
WallStreetZen was built to help everyday investors do better fundamental analysis quickly.
You can view all of the due diligence checks on HOOD's stock page.
How is HOOD stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge HOOD's fair value.
Using relative valuations methods:
- HOOD could be undervalued based on its P/B ratio of 2.3x, relative to Software - Infrastructure industry P/B ratio of 11.76x
You can do additional valuation research on HOOD's stock here.
HOOD Financial Health Overview
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the HOOD balance sheet.
- There are more short-term assets than short-term liabilities on the HOOD balance sheet.
- HOOD's operating cash flow of $1.18B allows it to safely service it's debt of $0.00.
Negative Health Checks:
- HOOD profit margin has gone up by 0.47 percentage points in the past year, but the company is still unprofitable.
- HOOD earnings of -$533.00M is not sufficient to cover its interest payments.
- HOOD has a relatively high debt to equity ratio of 3.83.
Do Wall Street analysts think it's a good time to buy HOOD stock
Out of 14 sell side analysts who research HOOD, the consensus analyst rating on Robinhood Markets is a Hold
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent HOOD Analyst Forecasts
Devin Ryan, a top 1% analyst from JMP Securities maintains HOOD with a buy rating and raises their HOOD price target from $25.00 to $28.00, on Apr 9, 2024.
Benjamin Budish, a top 5% analyst from Barclays maintains HOOD with a strong sell rating and raises their HOOD price target from $11.00 to $16.00, on Apr 8, 2024.
Kyle Voigt, a bottom 6% analyst from Keefe, Bruyette & Woods initiates coverage on HOOD with a hold rating and announces their HOOD price target of $20.00, on Apr 3, 2024.
Josh Beck, a top 3% analyst from KeyBanc maintains HOOD with a strong buy rating and raises their HOOD price target from $15.00 to $22.00, on Mar 28, 2024.
Dan Dolev, a bottom 1% analyst from Mizuho maintains HOOD with a strong buy rating and raises their HOOD price target from $17.00 to $20.00, on Mar 15, 2024.
You can dig deeper into what analysts are forecasting on the Robinhood Markets stock forecast page.
HOOD Technicals
How are HOOD Revenues/Earnings doing?
Last year, HOOD revenue was $1.87B. Over the last 4 year, HOOD's revenue has gone up by 61.01% per year. This was faster than the Software - Infrastructure industry average of 17.12%.
Find out more about HOOD's earnings and revenue performance here.
Who is buying/selling HOOD?
In the past 12 months, insiders at HOOD have sold more shares than they have bought.
Baiju Bhatt, Director of HOOD, was the latest HOOD insider to sell. They sold $285,989.05 worth of HOOD shares on Apr 18, 2024.
Dig into more about who owns HOOD stock here.
Can I get consistent income from HOOD stock?
No, Robinhood Markets doesn't provide an income stream by paying out dividends.
What do other investors have to say about HOOD?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your HOOD trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you require additional help investing in stocks on eToro, click the how to video below:
Step 6: Get the latest news on your HOOD investment
Now that you own some HOOD shares, you'll want to stay up-to-date on your new company.
Create a watchlist to keep tabs on your HOOD stock.
HOOD Feed
How to Buy Stock in Robinhood Markets
To summarize, here are the 6 steps to buy stock in Robinhood Markets:
- Choose where to buy Robinhood Markets stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Analyze Robinhood Markets stock
- Make your HOOD trade
- Get the latest news on your HOOD investment
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Robinhood Markets, create your watchlist below.
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