Analysts have mixed opinions on Robinhood Markets Inc. B of A Securities analyst Craig Siegenthaler initiated coverage with an Underperform and a price target of $22, implying a 12.8 percent upside. Siegenthaler assumed coverage in a note partially titled “The perfect storm is over.” While he forecasts strong growth, he thinks the current valuation may be underappreciating factors. The…
Worldwide IPOs Set New Record With $600 Billion Valuations
Global initial public offerings had the best year on record in 2021, especially those in the United States, with an abundance of liquidity and favorable monetary policies that have resulted in high company valuations and a special purpose acquisition (SPAC) boom. About 2,850 businesses and SPAC companies have raised more than $600 billion in IPOs…
Robinhood Shares Drop Below IPO Price in After-Market Trading on Crypto Slowdown
October 27, 2021
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Robinhood Markets Inc.’s shares fell below their initial public offering price in after-hours trading on Tuesday after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like dogecoin. Shares of Robinhood were down 8.77 percent at $36.10 following the release of the results, below the $38…
Robinhood to Buy Shareholder-Communications Company
NEW YORK—Robinhood, the trading app that’s brought millions of new investors to the stock market, is buying a company that helps people communicate with the businesses whose shares they buy. Robinhood Markets said Tuesday that it agreed to buy Say Technologies for about $140 million in cash. Say helps publicly traded companies hear what questions…
Robinhood Shares Surge 50 Perccent, as Investors Scoop up ‘The Meme of Memes’
Shares of Robinhood Markets Inc rose more than 50 percent on Wednesday during a wild trading session as investors scooped up shares after its underwhelming stock market debut last week. The online brokerage’s shares closed at $70.39, off the session high of $85 when the stock was up nearly 82 percent, with one analyst dubbing…
Robinhood Sees Valuation of up to $35 Billion as Public Co.
Robinhood, the online brokerage that found itself embroiled in this year’s meme stock phenomenon, will go public next week seeking a market valuation of up to $35 billion. The company said in a regulatory filing Monday that it hopes to price 55 million shares in its initial public offering in a range of $38 to…
NTD Business Full Broadcast (July 19)
The popular trading app Robinhood says could be worth as much as 35 billion dollars, it’s seeking to cash-in in one of this year’s biggest IPOs. A group of countries says the China was responsible for hacking into Microsoft’s Exchange Server earlier this year, it’s the first time the NATO alliance has signed onto an…
Robinhood Pays $70 Million to Settle Range of Allegations
NEW YORK—Robinhood Financial will pay nearly $70 million to settle a wide range of allegations, including that it gave customers misleading information and improperly allowed some users to make riskier trades after they lied about their trading experience. The financial penalty is the largest ever ordered by the Financial Industry Regulatory Authority, a non-governmental organization…
NTD Business Full Broadcast (June 30)
Regulators slap a record fine on trading app Robinhood. Why was it fined and how much does it have to pay? House buyers are fighting over homes. Supply doesn’t nearly meet demand and prices see the biggest gain in over 30 years. Some are bidding up to $1million dollars over the asking price to win the bid. A trade…
NTD Business Full Broadcast (May 3)
Billionaire investor Warren Buffet confirms who will take over for him once he’s no longer in charge. He also says Berkshire Hathaway benefited from the economic recovery and government stimulus. Apple faces off against ‘Fortnite’ creator Epic Games in a major antitrust trial. Results could affect Apple’s fast-growing app store business. What is Apple accused…
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