New York State Common Retirement Fund Reduces Position in Robinhood Markets,
August 9, 2023
🌥️Trending News
Robinhood Markets ($NASDAQ:HOOD), Inc. is an online investment platform that offers commission-free stock and options trading. Robinhood Markets has been able to disrupt the traditional stock trading space by cutting out the middle-man fees that typically go along with trading stocks and ETFs. The company has revolutionized the way people invest and has allowed millions of users to participate in the stock market without having to pay high fees. Although the NYSCRF has decided to reduce its stake in the company, Robinhood Markets continues to dominate the stock and options trading space.
With its innovative platform and commission-free fees, it has become a popular choice for traders of all levels. As Robinhood Markets continues to expand its reach, more investors are sure to join its platform and take advantage of its services.
Market Price
The news of the reduction sent shockwaves throughout the investing community, as it was unexpected to many. Despite the stock’s performance on Monday, investors remain cautious on the company’s future prospects, especially given the recent controversies that have plagued the company. It will be interesting to see how Robinhood Markets, Inc. continues to navigate the current landscape and adjust its strategies accordingly. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Robinhood Markets. More…
| Total Revenues | Net Income | Net Margin |
| 1.67k | -827 | -46.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Robinhood Markets. More…
| Operations | Investing | Financing |
| 1.17k | -482 | -5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Robinhood Markets. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.66k | 21.47k | 7.9 |
Key Ratios Snapshot
Some of the financial key ratios for Robinhood Markets are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 69.8% | – | -46.2% |
| FCF Margin | ROE | ROA |
| 68.3% | -6.8% | -1.7% |
Analysis
At GoodWhale, we recently conducted a comprehensive review of the health of ROBINHOOD MARKETS. Our assessment determined that this is a medium risk investment in terms of financial and business aspects. From our analysis, we identified one risk warning in the company’s cashflow statement. To get access to the full report, you’ll need to sign up on our website as a registered user. Once you’ve done that, you’ll receive a detailed review outlining our findings and conclusions. Our goal is to provide users with the most accurate and up-to-date information to ensure that they make the best possible investment decisions. More…
Peers
There is intense competition between Robinhood Markets Inc and its competitors Coinbase Global Inc, Block Inc, and Paysafe Ltd. All four companies are striving to provide the best service and products to their customers. Each company has its own strengths and weaknesses, so it is important for customers to evaluate all their options before choosing one provider.
– Coinbase Global Inc ($NASDAQ:COIN)
Coinbase Global Inc is a digital asset exchange company. It offers a platform for trading digital assets such as bitcoin, Ethereum, and other cryptocurrencies. The company was founded in 2012 and is headquartered in San Francisco, California. Coinbase has a market cap of 14.32B as of 2022 and a Return on Equity of -5.79%. The company offers a safe and easy way to buy, sell, and store digital assets.
– Block Inc ($NYSE:SQ)
Block.one is a technology company that specializes in the development of blockchain software. The company’s primary product is the EOSIO software, which is a decentralized operating system that can be used to build blockchain applications. Block.one was founded in 2017 by Brendan Blumer and Dan Larimer, and is headquartered in Hong Kong.
– Paysafe Ltd ($NYSE:PSFE)
Paysafe Ltd is a payment processing company that enables businesses and consumers to make and receive payments through a variety of channels. The company has a market capitalization of 1.03 billion as of 2022 and a return on equity of -105.41%. The company’s primary business is providing payment processing and merchant services. It also offers a suite of products and services that enable businesses to accept and process payments, including credit and debit cards, e-wallets, and bank transfers. Paysafe Ltd is headquartered in the Isle of Man.
Summary
Robinhood Markets, Inc. is a publicly traded company that offers commission-free trading and investing services. The New York State Common Retirement Fund recently reduced its position in the company due to concerns about the company’s lack of capital, limited transparency, and customer service history. Investment analysts have noted that Robinhood’s rapid growth has been accompanied by a lack of adherence to established risk management protocols and oversight. They also point out the potential for future losses due to the company’s reliance on technology rather than traditional stock analysis. Analysts recommend caution when investing in Robinhood and suggest that investors begin with a small investment and diversify into other asset classes.
Additionally, investors should conduct their own research to ensure they understand the company’s business model and financial condition.
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