Robinhood (HOOD) Gains on Plan to Repurchase up to $1B Shares [Yahoo! Finance]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Yahoo! Finance
HOOD announced that its board of directors approved a share repurchase program authorizing it to repurchase up to $1 billion of its outstanding common stock. While the plan does not have an expiration date, the company expects to buy back shares over two to three years, starting from third-quarter 2024. The repurchase program does not obligate HOOD to acquire any particular amount of common stock and the plan may be suspended or discontinued at any time at the company's discretion. HOOD's chief financial officer, Jason Warnick, stated, “As our business and cash flow have continued to grow, we're excited to announce a $1 billion share repurchase program to return value to shareholders.” For the past several months, Robinhood has been seeking to expand its services beyond mainstream trading. This March, the firm unveiled its first-ever credit card, known as the Robinhood Gold Card, which is available exclusively to Robinhood Gold customers. Last year, in order to become a one-
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HOOD
News
- Robinhood upgraded to Outperform at Wolfe on case for strong EPS growth [Seeking Alpha]Seeking Alpha
- Robinhood Markets, Inc. (NASDAQ: HOOD) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $29.00 price target on the stock.MarketBeat
- Robinhood Markets, Inc. (NASDAQ: HOOD) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $29.00 price target on the stock.MarketBeat
- Robinhood Markets, Inc. (HOOD) Just Overtook the 20-Day Moving Average [Yahoo! Finance]Yahoo! Finance
- Robinhood Markets, Inc. (HOOD) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
HOOD
Earnings
- 5/8/24 - Beat
HOOD
Sec Filings
- 6/24/24 - Form 4
- 6/20/24 - Form 144
- 6/6/24 - Form 4
- HOOD's page on the SEC website