How to buy Robinhood shares

Learn how to easily invest in Robinhood shares.

Robinhood, a popular US trading app that offers commission-free stocks, ETFs and options trading completed its IPO on Thursday 20 July, 2021. It sold its shares for $38 each (around £28). The stock began trading on 29 July after the NASDAQ stock exchange had opened. Robinhood became well known to UK investors last year when it planned to launch in the UK but eventually U-turned on its decision.



Also read: Alternatives to Robinhood in the UK



How to buy shares in Robinhood

  1. Open a brokerage account. Choose from our top broker picks or compare brokers in depth. Then, complete an application.
  2. Fund your account. Add money to your account via bank transfer, debit card or credit card.
  3. Search the platform by ticker symbol. HOOD in this case.
  4. Choose an order type. Place a market order or limit order with your preferred number of shares or dollar amount.
  5. Submit the order. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

Our top picks for where to buy Robinhood shares

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97% would recommend
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Fees calculator for buying Robinhood shares with popular apps

Both exchange rates and share prices fluctuate in real time, so the costs estimated here should be considered as a guide only. They don't factor in spreads, which can be hard to pin down. Always refer to the platform itself for availability and pricing.

Quantity of shares

20
Platform Finder Score Account fee Min. initial deposit Trade cost Link
eToro logo
9 Excellent
£0 $100 £617.42
Go to siteCapital at risk
Freetrade logo
9.1 Excellent
£0 £1 £618.89
Go to siteCapital at risk
Trading212 logo
10 Excellent
£0 £1 £613.74
Go to siteCapital at risk
XTB logo
9 Excellent
£0 £0 £615.88
Go to siteCapital at risk
CMC Invest logo
9 Excellent
£0 £0 £615.88
Go to siteCapital at risk
Hargreaves Lansdown logo
8.5 Great
£0 (0.45% for funds) £1 £630.90
Go to siteCapital at risk

Full comparison of share dealing platforms

These providers cover a wide range of stocks, but we can't guarantee they'll all offer this stock.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.


Alternative ways to invest in Robinhood

Buying shares in just one company is generally considered a riskier bet than investing in a range of investments - AKA a "diversified portfolio". Experts generally recommend holding a mix of investments in specific assets and funds. Funds are ready-made portfolios of multiple companies' shares (potentially including Robinhood), and the idea is that drops in the value of one constituent company's share price might be offset by rises in others.

Robinhood is a major part of the NASDAQ, so it's included in many global funds and investment trusts, as well as tracker-style exchange traded funds (ETFs).

Latest updates for Robinhood

November 19, 2024: Robinhood's stock is up by more than 8% and just breached $35 per share, setting a new 52-week high.

Is it a good time to buy Robinhood stock?

Review technicals and fundamentals to help you determine if now's a good time for you to invest.

Technical analysis

View Robinhood's price performance, share price volatility, historical data and technicals.

Use our graph to track the performance of HOOD stock over time.

Historical closes compared with the last close of $38.33

1 week (2024-12-13)
1 month (2024-11-20)
3 months (2024-09-20)
6 months (2024-06-20)
1 year (2023-12-20)
2 years (2022-12-20)
3 years (2021-12-20)
5 years (2019-12-20)

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.


Is Robinhood under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Robinhood P/E ratio, PEG ratio and EBITDA.

Robinhood's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 86x. In other words, Robinhood's shares trade at around 86x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

However, Robinhood's P/E ratio is best considered in relation to those of others within the industry or those of similar companies.

Robinhood's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give None. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Robinhood's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

However, it's sensible to consider Robinhood's PEG ratio in relation to those of similar companies.

Robinhood's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $138.1 million (£110.4 million).

The EBITDA is a measure of Robinhood's overall financial performance and is widely used to measure a its profitability.

To put that into context you can compare it against similar companies.

Frequently asked questions

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.


Shannon Terrell's headshot
Editor

Shannon Terrell is a lead writer and spokesperson at NerdWallet and a former editor at Finder, specializing in personal finance. Her writing and analysis on investing and banking has been featured in Bloomberg, Global News, Yahoo Finance, GoBankingRates and Black Enterprise. She holds a bachelor’s degree in communications and English literature from the University of Toronto Mississauga. See full bio

's expertise
has written 2 Finder guides across topics including:
  • Share trading
  • Robo-advisors
  • Merchant services

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