TipRanks

Last updated
TipRanks
Founded2012
FounderUri Gruenbaum
Gilad Gat
Headquarters Tel Aviv,
Israel
Servicesfintech
Website https://www.tipranks.com/

TipRanks is a financial technology company that uses artificial intelligence to analyze financial big data to provide stock market research tools for retail investors. The TipRanks Financial Accountability Engine™ scans and analyzes financial websites, corporate filings submitted to the SEC, and analyst ratings, to rank financial experts in real time. [1] [2] [3]

Contents

The company operates a website and mobile app platform that offer free and paid subscriptions for stock market research. The platform supplies alternative financial data to retail investors. This data includes aggregated analyst ratings, financial blogger opinions, risk factors, [4] insider trading, [5] and a stock score called the Smart Score. [6]

TipRanks provides data about the U.S., Canadian, UK, Australian, and German markets. [7]

Additionally, TipRanks tracks and ranks financial experts, including sell-side financial analysts, financial bloggers, corporate insiders, hedge fund managers, and individual investors, and makes this information publicly available. [8] [9]

TipRanks’ data is also available through banks and brokers. E*TRADE, TD Ameritrade, eToro, Santander Bank, Interactive Brokers, CIBC, Questrade, TD Direct, Futu and Nasdaq.com, and other finance companies integrate TipRanks tools onto their platforms.

The company's headquarters is located in Tel Aviv.

History

TipRanks was founded in June 2012 by Uri Gruenbaum and Gilad Gat. [10] They teamed up with Roni Michaely, a finance professor at Cornell University, to create the company. [11] TipRanks was initially available only as a browser extension [2] in a freemium model. In 2013, the company launched its first service - the Financial Accountability Engine - to ensure transparency of online investment recommendations. In the same year, TipRanks won two Finovate awards for disruptive innovation in the financial research field. [12]

In 2014, former New York governor Eliot Spitzer invested in the company and joined its board of directors. That same year, TipRanks launched a website offering rankings of analysts, bloggers and insiders. [13] Israel’s biggest bank, Bank Hapoalim, launched a new service designed to help customers who trade in the United States make rational investment decisions, using TipRanks technology. [14]

Later that year TipRanks CEO Uri Gruenbaum appeared with Eliot Spitzer on CNBC. They demonstrated TipRanks’ abilities by ranking the best and worst analysts of the year, according to TipRanks. [15]

In 2015, TipRanks took top prize at the IBM Watson Hackathon in Israel. [16]

In 2016, TipRanks was selected as an Emerging Star by KPMG and H2 Ventures in their Fintech 100 Leading Global Fintech Innovators list. [17]

In 2018, TipRanks announced that it was expanding its coverage to the Canadian markets. [18]

In 2020, TipRanks expanded its coverage to the UK markets. [19]

That same year, The Telegraph used data from TipRanks in its investment reporting for the first time. [20]

In 2021, TipRanks launched a new tool that presents the risk factors of publicly traded companies. [21] That same year, the company announced the launch of a new tool that presents an analysis of website traffic of publicly traded companies. [22]

Also in 2020, Bloomberg used TipRanks data about corporate insider trading in an article about how the stock market is rigged. [5]

In April of 2021, the company announced that it has raised a $77 million venture capital funding round. [23]

In 2022, TipRanks launched country-specific websites for the UK, Canada  and Australia.

Top Analysts of the Year

Every year, TipRanks announces the best performing analysts of the year in the US, Canada, and UK.

Charity

TipRanks volunteers and provides financial support to Amcha, an organization that provides psychological support to Holocaust survivors and their families. [27]

Awards

Related Research Articles

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The mutual fund scandal of 2003 was the result of the discovery of illegal late trading and market timing practices on the part of certain hedge fund and mutual fund companies.

A financial analyst is a professional, undertaking financial analysis for external or internal clients as a core feature of the job. The role may specifically be titled securities analyst, research analyst, equity analyst, investment analyst, or ratings analyst. The job title is a broad one: in banking, and industry more generally, various other analyst-roles cover financial management and (credit) risk management, as opposed to focusing on investments and valuation; these are also discussed in this article.

Sell side is a term used in the financial services industry. The three main markets for this selling are the stock, bond, and foreign exchange market. It is a general term that indicates a firm that sells investment services to asset management firms, typically referred to as the buy side, or corporate entities. The sell side and the buy side work hand in hand and each side could not exist without the other. These services encompass a broad range of activities, including broking/dealing, investment banking, advisory functions, and investment research.

Professor Roni Michaely is an SFI professor of finance at Geneva Finance Research Institute at the University of Geneva. Before that he was a Rudd Family Professor of Management and a professor of finance at Cornell University's Johnson Graduate School of Management. He obtained his PhD from New York University.

<span class="mw-page-title-main">StockTwits</span> Social media site for investors

StockTwits is a social media platform designed for sharing ideas between investors, traders, and entrepreneurs. The company was co-founded by Howard Lindzon and Soren Macbeth in 2009. The company received the first Shorty Award in the 2008 finance category. Time magazine listed the company as one of its 2010 "50 best websites." The company was also named one of the "top 10 most innovative companies in finance" in 2012 by FastCompany. In June 2013, StockTwits had 230,000 active members. By mid-2019, that figure had increased to 2 million, and the company premiered free online trading via an iOS app. In 2022, the Stocktwits platform added crypto and equities trading to the platform.

<span class="mw-page-title-main">Plus500</span> British international financial firm

Plus500 is a global fintech firm providing online trading services in contracts for difference (CFDs), share dealing, futures trading and options on futures. The company has subsidiaries in the UK, Cyprus, Australia, Israel, Seychelles, Singapore, Bulgaria, Estonia, the United States and Japan. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

LendInvest is a non-bank mortgage lender in the UK, and is a property lending and investing platform. As an alternative Fintech lender in the property market, LendInvest provides finance to property professionals and small and medium-sized businesses (SMEs) around the UK. It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team.

SoFi Technologies, Inc. is an American online personal finance company and online bank. Based in San Francisco, SoFi provides financial products including student and auto loan refinancing, mortgages, personal loans, credit card, investing, and banking through both mobile app and desktop interfaces.

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<span class="mw-page-title-main">Fintech</span> Subset of technologies used in finance

Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.

Hedgeable, Inc. is a U.S. based financial services company and digital wealth management platform headquartered in New York City. Hedgeable doesn’t follow set allocations, but actively manages accounts in response to market movements.

markets.com, is a global trading brand owned by Finalto Group. markets.com is an electronic trading platform for trading on the foreign exchange market, commodity market, cryptocurrency market, stock market, ETFs and bonds through Contracts for Difference (CFDs) and in the UK & Ireland, Spread Bets along with CFDs.

Voleo is a Canadian-based financial services company, headquartered in Vancouver, BC. Voleo is transforming retail investing through its collaborative investment club platform. Voleo enables users to form investment clubs with people they trust to democratically manage a portfolio in publicly traded securities. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy.

<span class="mw-page-title-main">Karvy Corporate</span> Indian financial services company

Karvy Group is a financial services company in India. It was involved in financial services like equity, commodities trading, depository and wealth services and distribution of other financial products. It has its headquarters in Hyderabad. It also had branch offices outside India in Bahrain, Dubai, Malaysia, Philippines and the United States. Scams perpetrated during 2019 involving Karvy Stock Broking Limited(KSBL), a group company led to the filing of criminal cases against the Chairman and others. This led to the banning of KSBL by the regulator.

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<span class="mw-page-title-main">BUX (brokerage)</span> Amsterdam-based financial services company

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References

  1. ↑ "Analyst-Ranking App Geared Toward Retail Investors". 9 April 2013.
  2. 1 2 Donna Fuscaldo. "Taking the Guess Work Out of Online Stock Surfing". Fox Business.
  3. ↑ "Spitzer Returns, Taking Aim Again at Financial Analysts". nytimes.com.
  4. ↑ Press, Gil. "TipRanks Levels The Playing Field For The Average Investor". Forbes. Retrieved 2022-10-11.
  5. 1 2 Vaughan, Liam (29 September 2021). "'Most Americans Today Believe the Stock Market Is Rigged, and They're Right'". www.bloomberg.com. Retrieved 2022-10-11.
  6. ↑ "What Do Stock Analyst Ratings Mean? A Translator Might Help". 9 December 2020.
  7. ↑ Cohen, Tova (9 April 2013). "Israel's TipRanks rates analysts' stock advice for investors". Reuters.
  8. ↑ Mike Hogan (25 May 2013). "New Services for Stock-Market Recommendations; Earnings Estimates - Barron's". barrons.com.
  9. ↑ William L. Watts. "Eliot Spitzer backs analyst-ranking firm". MarketWatch.
  10. ↑ "About TipRanks". TipRanks :: Know who to trust.
  11. ↑ "Holding Analysts Accountable for Stock Recommendations". Johnson at Cornell.
  12. ↑ "Tel Aviv-based start-up TipRanks takes top prize at Finovate". The Jerusalem Post - JPost.com.
  13. ↑ "Spitzer Returns, Taking Aim Again at Financial Analysts". nytimes.com.
  14. ↑ 2014 Bank Hapoalim Annual Report 2014
  15. ↑ "Find the best analysts on Wall Street". 5 January 2015.
  16. 1 2 Penn, David (2015-06-17). "TipRanks Takes Top Prize at IBM Watson Hackathon in Israel". Finovate. Retrieved 2022-10-11.
  17. 1 2 2016 FINTECH100. Leading Global Fintech Innovators (PDF). KPMG. 2016.
  18. ↑ "TipRanks Research Tools Are Going Global". TipRanks Financial. Retrieved 2022-10-11.
  19. ↑ "Top UK Stocks & Analysts Recommendations 2021". DailyBusiness. 2020-12-07. Retrieved 2022-10-11.
  20. ↑ Jones, Jonathan (2020-12-20). "The five stocks expected to make the biggest returns in 2021". The Telegraph. ISSN   0307-1235 . Retrieved 2022-10-11.
  21. ↑ Rosenfeld, Liran (6 August 2021). "Here's How Top U.S. Companies Stack Up on Risk Factors, Post-Earnings". Yahoo Finance.
  22. ↑ "New Feature: Estimated Website Traffic Analysis - TipRanks". TipRanks Financial. Retrieved 2022-10-11.
  23. ↑ "TipRanks Secures $77 Million in a Prytek-Led Funding Round". Finance Magnets. Finance Magnets. Retrieved 26 July 2021.
  24. ↑ Tipranks.com, Brock Ladenheim. "These five analysts were the best performers of 2021". CNBC. Retrieved 2022-10-12.
  25. ↑ Ladenheim, Brock (2022-01-11). "The most accurate Canadian stock analysts of 2021". The Globe and Mail. Retrieved 2022-10-12.
  26. ↑ "TipRanks identifies top UK analysts and their stock recommendations for 2021". www.wealthadviser.co. 2020-12-07. Retrieved 2022-10-12.
  27. ↑ "ניצולי השואה חוגגים את חג הפורים במועדון "עמך" בתל אביב יחד עם עובדי חברת ההייטק TipRanks, חיילי טייסת 100 ועובדי בנק הפועלים. | עמך". www.amcha.org. Retrieved 2022-10-12.
  28. ↑ "Finovate Fall 2013 Best of Show Winners". JPNicols.com. 12 September 2013.
  29. ↑ "Finovate: TipRanks Archives". finovate.com. 23 July 2014.
  30. ↑ "TipRanks Wins Best of Show Award at Finovate". businesswire.com. 20 May 2013.
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