TipRanks

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TipRanks
Founded2012
FounderUri Gruenbaum
Gilad Gat
HeadquartersTel Aviv,
Israel
Servicesfintech
Websitehttps://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]

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[edit]

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 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[edit]

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

Awards[edit]

  • 2013 Finovate spring contest for its Financial Accountability Engine[27]
  • 2013 Finovate fall contest for its Financial Accountability Engine’s coverage of financial blogger recommendations[28][29]
  • 2015 Winner of IBM Watson Hackathon[16]
  • 2016 Leading Global Fintech Innovators according to Fintech 100, H2 Ventures KPMG[17]

External links[edit]

References[edit]

  1. ^ "Analyst-Ranking App Geared Toward Retail Investors". 9 April 2013.
  2. ^ a b 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. ^ a b 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. ^ a b Penn, David (2015-06-17). "TipRanks Takes Top Prize at IBM Watson Hackathon in Israel". Finovate. Retrieved 2022-10-11.
  17. ^ a b 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. ^ "Finovate Fall 2013 Best of Show Winners". JPNicols.com. 12 September 2013.
  28. ^ "Finovate: TipRanks Archives". finovate.com. 23 July 2014.
  29. ^ "TipRanks Wins Best of Show Award at Finovate". businesswire.com. 20 May 2013.
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