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
Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...
experts in real time.
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, insider trading, and a stock score called the Smart Score.
TipRanks provides data about the U.S., Canadian, UK, Australian, and German markets.
Additionally, TipRanks tracks and ranks financial experts, including sell-side
financial analysts
A financial analyst is a professional undertaking financial analysis for external or internal clients as a core feature of the job.
insiders, hedge fund managers, and individual investors, and makes this information publicly available.
TipRanks' data is also available through banks and brokers.
E-Trade
E*TRADE is an investment brokerage and electronic trading platform that operates as a subsidiary of Morgan Stanley.
History
In 1982, physicist William A. Porter and Bernard A. Newcomb founded TradePlus in Palo Alto, California, with $15,00 ...
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TD Ameritrade
TD Ameritrade Holding Corporation was a stockbroker that offered an electronic trading platform for the trade of financial assets. The company was founded in 1975 as First Omaha Securities. In 2006, it acquired the United States operations of TD ...
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eToro
eToro Group Ltd. is an Israel, Israeli multi-asset Investment management, investment and social trading company focused on providing Financial trading, financial services. eToro was founded in 2007 in Tel Aviv by Yoni Assia, Ronen Assia, and Da ...
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Santander Bank
Santander Bank, N. A. () is an American bank operating as a wholly-owned subsidiary of the Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States. It has $57.5 billion in deposits, operates abou ...
,
Interactive Brokers
Interactive Brokers, Inc. (IB) is an American multinational corporation, multinational brokerage firm headquartered in Greenwich, Connecticut, Greenwich, Connecticut. It operates the largest electronic trading platform in the United States by ...
,
CIBC
The Canadian Imperial Bank of Commerce (CIBC; ) is a Canadian Multinational corporation, multinational banking and financial services corporation headquartered at CIBC Square in the Financial District, Toronto, Financial District of Toronto, Ont ...
, 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. They teamed up with Roni Michaely, a finance professor at
Cornell University
Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...
, to create the company. TipRanks was initially available only as a browser extension in a
freemium
Freemium, a portmanteau of the words "free" and "premium", is a pricing strategy by which a basic product or service is provided free of charge, but money (a premium) is charged for additional features, services, or virtual (online) or physical ( ...
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.
In 2014, former
New York
New York most commonly refers to:
* New York (state), a state in the northeastern United States
* New York City, the most populous city in the United States, located in the state of New York
New York may also refer to:
Places United Kingdom
* ...
governor
Eliot Spitzer
Eliot Laurence Spitzer (born June 10, 1959) is an American politician and attorney who served as the 54th governor of New York from 2007 until his resignation in 2008 after a prostitution scandal. A member of the Democratic Party, he was also ...
invested in the company and joined its board of directors. That same year, TipRanks launched a website offering rankings of analysts, bloggers and insiders. Israel’s biggest bank,
Bank Hapoalim
Bank Hapoalim ( lit. ''The Workers' Bank'') is one of the largest banks in Israel, established in 1921. The bank offers a broad range of financial services to retail, corporate, and institutional customers, with a focus on retail banking services. ...
, launched a new service designed to help customers who trade in the United States make rational investment decisions, using TipRanks technology.
Later that year TipRanks CEO Uri Gruenbaum appeared with Spitzer on
CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...
. They demonstrated TipRanks' abilities by ranking the best and worst analysts of the year, according to TipRanks.
In 2015, TipRanks took top prize at the
IBM Watson
IBM Watson is a computer system capable of answering questions posed in natural language. It was developed as a part of IBM's DeepQA project by a research team, led by principal investigator David Ferrucci. Watson was named after IBM's fou ...
Hackathon in Israel.
In 2016, TipRanks was selected as an Emerging Star by
KPMG
KPMG is a multinational professional services network, based in London, United Kingdom. As one of the Big Four accounting firms, along with Ernst & Young (EY), Deloitte, and PwC. KPMG is a network of firms in 145 countries with 275,288 emplo ...
and H2 Ventures in their Fintech 100 Leading Global Fintech Innovators list.
In 2018, TipRanks announced that it was expanding its coverage to the Canadian markets.
In 2020, TipRanks expanded its coverage to the UK markets.
That same year,
The Telegraph
''The Telegraph'', ''Daily Telegraph'', ''Sunday Telegraph'' and other variant names are often names for newspapers. Newspapers with these titles include:
Australia
* The Telegraph (Adelaide), ''The Telegraph'' (Adelaide), a newspaper in Adelaid ...
used data from TipRanks in its investment reporting for the first time.
In 2021, TipRanks launched a new tool that presents the risk factors of publicly traded companies. That same year, the company announced the launch of a new tool that presents an analysis of website traffic of publicly traded companies.
Also in 2020,
Bloomberg
Bloomberg may refer to:
People
* Daniel J. Bloomberg (1905–1984), audio engineer
* Georgina Bloomberg (born 1983), professional equestrian
* Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician a ...
used TipRanks data about corporate insider trading in an article about how the stock market is rigged.
In April of 2021, the company announced that it has raised a $77 million venture capital funding round.
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.
* US 2021
* Canada 2021
* UK 2020
Awards
* 2013 Finovate spring contest for its Financial Accountability Engine
* 2013 Finovate fall contest for its Financial Accountability Engine’s coverage of financial blogger recommendations
* 2015 Winner of IBM Watson Hackathon
* 2016 Leading Global Fintech Innovators according to Fintech 100, H2 Ventures KPMG