2023 Record Revenues of $1.9 billion, up 37% year-over-year, including $471 million in Q4 Net positive transfers from every major brokerage competitor fuels strong Net Deposits of $4.6 billion in Q4 Q… But things could be turning around as bitcoin’s bull run spurs more activity on the platform. Robinhood (HOOD) soars higher after beating Wall Street expectations on the top and bottom lines in its fourth-quarter earnings, posting $471 million in revenue versus an expected $457 million, and ad…
Robinhood Markets, Inc. operates a financial services platform. The Company offers brokerage and cash management applications such as stocks, exchange-traded funds, options, and cryptocurrency. Robinhood Markets, Inc. is an online stock brokerage company with a stock-trading app aimed at young and newer investors. As the privately-held company grew in popularity, primarily from offering its zero-commission trades, Robinhood decided to «go public» through an initial public offering, or IPO, in July 2021.
Stock Lunch: HOOD, C & X
Robinhood stock is a stock that trades under the symbol HOOD on the Nasdaq stock exchange. When you buy stocks, you’re buying fractional ownership in a company. Therefore, shareholders of HOOD stock get to share in the profit of the company through share price appreciation and dividends. Robinhood shares soared Thursday after the company reported a massive uptick in retail investor activity amid the stock market and cryptocurrency boom. Robinhood Markets, Inc. is an online brokerage that offers zero-commission trading of stocks, ETFs, and cryptocurrency. Although trading is free for its customers, Robinhood makes money from market makers and high-frequency trading firms who pay Robinhood for order flow from retail traders.
Stock and crypto trading volumes at Robinhood rise sharply in February. «What we expect now is the risk-on side of the market to turn on, and I think crypto is going to play a big part of that,» Bernstein analyst Gautam Chhugani said in a CNBC interview. «We expect the crypto market to triple from here to go to almost $7.5 trillion in terms of market cap. And given, obviously, that Robinhood is among the few brokers who provide a full-suite crypto platform, we expect that flexibility to kick in.»
On its first day of trading, shares of HOOD fell by 8% and largely remained below its IPO price during the first week. Robinhood Markets, Inc. operates financial services platform in the United States. «Robinhood’s 11 million active customers are active traders, they are young, they are self-directed, they trade equity options, which are their bread and butter,» Chhugani said. «The propensity for that kind of customer base to trade crypto is fairly high because it kind of suits their demographic… I don’t think the other broker platforms have that.» Robinhood’s value proposition is to make stock trading accessible to the everyday investor, not just wealthy individuals and institutional traders. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies.
HOOD Robinhood Markets, Inc.Stock Price & Overview
For reference, between 2016 and 2021, accounts opened at Robinhood accounted for half of all new brokerage accounts opened in the U.S. When trades are being executed in massive scale, the small amount that Robinhood gets paid from order flow adds up. Vlad Tenev, Robinhood CEO, joins ‘The Exchange’ with CNBC’s Kate Rooney to discuss retaining Robinhood customers on the platform, the company’s shifting demographic, https://www.dowjonesrisk.com/ and more. Robinhood’s stock rose on Wednesday after the company posted upbeat monthly data for February. Bernstein analysts this week said that bitcoin’s latest rally solidifies their view that the crypto will rise to $150,000 by the middle of next year, an outlook they first gave at the end of last year. Dan Dolev, Mizuho senior analyst, joins ‘Closing Bell Overtime’ to talk Robinhood earnings.
- After the retail trading boom of the pandemic catapulted the company into the spotlight, trading declined as lockdowns eased and people ran out of stimulus money to bet on the stocks and crypto.
- Robinhood Markets, Inc. is an online brokerage that offers zero-commission trading of stocks, ETFs, and cryptocurrency.
- Create a free account to gain access to news, analysis, and real-time alerts on the stocks you follow.
- 2023 Record Revenues of $1.9 billion, up 37% year-over-year, including $471 million in Q4 Net positive transfers from every major brokerage competitor fuels strong Net Deposits of $4.6 billion in Q4 Q…
- When you buy stocks, you’re buying fractional ownership in a company.
Earnings reports moved several components of the FinTech IPO significantly higher — and lower — and took the overall index up 4.6% through the past week. According to 13 analysts, the average rating for HOOD stock is «Hold.» The 12-month stock price forecast is $15.5, which is a decrease of -14.60% from the latest price. Create a free account to gain access to news, analysis, and real-time alerts on the stocks you follow.
Robinhood stock soars on Q4 earnings beat, crypto trading rises 10% year-over-year
Robinhood Markets shares climbed nearly 13% in premarket trading on Thursday after the brokerage reported strong growth in assets under custody for the month of February, signaling continued boost fro… After the retail trading boom of the pandemic catapulted the company into the spotlight, trading declined as lockdowns eased and people ran out of stimulus money to bet on the stocks and crypto. One of the big concerns for investors in Coinbase Global is that, despite the company having a role in many of the spot bitcoin exchange-traded funds that were launched, the new way of acquiring crypt… A monthly update from the company showed total crypto trading volumes were up 86% year-over-year in February compared to the year before, more than the 41% increase in equities trading and 33% increase in options activity. Before its IPO, Robinhood’s business enjoyed tremendous popularity and growth, primarily driven by its pioneering zero-commission trades and explosion of so-called «meme stock» trading, highlighted by the GameStop (GME) stock phenomenon in 2020 and 2021. Robinhood Markets Inc.’s stock roared more than 10% higher in the after-hours session Tuesday after the online trading platform swung to a quarterly profit and topped Wall Street expectations for its …
Robinhood Markets, Inc. to Present at the JMP Securities Technology Conference on March 4, 2024
Trading platform Robinhood is partnering with Klutch Sports Group, the firm founded by LeBron James’ agent Rich Paul, and adding Paul to its board.
Robinhood has its eyes on new products and new markets as it builds for the future. The stock trading and investing app is focused on winning the active trader market, increasing wallet share by deepe… Robinhood stock could be a big beneficiary of the bitcoin boom that’s revitalizing the crypto market, with one analyst eyeing a jump of as much as 66% as customers of the popular trading app buy and sell more tokens. Robinhood Markets, Inc. is a financial services company founded in April 2013 and headquartered in Menlo Park, CA. Headed by founders and co-CEOs, Vladimir Tenev and Baiju Bhatt, Robinhood is best known for its pioneering zero-commission trades of stocks, exchange-traded funds (ETF), and cryptocurrency via their mobile app, introduced in March 2015. The Robinhood IPO made its debut on the Nasdaq stock exchange on July 29, 2021, at an initial price of $38 per share, with 58 million shares sold.
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