Subscribers to Schaeffer's Weekend Trader options recommendation service received this HOOD commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.Shares of trading platform Robinhood Markets Inc (NASDAQ:HOOD) hit a new 52-week high this past week. The stock pushed above $37, the site of a 38.2% Fibonacci retracement of its 2021 post-initial public ...

MENLO PARK, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for November 2024: Funded Customers at the end of November were 24.8 million (up approximately 420 thousand from October 2024, up approximately 1.5 million year-over-year).Assets Under Custody (AUC) at the end of November were $195 billion (up 22% from October 2024, up 106% year-over-year). Net Deposits were $5.6 billion in November, translating to a 42% ann ...

Core Insights - Robinhood is experiencing significant customer growth, which is expected to drive the company's growth into 2025 [1] - The company reported impressive increases in assets under custody and deposits in November, indicating strong operational momentum [1] Company Performance - The announcement highlighted the rapid growth in customer engagement and financial metrics, suggesting a positive outlook for Robinhood's future [1] - The operational momentum is likely to be sustained due to the influx of new customers and increased deposits [1]

Core Insights - Robinhood's stock price has surged over 330% this year, indicating a significant rebound from previous lows, attracting renewed interest from analysts and institutional investors [1] - The company is undergoing a strategic shift, highlighted by its $300 million acquisition of TradePMR, marking an expansion into the wealth management sector [2][3] - Despite revenue growth of 36.4% year-over-year to $637 million in Q3 FY2024, challenges such as a decline in monthly active users (MAUs) and reliance on net interest income pose risks [7][8][9] Strategic Shift - The acquisition of TradePMR signifies a move beyond Robinhood's initial focus on novice investors, aiming to cater to a more sophisticated customer base [2][4] - This strategic decision is a response to the evolving needs of Robinhood's users, who are seeking personalized financial advice as they mature financially [4] - The integration of TradePMR is intended to connect Robinhood's young user base with registered investment advisors (RIAs), positioning the company to compete in the wealth management sector [4][5] Financial Performance - Robinhood's Q3 FY2024 earnings report shows total revenue of $637 million, with net interest revenue contributing $274 million, highlighting the company's dependence on interest rates [7][8] - Monthly active users increased by 7% year-over-year to 11 million, but this is a decline from the peak of 17.3 million in 2021, impacting transaction-based revenue [9] - Transaction-based revenue totaled $319 million in Q3 2024, with significant contributions from options ($202 million, up 63% YoY) and cryptocurrencies ($61 million, up 165% YoY) [9] Analyst Sentiment - Analyst price targets for Robinhood range from $9.50 to $40.00, reflecting uncertainty about the company's ability to execute its wealth management pivot while serving active retail traders [10] - Recent insider trading activity, including significant stock sales by CEO Vladimir Tenev, raises speculation about underlying concerns within the company [11] Future Outlook - Robinhood's long-term success depends on reversing the declining MAU trend and effectively integrating TradePMR into its platform [12] - The company aims to attract more active traders and diversify revenue streams through new financial products and tools [12] - However, competition in the financial services industry remains intense, and the company must demonstrate effective execution of its strategic plans [12]

Core Viewpoint - Robinhood's stock has experienced significant volatility, with a 90% decline from its all-time high in 2022, followed by a 315% recovery from its 52-week low, but key risks may limit future growth potential [2][11]. Revenue and User Metrics - Robinhood's transaction revenue peaked at $451 million in Q2 2021 but has since declined, with Q3 2024 revenue at $319 million, down from both Q1 and Q2 2024 [4][5]. - Monthly active users have decreased to 11 million in Q3 2024, a 48% drop from the 2021 peak, indicating a potential loss of platform appeal [5]. Interest Income and Economic Factors - The U.S. Federal Reserve raised interest rates from 0.13% to 5.33% between March 2022 and August 2023, benefiting Robinhood's interest income [7]. - Robinhood's net interest revenue reached an all-time high of $285 million in Q2 2024 but fell to $274 million in Q3 2024, with expectations of further declines due to recent rate cuts [9][10]. Valuation Concerns - Robinhood's price-to-sales (P/S) ratio has risen to 12.1, a 59% premium over its long-term average of 7.6, despite declining transaction revenue and potential decreases in net interest revenue [11][12]. - The current valuation may not be justified given the company's revenue trends, suggesting that new investors could face risks if revenue does not meet expectations [12].

Robinhood Markets, Inc. (NASDAQ:HOOD) Wolfe Research Wealth Symposium November 13, 2024 11:45 AM ET Company Participants Jason Warnick - CFO Conference Call Participants Steven Chubak - Wolfe Research Steven Chubak All right. So good morning, everybody. Thanks, everybody, both in the room and on the webcast for joining us today. My name is Steven Chubak. I cover the diversified banks, brokers and alternative asset managers. It's quite a mouthful at Wolfe Research. I'm really excited to introduce our next sp ...

Malka Meyer, a director at Robinhood Markets, Inc. (NASDAQ: HOOD), recently sold a substantial portion of his holdings, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).On November 6, 2024, Meyer offloaded a total of 321,218 shares of Robinhood’s Class A Common Stock at an average price of $30.0054, generating approximately $9.64 million in proceeds.Form 4 filing detailing Malka Meyer’s sale of HOOD stock. Source: SECThe following day, on November 7, he sold an additional 105, ...

MENLO PARK, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for October 2024: Funded Customers at the end of October were 24.4 million (up approximately 90 thousand from September 2024, up over one million year-over-year).Assets Under Custody (AUC) at the end of October were $159.7 billion (up 5% from September 2024, up 89% year-over-year). Net Deposits were $5.2 billion in October, translating to a 41% annualized gr ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.After a substantial post earnings drop, Robinhood Markets, Inc. (NASDAQ: NASDAQ: HOOD ) watched its share price skyrocket last week post election. The com ...

Robinhood Markets, Inc. (HOOD) shares have surged 30% since the beginning of this month and touched a 52-week high of $30.63 during Friday’s trading session. Over the past three months, the stock has surged 64.7%, outperforming the industry, the S&P 500 Index and its close peers — The Charles Schwab Corporation (SCHW) and LPL Financial Holdings Inc. (LPLA) .Three-Month Price PerformanceImage Source: Zacks Investment ResearchDoes HOOD stock have more upside left despite hitting a 52-week high? Let’s try to d ...