Shares of Robinhood Markets Inc (NASDAQ:HOOD) are up 3.2% at $27.93 at last glance, and trading at nearly three-year highs. The trading platform today announced that users, if meeting certain criteria such as U.S. citizenship, can trade contracts to bet on the U.S. presidential election. On the charts, Robinhood stock is above all moving averages between the 20- and 320-day trendlines, with recent support from the former. Now trading at its highest levels since Nov. 2021, the equity is up 118.8%. Though cal ...

Robinhood Markets (HOOD) is slated to announce third-quarter 2024 results on Oct 30, after market close. One of the HOOD's peers, Tradeweb Markets Inc. (TW) , is also scheduled to announce quarterly numbers on the same day. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Robinhood's second-quarter performance was impressive. Results benefited from the trading surge especially the crypto-trading boom, higher net interest income and a jump in Gold subscribers. This drove the company' ...

In this articleHOODNDAQICEThe New York Stock Exchange is seen during morning trading on October 04, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesThe New York Stock Exchange, owned by Intercontinental Exchange, wants to do trading 22 hours a day during the week. Is that good for the markets? The Big Board announced on Friday that it was seeking approval to expand trading on its electronic Arca platform from 16 hours a day to 22 hours a day (pausing between 11:30 p.m. and 1:30 ...

The upcoming report from Robinhood Markets, Inc. (HOOD) is expected to reveal quarterly earnings of $0.18 per share, indicating an increase of 300% compared to the year-ago period. Analysts forecast revenues of $661.21 million, representing an increase of 41.6% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 5.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates ...

The market expects Robinhood Markets, Inc. (HOOD) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these ...

In the latest market close, Robinhood Markets, Inc. (HOOD) reached $27.41, with a +1.63% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.05%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.18%.Shares of the company witnessed a gain of 18.81% over the previous month, beating the performance of the Finance sector with its loss of 4.85% and the S&P 500's gain of 2.76%.The investment community will be closely monitoring the performance of Robin ...

Piper Sandler analyst Patrick Moley maintained an Overweight rating on Robinhood Markets, Inc HOOD and raised the firm's price target to $30 from $27. The price target represents ~8 times Moley's new 2026 revenue EPS estimate (up from ~7 times 2026 previously) to reflect the incremental revenue opportunity presented by adding index options & futures. Last week, Robinhood hosted its first inaugural Robinhood Markets Summit 2024 and introduced several new products to its customer base. Also Read: Microsoft, S ...

In this articleHOODTthe Robinhood logo is displayed on a smartphone screen.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesLONDON — Robinhood said Monday that it's rolling out margin investing — the ability for investors to borrow cash to augment their trades — in the U.K.The U.S. online investment platform said that the option would allow users in the U.K. to leverage their existing asset holdings as collateral to purchase additional securities.The launch of margin trading follows the recent appr ...

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Robinhood Markets, Inc. (HOOD) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Robinhood Markets, Inc. is one of 871 individual stocks in the Finance sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring ...

Core Viewpoint - The recent selling of Robinhood Markets Inc. stock by Cathie Wood from ARK Invest has raised concerns among investors, despite the company's strong growth metrics and potential for future gains [1][2]. Group 1: Company Performance - Robinhood reported a record revenue of $682 million, marking a 40% increase year-over-year [3]. - The company achieved a high operating margin of 27.8% this quarter, resulting in a net income growth from $25 million to $188 million, a rise of 652% [3]. - Earnings per share (EPS) increased from $0.03 to $0.21 in the same period [3]. Group 2: Customer and Asset Growth - Funded customers rose to 24.3 million, an increase of one million year-over-year and 60,000 in the past month [4]. - Assets under custody increased to $143.6 billion, up 60% year-over-year, driven by $37.5 billion in deposits [4]. - Interest revenues rose to $539 million, a 22% increase from $442 million the previous year [4]. Group 3: Market Sentiment and Analyst Ratings - Despite Cathie Wood's selling of $5.7 million worth of Robinhood stock, analysts at Bank of America reiterated a Buy rating with a price target of $32, indicating a 20% upside potential [6]. - Renaissance Technologies increased their holdings in Robinhood by 37.7%, bringing their net position to $173.8 million [6]. - The stock currently has a "Hold" rating among analysts, with some suggesting that other stocks may present better buying opportunities [7].