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]

There is an unavoidable risk on the horizon for Robinhood.Robinhood Markets (HOOD 0.31%) went public in 2021 at $38 per share and quickly rocketed to an all-time high of $85. Investors rewarded the company's ability to attract young, first-time investors who wanted to trade financial assets like stocks and options contracts to its platform.However, the bear market during 2022 spooked many of Robinhood's clients, and its stock subsequently plunged by more than 90% from its record high. A recovery is now unde ...

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 ...

MENLO PARK, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- November 7, 2024 (GLOBE NEWSWIRE) – Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced that it will be participating in the upcoming Wolfe Research Wealth Symposium on Wednesday, November 13, 2024. Robinhood Chief Financial Officer Jason Warnick is scheduled to present on Wednesday, November 13, 2024, at 11:45 AM ET / 8:45 AM PT. Interested parties may access a live audio webcast of the presentation by visiting investors.robinhood.com. ...

Robinhood's earnings weren't great, but they didn't deserve the market's reaction.Robinhood (HOOD 17.87%) jumped on Wednesday, but the bigger move came last week after the company reported earnings. The report wasn't great, but investors should look at the company's long-term potential, which Travis Hoium covers in this video.*Stock prices used were end-of-day prices of Nov. 5, 2024. The video was published on Nov. 5, 2024. ...

Investment Rating - The report maintains a "Buy" rating for Robinhood (HOOD) [2][3] Core Insights - The Q3 performance of Robinhood was below expectations, with revenue of $637 million, a year-over-year increase of 36% but a quarter-over-quarter decrease of 7%. The GAAP net profit was $150 million, marking a return to profitability. The company expects to maintain its annual expense guidance of $1.85 to $1.95 billion [3][7] - Despite the overall performance being below market expectations, several operational metrics showed strong growth, including assets under custody reaching a new high of $152.2 billion, a year-over-year increase of 76% and a quarter-over-quarter increase of 6%. The number of Gold members reached 2.19 million, with a subscription rate of 9% [3][9] - October data trends are promising, with net inflows exceeding $4 billion, stock trading volumes hitting a three-year high, and cryptocurrency trading volumes expected to exceed $5 billion, indicating a strong foundation for Q4 performance [3][12] Summary by Sections Financial Performance - In Q3 2024, Robinhood reported revenue of $637 million, a year-over-year increase of 36% and a quarter-over-quarter decrease of 7%. The GAAP net profit was $150 million, with an EPS of $0.17, which was below market expectations. The company also indicated a continued guidance for annual expenses between $1.85 billion and $1.95 billion [3][8][7] Operational Metrics - The assets under custody reached $152.2 billion, reflecting a year-over-year growth of 76% and a quarter-over-quarter growth of 6%. The average assets per funded customer increased to $6,300. The number of Gold subscribers was 2.19 million, with a subscription rate of 9% and a monthly active user count of 11 million, representing a year-over-year growth of 7% [3][9][11] Future Outlook - The report projects revenues for 2024, 2025, and 2026 to be $2.6 billion, $3.4 billion, and $4.0 billion respectively, with GAAP net profits of $691 million, $1.3 billion, and $1.7 billion. The corresponding P/E ratios are expected to be 30.6x, 16.1x, and 12.5x. The continuous development phase and product upgrades support a positive outlook for Robinhood's future performance [3][15][6]