Valuation is also important, so investors should note that Robinhood Markets, Inc. has a Forward P/E ratio of 36.03 right now. This represents a premium compared to its industry's average Forward P/E of 18.17. To follow HOOD in the coming trading sessions, be sure to utilize Zacks.com. Investors will be eagerly watching for the performance of Robinhood Markets, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.16, signifying a 433.33% increase compared to the same quart ...

Robinhood also makes money by investing users' cash deposits at a higher interest rate, margin lending, stock lending, its Gold subscription suite of services, and through a crypto business. The company also launched its first credit card in 2024, which will also bring in revenue. In its most recent filing for the fiscal year ending Dec. 31, 2023, Robinhood posted a net loss of $541 million compared with a net loss of over $1 billion for the prior-year end, as well as a 37.3% year-over-year (YOY) growth in ...

Robinhood (HOOD) In its Q1 report, the company announced a GAAP EPS of 18 cents, surpassing expectations by a notable 12 cents. Moreover, its revenues shot up $618 million, marking a substantial 40.1% increase year-over-year (YOY). Also, transaction-based revenues surged by 59%, buoyed by a remarkable 232% surge in crypto revenues to $126 million. Additionally, HOOD announced its first-ever stock buyback program. The company plans to repurchase $1 billion of its shares over the next three years, underscorin ...

Core Viewpoint - Robinhood is expanding its services to include 24-hour trading, indicating a significant shift in the digital brokerage landscape [1] Group 1: Company Developments - Robinhood has established itself as a leader in digital brokerage and is now venturing into 24-hour trading [1] - The CEO of Robinhood has a broad vision for the potential of 24-hour trading, suggesting it may become a common practice in the near future [1] Group 2: Industry Implications - The move towards 24-hour trading could reshape the digital brokerage industry, potentially increasing competition and altering trading behaviors [1]

Seeking AlphaQ I last wrote a bullish article on Robinhood in April, when the stock was on a temporary dip and trading in the high teens. At the time, I had encouraged investors to buy, noting that market volatility will come and go in waves, but Robinhood's continued push for more deposits will ultimately lay out the foundation for its long-term growth trajectory. Even after the sharp rally since then, I am reiterating my buy rating on Robinhood - there's plenty of steam left in this rally, especially afte ...

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Robinhood Markets, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our resea ...

At the time, shares of the stock trading platform had just broke out above the $19 level, which is half its initial public offering (IPO) price and coincides with a 50% year-to-date gain. A retest of that level presented a good entry point for a long position on HOOD. For one, the firm unveiled a maiden stock buyback plan of $1 billion. The company then introduced a crypto trading API, and announced its $200 million cash acquisition of global crypto exchange Bitstamp. Subscribers to our monthly Option Advis ...

Robinhood is moving up the market quickly. *Stock prices used were end-of-day prices of June 10, 2024. The video was published on June 11, 2024. Robinhood (HOOD -0.85%) has become a brokerage force because of low trading fees and an easy-to-use app. But the company is moving up market, and that's a good sign for revenue and margins to come. Travis Hoium highlights the most important trend in this video. ...

Funded Customers at the end of May were 24.1 million (up approximately 120 thousand from April 2024, up 960 thousand year-over-year). Equity Notional Trading Volumes were $86.8 billion (up 23% from April 2024, up 76% year-over-year). Options Contracts Traded were 131.9 million (up 4% from April 2024, up 35% year-over-year). Crypto Notional Trading Volumes were $7.1 billion (down 30% from April 2024, up 238% year-over-year). Total Cash Sweep balances at the end of May were $20.3 billion (up 6% from the end o ...

MENLO PARK, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) today reported select monthly operating data for May 2024: Funded Customers at the end of May were 24.1 million (up approximately 120 thousand from April 2024, up 960 thousand year-over-year). Assets Under Custody (AUC) at the end of May were $135.0 billion (up 9% from April 2024, up 65% year-over-year). Net Deposits were $3.6 billion in May, translating to a 35% annualized growth rate relative to Apri ...