H P I F TIP Alistair Berg We've had our first taste of market volatility in what seems like over a year, but Robinhood (NASDAQ:HOOD) is standing firm. The digital-first brokerage has continued to be a beacon for new fund deposits as stock market participation climbs. Robinhood continues to benefit from a plethora of tailwinds, including high interest rates that are feeding net interest income and renewed trading volumes. The company recently reported very strong Q2 results that demonstrated >40% y/y revenue ...

Key Takeaways Shares of Robinhood Markets climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the stock. Robinhood late Wednesday said it had 24.2 million funded customers at the end of July, up about 70,000 from June. Deutsche Bank raised its rating on the stock to "buy" from "hold," lifting its price target from $21 to $24. Shares of Robinhood Markets (HOOD) climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the ...

Robinhood isn't just about YOLO trading anymore. Robinhood (HOOD 2.96%) burst onto the scene during the pandemic as the zero-fee trading platform. But it has matured into a much more stable and expansive business with retirement now a focus. In this video, Travis Hoium talks about a strategic change for the company. *Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024. ...

The global selloff did a number on Robinhood Markets Inc (NASDAQ:HOOD), though the stock has been steadily climbing since then. The road to recovery started last Thursday, with a 3.6% post-earnings pop after the fintech company's upbeat earnings. Today, HOOD was last seen up 1.3% at $18.16, and earlier traded as high as $18.56, after Piper Sandler noted the recent pullback as a "buying opportunity" and lifted its rating to "overweight" from "neutral." Despite the recent rally, Robinhood stock has yet to com ...

Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of impending enforcement action related to its cryptocurrency business. Vlad Tenev, CEO of Robinhood, told Bloomberg Television about this move in a Thursday (Aug. 8) interview, while adding that he had no other updates to share, Bloomberg reported. "We've spent a lot of time making sure that the response is as high-quality as possible," Tenev said, p ...

Robinhood Markets, Inc. (HOOD) reported $682 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 40.3%. EPS of $0.21 for the same period compares to $0.03 a year ago. The reported revenue represents a surprise of +8.05% over the Zacks Consensus Estimate of $631.18 million. With the consensus EPS estimate being $0.15, the EPS surprise was +40.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Most market participants tend to overcomplicate the art of investing. Sometimes, it is as simple as finding a business with a somewhat strong moat (whether brand or product), strong and growing financials, and selling at a discount. Recently, the S&P 500 and other stock indexes across the globe have delivered rising volatility to rock most investors' portfolios. Now, there is no reason to panic; rather, stick to the fundamentals. Robinhood Markets Today HOOD Robinhood Markets $17.00 -0.12 (-0.70%) 52-Week R ...

Despite opening strong, Robinhood (NASDAQ:HOOD) stock has dipped just slightly into the red this morning. Yesterday, after the market closed, the securities broker reported stronger-than-expected secondquarter results. So, this morning's negative sentiments aside, here are five reasons for HOOD stock owners to feel bullish about the company's Q2 performance: The firm's top and bottom lines came in meaningfully above analysts' average estimates. Specifically, it generated Q2 revenue of $682 million, versus a ...

Shares of Robinhood (HOOD) gained 2.5% in after-hours trading in response to better-than-expected secondquarter 2024 results. Earnings per share of 21 cents handily surpassed the Zacks Consensus Estimate of 15 cents. Also, the figure compared favorably with 3 cents earned in the prior-year quarter. Results benefited substantially from the crypto-trading boom, higher net interest income and a jump in Gold subscribers. Also, the company witnessed improvement in Monthly Active Users (MAU). However, a rise in e ...

On Monday (Aug. 5), the platform powering 24-7 trading for brokers like Robinhood went offline. The platform, Blue Ocean, is the infrastructure provider responsible for executing stock trades between traditional market off hours, those falling between 8 p.m. and 4 a.m. (ET), and it was unable to effectively handle the surge in activity during the huge global selloff earlier this week as markets roiled. While the news was, ultimately, not ideal for Robinhood's users trying to get in on Monday's market action ...