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 ...

HOOD Robinhood Markets Shares of Robinhood Markets Inc. NASDAQ: HOOD have already had a massive run so far into 2024. Still, the new up-and-comer asset manager must look for ways to keep delivering further growth for its investors and customers. Investors should watch out for how this stock creates a brand moat before it becomes too apparent to buy at a low price. Robinhood Markets Today ▼ $23.69 Most market participants think Robinhood is simply a platform for retail investors who like to take risks and tr ...

Cryptocurrencies, artificial intelligence (AI), and new stock issuance are just a few of the catalysts that are propelling growth stocks to incredible heights. These catalysts and a few others have led to some stocks doubling their share price during the first five months of the year. The impressive gains are likely to continue as the bull market rides on. Robinhood Markets (HOOD) HOOD stock rose 7% on news of the Bitstamp acquisition. The crypto exchange is expected to power the growth of crypto trading on ...

Founded in 2011, Bitstamp operates in multiple regions, including Luxembourg, the U.K., Slovenia, Singapore and the United States, and holds more than 50 active licenses and registrations globally. Accelerating Global Expansion This strategic move aligns with Robinhood's broader goal to become a comprehensive financial services provider by leveraging Bitstamp's established market position and regulatory approvals. Hence, the deal to acquire Bitstamp is part of its global expansion initiatives. A key highlig ...

On Thursday, Jun 6, Robinhood Markets, Inc. (HOOD) announced that it has inked a deal to buy Luxembourg-based cryptocurrency exchange Bitstamp for $200 million. Robinhood's shares jumped 6.5% on the news during the trading session. HOOD has been having a terrific year to date. In the first week of May, the company reported $618 million in revenues for the quarter ended March 2024, representing a year-over-year increase of 40.1%. It beat the Zacks Consensus Estimate of $544.7 million, pulling off a surprise ...

Robinhood has previously identified "winning the active trader market," "increasing wallet share" and expanding outside the U.S. as key areas for future growth. In a press release, the company said it expects to pay about $200 million in cash as part of the deal to become the owner of the cryptocurrency exchange. It is aiming to complete the acquisition sometime in the first six months of next year. CLICK HERE TO READ MORE ON FOX BUSINESS CRYPTO INDUSTRY FIGHTS BACK AGAINST GOVERNMENT CRACKDOWN GET FOX BUSI ...