Investment Thesis Crypto Deep Dive $1 $11 $11 $208 $200 $185 $38 $39 $154 $133 $113 $39 $29 $25 Q2'22 Q3'23 Why I Am Doing Follow-Up Coverage Since then, their crypto business has ballooned, with crypto trading revenues now reaching $126 million in Q1 alone (earnings presentation). This is now actually the second-largest source of revenue presently, after option trading ($154 million). And in fact, this is more than all of their crypto revenue in 2023 combined. I believe crypto is going to soon be the large ...

MENLO PARK, Calif., July 02, 2024 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) announced that it will release its second quarter 2024 financial results on Wednesday, August 7, 2024, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website. Inve ...

Trading platform Robinhood is acquiring artificial intelligence (AI) research service Pluto Capital. The purchase, as Bloomberg News reported Monday (July 1) is designed to offer Robinhood's users more tailored investment strategies and analysis with the help of Pluto's AI-driven personalized advice and real-time analytics. "They have built an impressive platform that is highly regarded in the financial services industry," Mayank Agarwal, Robinhood's vice president of engineering, told Bloomberg. "Their exp ...

Key Takeaways Robinhood is buying AI-powered investment research platform Pluto Capital for an undisclosed price. The company said the addition of Pluto Capital will improve its customers' experience through improved data analytics, investment strategies, and portfolios. Pluto founder and CEO Jacob Sansbury will join Robinhood to help with the integration of its technology. Shares of Robinhood Markets (HOOD) climbed about 1% to $22.85 in intraday trading Monday after the online trading site moved to add an ...

Robinhood (NASDAQ:HOOD) is one company some investors have a difficult time making sense of. During the previous sharp decline in retail trader activity with the deflation of the previous meme cycle — and the socalled crypto winter — HOOD stock sank dramatically from its peak. However, this year, Robinhood has seen an impressive recovery. Shares have nearly doubled on a year-to-date (YTD) basis alone. Today's move to the upside in HOOD stock continues this trend. Indeed, today's price action appears to be p ...

Loading... Loading... Robinhood Markets Inc. HOOD just got a significant vote of confidence from Wolfe Research analyst Steven Chubak, who upgraded the stock from Peer Perform to Outperform, citing strong growth prospects and a durable earnings trajectory. The upgrade follows an insightful meeting with CFO Jason Warnick, which bolstered Chubak's bullish stance on the stock. Key Takeaways From The Robinhood Stock Upgrade New Rating and Target: Chubak's new price target for Robinhood stock is $29, implying a ...

Loading... Check This Out: FedEx, Micron And 3 Stocks To Watch Heading Into Wednesday Loading... Deutsche Bank analyst Justin Bowers upgraded the rating for Repligen Corporation RGEN from Hold to Buy, but lowered the price target from $180 to $155. Repligen shares fell 0.4% to close at $123.15 on Tuesday. See how other analysts view this stock. Wolfe Research analyst Steven Chubak upgraded Robinhood Markets, Inc. HOOD from Peer Perform to Outperform, while announcing a price target of $29. Robinhood shares ...

Assets keep flooding into Robinhood. *Stock prices used were end-of-day prices of June 24, 2024. The video was published on June 25, 2024. Brokerage company Robinhood (HOOD 3.60%) continues to attract more affluent users to the platform, and that's making the business more stable long term. In this video, Travis Hoium shows why recent trends bode well for upcoming earnings. ...

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Robinhood Markets is expected to post earnings of $0.14 per share for the current quarter, representing a yearover-year change of +366.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.4%. With an impressive externally audited ...

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 ...