Robinhood Markets Inc.’s stock roared more than 10% higher in the after-hours session Tuesday after the online trading platform swung to a quarterly profit and topped Wall Street expectations for its revenue, thanks to rising crypto deposits and more subscribers buying a premium service. Robinhood HOOD, -1.42% earned $30 million, or 3 cents a share, in the fourth quarter, contrasting with a loss of $166 million, or 19 cents a share, in the fourth quarter of 2022. Revenue rose 24% to $471 million, thanks in ...

Robinhood (NASDAQ:HOOD) stock jumped nearly 15% in after-market trading on Tuesday, Feb. 13 after the company announced better-than-expected Q4 earnings. The financial services platform reported that its quarterly revenue hit $471 million, beating Wall Street expectations of $456.8 million by 3.1%. This represented a 23.9% increase from $380 million in the previous fiscal year.Earnings per share (EPS) also surprised to the upside. The online brokerage notched EPS of 3 cents, beating expectations of a 1-cent ...

Robinhood Markets, Inc HOOD was trading slightly lower Tuesday as the company heads into its fourth-quarter earnings print after the close.When Robinhood printed mixed third-quarter results on Nov. 7, the stock plunged almost 14% lower the following day before bottoming out at $7.92 mark on Nov. 9 and Nov. 16. The subsequent bounce up off that level caused Robinhood to form a bullish double bottom pattern, which caused the stock to soar 70% between Nov. 16 and Dec. 27, where Robinhood peaked at $13.51.For t ...

Passive investing has become more popular than active investing in the U.S., but the trend may be changing soon, according to Jill Carey Hall, U.S. equity strategist at BofA Global Research.The amount of assets managed by passive funds have overtaken those overseen by active funds, according to data from BofA Global Research. Only 47% of assets under management in the U.S. are now overseen by active funds, down from 80% in 2009, the data shows.  BofA Global Research Active investing means buying and sel ...

FORT WORTH, Texas--(BUSINESS WIRE)--Today, Consensys, the leading blockchain and web3 software company, and Robinhood Markets, Inc (NASDAQ: HOOD), launched the integration of Robinhood Connect with MetaMask, the world’s leading self-custodial web3 wallet. Using MetaMask’s Buy Crypto feature, customers can now purchase crypto through Robinhood’s low cost order engine. The launch is part of MetaMask’s ongoing goal of supporting the adoption of web3 by providing more users with frictionless, secure, and self-c ...

Robinhood Markets, Inc. (HOOD) closed at $10.92 in the latest trading session, marking a +0.09% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.07% for the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw an increase of 1.74%.The the stock of company has fallen by 8.93% in the past month, lagging the Finance sector's gain of 0.61% and the S&P 500's gain of 2.93%.The investment community will be closely monitoring the perf ...

Robinhood Markets, Inc. (HOOD) ended the recent trading session at $10.91, demonstrating a +1.58% swing from the preceding day's closing price. This change outpaced the S&P 500's 1.25% gain on the day. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 1.3%.The the stock of company has fallen by 8.91% in the past month, lagging the Finance sector's loss of 2.58% and the S&P 500's gain of 1.58%.Analysts and investors alike will be keeping a close eye on the performance of Robinhood Markets, I ...

Robinhood Markets, Inc. (HOOD) ended the recent trading session at $10.81, demonstrating a -1.28% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq gained 0.36%.Shares of the company have depreciated by 15.38% over the course of the past month, underperforming the Finance sector's loss of 2.71% and the S&P 500's gain of 2.4%.The investment community will be paying close attention to the earnings ...

In 2021, Robinhood Markets‘ (NASDAQ:HOOD) shares soared to $50 as a new wave of day traders embraced stock speculation. However, by 2023, the tide had turned, with speculators shifting focus, and HOOD stock, now valued at $9, trades modestly above tangible book value.On the other hand, Robinhood transformed stock trading, but in 2024, the company’s business model has evolved. Investors, after thorough research, may opt to sell or increase their stake based on their belief in the blockchain revolution and cr ...

Kimberly White Amidst a surge in speculative stocks, Robinhood (NASDAQ:HOOD) has seen its stock run up as well. The company appears to be benefitting from a win-win situation: higher interest rates have led to a surge in interest income and profitability, while the prospects for interest rate cuts might lead to increased trading revenues and higher valuation multiples. HOOD continues to hold a bulletproof balance sheet highlighted by over $5 billion of net cash and I expect top-line growth to accelerate ...