Streetbeat News

HOOD

Robinhood Markets, Inc.

Industry

Software - Infrastructure

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.

Open

31.89

Mkt cap

29B

Volume

14M

High

32.35

P/E Ratio

55.72

52-wk high

34.32

Low

31.26

Div yield

N/A

52-wk low

7.92

Robinhood CEO Vlad Tenev expressed optimism about the future of Bitcoin and the potential for a Bitcoin ETF during the company's earnings call. He noted the increasing attractiveness of Bitcoin as a mainstream asset for diversification. However, Robinhood reported a drop in its crypto trading revenues during the third quarter, with transaction-based revenues on cryptocurrencies declining by 55% to $23 million.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 4:14 am

U.S. stocks showed a positive trend with the Nasdaq Composite climbing approximately 1% on Tuesday. The top stocks that gained the attention of retail traders and investors throughout the day were Rivian Automotive, Robinhood Markets, AMC Entertainment Holdings, Occidental Petroleum, and Tesla. Rivian and Robinhood saw an increase in their stock prices, while AMC and Occidental Petroleum experienced a decrease. Tesla's stock edged up slightly.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 3:07 am

Robinhood Markets Inc (NASDAQ:HOOD) reported Q3 earnings with a revenue of $467 million, missing estimates of $478.2 million, and a 9 cent loss per share, beating estimates of a 10 cent loss. Total revenues were up 29% YoY, while monthly active users decreased 16% to 10.3 million. The company increased its full-year 2023 operating expense guidance to a range of $2.399 billion to $2.439 billion. Robinhood shares were down 6.15% in after-hours trading.

Portfolio Pulse from Adam Eckert

November 07, 2023 | 9:57 pm

Robinhood's shares are trading lower following the release of mixed Q3 financial results and the company's issued guidance.