Robinhood Markets, Inc. (HOOD)
| Market Cap | 15.88B |
| Revenue (ttm) | 1.87B |
| Net Income (ttm) | -541.00M |
| Shares Out | 882.58M |
| EPS (ttm) | -0.61 |
| PE Ratio | n/a |
| Forward PE | 64.44 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 12,289,430 |
| Open | 17.75 |
| Previous Close | 17.78 |
| Day's Range | 17.67 - 18.26 |
| 52-Week Range | 7.91 - 20.55 |
| Beta | 1.69 |
| Analysts | Hold |
| Price Target | 19.29 (+7.23%) |
| Earnings Date | May 8, 2024 |
About HOOD
Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services. It also provides various learning and education solutions comprise ... [Read more]
Financial Performance
In 2023, HOOD's revenue was $1.87 billion, an increase of 37.33% compared to the previous year's $1.36 billion. Losses were -$541.00 million, -47.37% less than in 2022.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for HOOD stock is "Hold." The 12-month stock price forecast is $19.29, which is an increase of 7.23% from the latest price.
News
Robinhood's SEC battle asks if crypto is a security. The answer could change how we trade.
Robinhood, one of the most popular retail brokerages for investing in securities, is trying to convince the Securities and Exchange Commission at crypto is not a security.
Robinhood set to report highest quarterly revenue since meme stock frenzy
Trading app Robinhood Markets is expected to report its highest quarterly revenue in nearly three years, helped by a steady rebound in equity markets and crypto trading.
SEC Wells Notice to SEC is 'no reason to be worried,' analyst says
Robinhood (HOOD) has received a warning from the Securities and Exchange Commission (SEC) that the trading platform could face an enforcement action regarding its crypto business on the platform. Mizu...
Robinhood's crypto arm is in hot water with the SEC
The Securities and Exchange Commission is gearing up to sue Robinhood's crypto unit. Transcript: CONWAY GITTENS: I'm Conway Gittens reporting from the New York Stock Exchange.
What is a ‘Wells Notice' and why did Robinhood just receive one?
A Wells Notice is a formal notification issued by the U.S. Securities and Exchange Commission to inform a person or company that they were involved in a completed investigation by the regulator. The n...
Robinhood Crypto Target of Potential SEC Enforcement
Robinhood's cryptocurrency business could become the target of regulatory action. The trading platform said Monday (May 6) that it received a Wells Notice from the U.S. Securities and Exchange Commiss...
Robinhood's crypto business is under fire by the SEC. Here's what that means for customers
This morning, Robinhood Markets shares dropped more than 2% in premarket trading after the company's cryptocurrency division was hit with a “Wells Notice.” Filed by the U.S. Securities and Exchange Co...
Robinhood May Face SEC Enforcement Over Its US Crypto Business
Robinhood Markets (HOOD) said it may face enforcement action from Securities and Exchange Commission (SEC) related to its cryptocurrency business. The online trading platform disclosed that it had rec...
Robinhood warns feds could penalize firm over crypto tokens traded on platform
The SEC has adopted a tough stance toward the digital currency industry, arguing most cryptocurrency tokens are securities and subject to its registration rules, while crypto firms have accused it of ...
Robinhood Threatened With SEC Charges Over Its Crypto Trading Platform
Robinhood's cryptocurrency platform could face charges from the Securities and Exchanges Commission, the trading app said Monday, marking federal regulators' latest action against a crypto trading pla...
Robinhood Markets Formally Warned by SEC
The Wells notice from the US Securities and Exchange Commission concerns Robinhood Crypto and its cryptocurrency listings, custody of cryptocurrencies and platform operations, the company said in a re...
Robinhood Stock Falls. SEC Recommends Enforcement Action Against Crypto Arm.
The regulator has made a “preliminary determination” to recommend the SEC file an enforcement action against the company, according to a securities filing.
Robinhood Crypto gets Wells notice from US SEC
Retail trading platform Robinhood Markets said on Monday its cryptocurrency trading arm received a Wells notice from the U.S. Securities and Exchange Commission (SEC) on May 4.
Robinhood says SEC could pursue enforcement actions over its crypto operations, shares fall 2%
Robinhood had previously disclosed in February that it received subpoenas from the SEC related to its crypto business.
Robinhood Gets SEC Notice on Recommendation of Enforcement Action Against Crypto Unit
Robinhood disclosed it received a notice from the Securities and Exchange Commission staff recommending that the regulator file an enforcement action against its cryptocurrency unit.
Robinhood's stock dives after disclosing receipt of ‘Wells Notice,' with SEC alleging securities violations
Shares of Robinhood Markets Inc. HOOD, +1.93% sank 2% in premarket trading Monday, after the traded-app operator disclosed that on May 4 it received a “Wells Notice” from the U.S. Securities and Excha...
Users say Robinhood's overnight trading service went down after Israeli attack
During the height of uncertainty over Israel's retaliatory attack against Iran late Thursday, users of the Robinhood trading platform users say they were unable to trade.
Bitcoin's Halving Is Close. Coinbase and Robinhood Might Not Benefit Much.
In the months after prior halvings, the oldest cryptocurrency's price has rallied significantly.
Freetrade, Britain's answer to Robinhood, posted its first quarterly profit
British stock trading app Freetrade hit breakeven earlier this year, the company told CNBC, marking its first-ever move into the black.
Robinhood Stock Gets Downgraded to Sell. Blame Bitcoin.
Bitcoin has played a key role in Robinhood's strong start to the year but it could also bring about the stock's downfall, Citi said.
Robinhood Sets Sights on New Bounty: The Rising Rich
Recent moves by the online brokerage hint at ambitions in wealth management.
KBW's Kyle Voigt is bullish on Robinhood fundamentals, cautious on valuations
Kyle Voigt, KBW managing director of equity research, joins 'Closing Bell' to discuss KBW's stock breakdown of Robinhood.
Robinhood Markets, Inc. to Announce First Quarter 2024 Results on May 8, 2024
MENLO PARK, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) announced that it will release its first quarter 2024 financial results on Wednesday,...
Robinhood hits over 2-year high as credit card launch fuels investor euphoria
Shares of Robinhood Markets jumped on Wednesday after the financial technology firm launched a credit card, as it expands its product offerings in order to reduce its reliance on market-sensitive trad...
Robinhood Launches Own Credit Card for US Customers
Robinhood Markets Inc., best known for offering commission-free trading, is rolling out a credit card to US consumers as it looks to become a broader financial-services company. The Robinhood Gold Car...