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Robinhood

Robinhood Surges 12.23% On Analyst UpgradeRobinhood Markets ( NASDAQ:HOOD ) has surged past an alternative buy point, adding to its significant gains. The online trading platform reported earnings and sales that exceeded Wall Street's estimates due to a surge in retail cryptocurrency trading. Robinhood ( NASDAQ:HOOD ) earned 18 cents a share, a significant shift from a year-ago loss, and revenue surged 40% year over year to a record $618 million. Analysts expect its first-ever full-year profit in 2024 at 78 cents per share. The company's CEO, Jason Warnick, stated that the company delivered significant revenue growth and margin expansion in Q1 and is focused on driving another year of profitable growth in 2024. BofA Securities upgraded Robinhood stock ( NASDAQ:HOOD ), raising it from underperform to buy, with a new price target of 24, up from 14. In response, Robinhood stock ( NASDAQ:HOOD ) surged more than 11% in Friday afternoon trading. The Relative Strength Index (RSI) is nearing a fresh high currently at 63.98, indicating significant stock market outperformance that could pay off well for the stock.
NASDAQ:HOODLong
by DEXWireNews
Robinhood's Earning's Preview: Dissecting the Q1 2024 ResultsRobinhood ( NASDAQ:HOOD ) has achieved record revenues and profitability in Q1 2024, driven by growth in cryptocurrency, options, and equities trading. The company's earnings report for Q1 2024 showed a 40% increase in total net revenues, primarily driven by transaction-based revenues. Cryptocurrency trading revenues soared by 232% to reach $126 million, reflecting the growing popularity of this market among retail investors. Options trading also contributed significantly to transaction-based revenues, generating $154 million, a 16% increase compared to the previous year. Equities trading revenue increased by 44% to reach $39 million. Robinhood's profitability metrics showed remarkable improvement, with a net income of $157 million for Q1 2024, compared to a net loss of $511 million in Q1 2023. Adjusting for non-recurring items, Robinhood's Adjusted EBITDA soared by 115% year-over-year to reach $247 million. Robinhood's user base data showed a year-over-year increase of 810,000 Funded Customers, investment accounts, and assets under custody (AUC) reaching 24.9 million. The company's average Revenue Per User (ARPU) increased by 35% year-over-year to $104, demonstrating its ability to monetize its growing user base effectively. Robinhood Gold, the company's premium subscription service, also experienced substantial growth, with subscribers reaching a new high of 1.7 million, representing a 42% increase compared to the previous year. Robinhood's Q1 2024 financial report showcased impressive growth and customer engagement, highlighting the company's strategic initiatives to drive growth and solidify its position as a leading financial services provider. The company has focused on expanding its product offerings, exploring new markets, and innovating its platform to cater to evolving user needs. Robinhood Gold, its premium subscription service, is a key driver of customer engagement and revenue growth. The company announced the launch of a 1% unlimited deposit boost for Gold subscribers and introduced the Robinhood Gold Card, a credit card exclusively for Gold subscribers. Robinhood ( NASDAQ:HOOD ) has also expanded its offerings to recognize the growing demand for retirement planning tools, with the 3% retirement transfer match promotion attracting over $4 billion in retirement assets transferred from competing brokerage firms. International expansion remains a key element of Robinhood's growth strategy, with full availability in the United Kingdom in March 2024. Robinhood's 24-hour Market has extended trading access for customers, resulting in record overnight trading volumes. However, Robinhood ( NASDAQ:HOOD ) faces potential risks and regulatory headwinds that could impact its future growth and profitability. Regulatory scrutiny, particularly regarding cryptocurrency trading operations, is a significant concern. The company's reliance on the Payment for Order Flow (PFOF) model presents a potential vulnerability, as regulatory changes or potential bans on PFOF could disrupt this revenue stream and necessitate adjustments to Robinhood's business model. Market volatility poses a challenge for Robinhood ( NASDAQ:HOOD ), as fluctuations in asset prices and trading volumes can impact transaction-based revenues. The company must remain adaptable and responsive to changing market conditions to mitigate these risks and ensure sustainable growth. Technical Outlook Robinhood stock ( NASDAQ:HOOD ) is up 1.5% trading within the 50-day Moving Average (MA) with a Relative Strength Index (RSI) of 55.78 which is moderate and prime for further surge.
NASDAQ:HOODLong
by DEXWireNews
GameStop Jumps Again - Up 118%GameStop shares recently surged by 118% in two days, coinciding with the return of Keith Gill, known as "Roaring Kitty," who ignited interest with a cryptic social media post. This event underscores the ongoing challenge that meme stocks like GameStop pose to traditional financial analysis. Historically, GameStop experienced a massive spike in January 2021, with shares increasing over 2600% due to coordinated buying by retail investors on platforms like Robinhood and social media forums. Although the stock quickly lost nearly 90% of its value from its peak, showcasing the high risks of such volatile investments, it has shown signs of recovery. After a period of stagnation, GameStop's stock rose sharply by 75% on Monday and saw early gains of 113% on Tuesday before settling to a 60% increase by the day’s end due to selling pressure. With the stock's history of dramatic fluctuations, there is potential for surpassing its all-time high of $120, but significant volatility remains, with the $50 mark being a critical resistance level to watch. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:GME
by Sublime_Trading
Robinhood Gain as Retail Trading Rebound Powers Record QuarterRobinhood shares ( NASDAQ:HOOD ) rose after the retail brokerage reported stronger-than-expected first-quarter results, with net income of $157 million, or 18 cents per share, and record revenue of $618 million. Cryptocurrency transactions accounted for $126 million in revenue in the quarter. The company's earnings per share and revenue numbers were both records for the firm, and the stock jumped more than 5% in after-hours trading. Robinhood ( NASDAQ:HOOD ) surged in popularity during the Covid-19 pandemic in 2020 and 2021, but has since seen user activity and revenue mirroring market action. Regulatory uncertainty has clouded the future of the company's cryptocurrency business, with the U.S. Securities and Exchange Commission issuing a Wells Notice to the company, signaling potential legal enforcement action over the company's cryptocurrency business. Robinhood's chief legal, compliance and corporate affairs officer, Dan Gallagher, expressed disappointment in the SEC's decision and believes that the crypto assets on its platform are not legally securities. The company reported a year-over-year increase in funded customers to 23.9 million and assets under custody to $129.6 billion.
NASDAQ:HOOD
by DEXWireNews
SEC issues Robinhood Crypto with Wells NoticeRobinhood ( NASDAQ:HOOD ) Markets has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) citing alleged securities violations. The crypto unit of Robinhood Markets, Robinhood Crypto, received the notice on May 4. The SEC staff has made a preliminary determination to recommend an enforcement action against Robinhood Crypto, alleging securities violations. Robinhood Markets, Inc., ( NASDAQ:HOOD ) Chief Legal, Compliance and Corporate Affairs Officer, Dan Gallagher, expressed disappointment that the agency has decided to issue a Wells Notice related to their U.S. crypto business. Last year, Robinhood ( NASDAQ:HOOD ) Markets said it had received an investigative subpoena from the SEC related to listings of cryptocurrencies. The SEC has previously targeted decentralized crypto exchanges like Uniswap and Coinbase, and Ethereum development studio Consensys. Consensys later moved to sue the SEC, arguing that regulating ether as a security would jeopardize the U.S.'s ability to use Ethereum and other blockchains. The implications of regulating ether as a security would extend beyond digital asset trading, jeopardizing the future of innovations, products, and U.S. jobs that the next generation of the Internet will unleash.
NASDAQ:HOODLong
by DEXWireNews
📈🚀 Robinhood (HOOD) Growth Analysis 📊💰User Growth Momentum: NASDAQ:HOOD demonstrates impressive user growth driven by strategic promotions and incentives, solidifying its position with 23.6 million funded accounts as of February. Institutional Investor Appeal: Initiatives like the 3% match on IRA contributions attract institutional investors, boosting assets under custody to $118.7 billion. Revenue Diversification: Subscription revenue, particularly from Gold membership, saw a 25% increase in Q4 and is expected to rise further with continued advertising and promotions. Trade Projection: Bullish stance above $14.50-$15.00. Upside target of $28.00-$30.00 reflects potential growth and value appreciation as Robinhood expands its user base and revenue streams. 📈💡 Stay tuned for HOOD's growth trajectory! #Robinhood #FinancialIndustry 🚀📊
NASDAQ:HOODLong
by Richtv_official
SHIB, THE LITTLE DOG THAT COULD AND PROBABLY WILLI still prefer dogecoin HOWEVER, I think there is a chance to make money on a lot of things SHIB is one of those for a lot of reason. Technicals is the focus here so I'm not getting into fundamentals Here is the chart All rejection trends, no support trends, however they are all trading in the bullish direction This chart has some sell targets (light red) Buy targets (light green) Rejection trends (red) Remember, a breakout can go pretty high and overextend this chart. If I don't have a new one by that point covering the movement, please comment because I currently have a lot of open charts and keeping all of them updated is.. not the easiest thing in the world, so I definitely miss old charts at times. I have literally zero issue with anyone ever commenting asking for an update because I'm slacking, wrong or really anything. I'm still bullish This price is going up because something weird is happening behind the scenes. IDK what, but I have guesses. BUT. Even at a bullish look, there is still a lot of chances to lose a lot of money so don't jump into a dumb trade just because. There is always time to be patient and time your buy even if you miss out of some potential profits. Crypto moves fast and sometimes can really burn you on a high side buy. GOOD LUCK!!
COINBASE:SHIBUSDLong
by nicktussing77
1
Robinhood Stock Surge Amidst New Credit Card LaunchRobinhood Markets Inc., ( NASDAQ:HOOD ) the disruptive force behind commission-free trading, is poised to revolutionize the financial landscape once again with the introduction of its Robinhood Gold Card. This groundbreaking venture marks Robinhood's expansion beyond its traditional brokerage services into the realm of financial services, positioning itself as a comprehensive financial platform for the modern consumer. The Robinhood Gold Card, exclusively available to members of the firm's subscription-based Gold program, is set to redefine the credit card experience. Offering unparalleled benefits with no annual fees or foreign transaction charges, the card boasts an impressive 3% cashback on all categories of purchases. This generous rewards structure eclipses competitors like JPMorgan Chase & Co.'s Chase Sapphire Reserve, which limit similar rewards to select transactions. Robinhood's CEO, Vlad Tenev, expressed ambitious aspirations for the Gold Card, stating, "Our goal is to enter this market in a big way." Tenev emphasized the company's commitment not merely to introduce a credit card, but to pioneer a product that sets industry standards and propels financial innovation forward. Market response to Robinhood's ( NASDAQ:HOOD ) announcement has been overwhelmingly positive, with the company's shares skyrocketing by 6.9% to $20.61 in early trading following the news. This surge builds upon an already impressive trajectory, with Robinhood's stock rising by 51% through the close of trading on Tuesday, far outpacing the broader market. However, the Gold Card launch represents only one facet of Robinhood's strategic evolution. The company has been steadily diversifying its offerings, transcending its origins as a retail brokerage service. Last year, Robinhood unveiled a retirement product, signaling its commitment to long-term financial planning. The response has been remarkable, with over 500,000 Robinhood retirement accounts opened by the end of last year, boasting deposits totaling $1.7 billion. This figure has since surged to over $3 billion by February, underscoring the growing trust and engagement of Robinhood's customer base. Central to Robinhood's expansion into the credit card space is its acquisition of credit card issuer X1 Inc. for approximately $95 million. With co-founder Deepak Rao assuming the role of general manager of credit cards for Robinhood, the company is well-positioned to navigate the complexities of the credit card industry and drive the Gold Card rollout to new heights. The introduction of the Robinhood Gold Card marks a pivotal moment in the company's trajectory, solidifying its transition from a trading app to a financial powerhouse. By offering innovative financial products with customer-centric features, Robinhood is redefining the way consumers engage with their finances, setting the stage for a new era of financial empowerment and accessibility. Technical Outlook Robinhood stock ( NASDAQ:HOOD ) is trading above the 200-day Moving Average with a positive Relative Strength Index (RSI) of 69.70 indicating further price breakthrough. In an increasingly competitive landscape, Robinhood's bold vision and relentless pursuit of innovation are reshaping the future of finance, empowering individuals to take control of their financial destinies like never before. As the Gold Card rollout gains momentum, Robinhood's journey toward becoming a holistic financial platform is poised to revolutionize the industry and redefine the expectations of modern consumers.
NASDAQ:HOODLong
by DEXWireNews
Cathie Wood's Ark Invest Dumps $123M Worth of Coinbase stockCathie Wood's Ark Invest has divested approximately $123 million worth of shares in Coinbase ( NASDAQ:COIN ) and Robinhood ( NASDAQ:HOOD ) this week, signaling a significant shift in sentiment towards cryptocurrency-related stocks. Ark Invest, known for its bullish stance on disruptive technologies, made headlines as it offloaded substantial holdings in both Coinbase ( NASDAQ:COIN ) and Robinhood amid a surge in their stock prices. However, the timing of the divestments coincided with a notable slump in the prices of these companies' shares, raising questions about the firm's outlook on the crypto market. The divestment spree began on Friday, March 22, with Ark Invest selling off about $55.60 million worth of NASDAQ:COIN stock. The firm's ARK Innovation ETF (ARKK) witnessed a massive dump of 151,271 Coinbase shares, while ARK Next Generation Internet ETF (ARKW) and Ark Fintech Innovation ETF (ARKF) also registered significant divestments. This sell-off continued throughout the week, with Ark Invest shedding approximately $52.27 million worth of Coinbase stock on Thursday alone. The total weekly divestment amounted to a staggering $115.16 million, reflecting Ark Invest's bearish stance on crypto stocks in the short term. The timing of Ark Invest's divestments is notable, as it coincided with fresh 52-week highs for both NASDAQ:COIN and NASDAQ:HOOD stocks. However, the subsequent slump in prices following Ark Invest's sell-off raises questions about the firm's rationale and outlook on the crypto market. Cathie Wood's bearish outlook on crypto stocks contrasts with her firm's previous investments in disruptive technologies. This shift in sentiment suggests a cautious approach towards the volatile crypto market, with Ark Invest opting to reduce its exposure to Coinbase and Robinhood amid uncertain market conditions. While the massive dump from Ark Invest may raise concerns among investors, it also highlights the firm's proactive approach to managing its investment portfolio. By reassessing its positions in response to changing market dynamics, Ark Invest aims to navigate the volatile crypto landscape while maximizing returns for its investors.
NASDAQ:COIN
by DEXWireNews
Robinhood: Get your money back in GreenThis post is dedicated to all NYSE:GME Bag holders!! Time to get your money back in Green. NASDAQ:HOOD has taken a major hit to its price ever since the NYSE:GME debacle and deservingly so. With that said this company has brought in a whole generation of investors. The price is highly undervalued and poised to make a surge on the upside. The Technicals: After multiple retests to the major resistance level at $13, NASDAQ:HOOD has broken through and looking bullish for strong moves to the upside. Financial Performance: Robinhood recently reported a strong Q4 and full-year financial growth in 2024. They've seen a $1.3 billion net positive in brokerage account transfers and have a growing Gold subscriber base. This indicates that the company is on a solid financial footing and has a bright future ahead. Crypto Craze: With Robinhood's significant involvement in cryptocurrency and blockchain, the company is well-positioned to benefit from the crypto craze. As Bitcoin ETFs are approved in the U.S., Robinhood's stock could mirror Bitcoin's performance, making it an attractive investment for those who believe in the future of cryptocurrencies. International Expansion: Robinhood is actively targeting active traders and expanding its international presence. This aggressive growth strategy could lead to increased market share and higher profits, making it a potentially lucrative investment. Increased Gold Adoption: Robinhood has seen an increase in Gold adoption, which is a premium subscription service that offers additional features and benefits to users. This could lead to higher revenue and profits for the company. Positive Analyst Sentiment: Analysts such as Dan Dolev from Mizuho Securities and John Tadaro from Needham & Company have expressed a bullish outlook for Robinhood, citing factors like the company's strong performance and the potential for future growth. #Robinhood's robust financial performance, involvement in the crypto market, international expansion plans, increased Gold adoption, and positive analyst sentiment make it a stock worth considering for those looking to invest in the future of finance.
NASDAQ:HOODLong
by EgideSimba
Hey Guys, Insider here.Like it or not, but history always repeats itself. Banks and goverments always will be letting you down. You're always will see more people trusting btc instead. Dollars will always go down. Even if sometimes they will go up a lil bit coz of rate hikes in 2023. Bulls always will be winning. They believe in constant evolution. This is inevitable (until it's not though) Pigs always will be driven by emotions and fears. Bears always will be crushing a party, but Bears lives are short. Scammers always will scam and get jailed. Shitcoins always will be full of shit, unless a few one. Elon Musk will never reach Mars. You're will keep working in MCD. Justin Sun will be always screwing your wife. It is what it is.
BITSTAMP:BTCUSDLong
by WagsCapital
8
Robinhood's Resurgence: A Profitable Pivot and Promising GrowthRobinhood ( NASDAQ:HOOD ), the once-controversial trading platform, has emerged from the ashes of scrutiny to shine with a profitable fourth quarter and a bullish outlook for 2024. With a 12% surge in premarket trading, Robinhood's ( NASDAQ:HOOD ) unexpected profit and robust revenue growth forecast have caught the attention of investors and analysts alike, signaling a potential shift in the company's trajectory. Riding High on Profitability: Robinhood's ( NASDAQ:HOOD ) fourth-quarter earnings report exceeded Wall Street's expectations, as the company capitalized on higher interest income from customer loans and a resurgence in trading activity fueled by cryptocurrencies and equities. Despite its tumultuous past, Robinhood's Chief Financial Officer, Jason Warnick, expressed confidence in the company's ability to sustain profitable growth, emphasizing a focus on driving net deposits higher while keeping expenses in check. Growth Trajectory: A significant milestone for Robinhood ( NASDAQ:HOOD ) was the surge in assets under custody (AUC), which skyrocketed by 65% year-over-year to $102.6 billion in the fourth quarter. This remarkable growth was attributed to continued net deposits and increased equity valuations. Analysts from J.P. Morgan lauded Robinhood's achievement, noting that AUC breached the $100 billion mark for the first time since Q2 2021, indicating a resurgence reminiscent of the meme trading peak. Diversification Strategy: Recognizing the need to reduce reliance on transaction-based revenue, Robinhood ( NASDAQ:HOOD ) has been actively diversifying its business model. The company aims to shift towards product offerings and margin investing, thus expanding its revenue streams beyond traditional trading activities. This strategic pivot reflects Robinhood's commitment to long-term sustainability and resilience in a dynamic market environment. Analyst Optimism: Wall Street analysts have responded positively to Robinhood's ( NASDAQ:HOOD ) upbeat earnings report, with Piper Sandler highlighting "very strong net deposit trends" expected in the first quarter. The consensus among analysts is that Robinhood's profitability and growth prospects position the company on a stronger footing moving forward, paving the way for continued success in 2024 and beyond. Conclusion: Robinhood's ( NASDAQ:HOOD ) surprising profitability in the fourth quarter and optimistic revenue growth forecast for 2024 mark a significant turnaround for the company. Buoyed by robust net deposits and a strategic shift towards diversification, Robinhood ( NASDAQ:HOOD ) is poised to capitalize on emerging opportunities in the financial markets. As the company navigates its path forward, investors are keenly watching to see if Robinhood ( NASDAQ:HOOD ) can sustain its momentum and carve out a new chapter of success in the ever-evolving landscape of retail investing.
NASDAQ:HOOD
by DEXWireNews
Robinhood's $SHIB Purchase Send Shockwaves Through Crypto MarketPopular American exchange Robinhood has made a bold move by acquiring a staggering 202 billion Shiba Inu ( CRYPTOCAP:SHIB ) tokens in less than 24 hours. This unprecedented buying spree positions Robinhood as the fourth largest custodian of Shiba Inu, trailing behind Binance, Crypto.com, and the mysterious black hole wallet associated with the original Shiba Inu project. The move has not only caught the attention of the crypto community but has also sparked discussions about the potential implications for Shiba Inu's future and the broader cryptocurrency market. Robinhood's Growing Influence: The acquisition by Robinhood now means that the platform holds approximately 2% of SHIB's circulating supply. This significant ownership stake raises questions about Robinhood's strategic vision for Shiba Inu and its potential impact on the token's market dynamics. The move is particularly noteworthy as it comes amidst a period of price stagnation for CRYPTOCAP:SHIB , with the token slipping below 1% following a week-long correction in the overall crypto market. Vitalik Buterin's Legacy and CRYPTOCAP:SHIB 's Circulating Supply: It's crucial to revisit the project's history, especially Vitalik Buterin's use of the dead wallet address to burn $6.7 billion in Shiba Inu tokens nearly three years ago. This altruistic act, which removed approximately half of CRYPTOCAP:SHIB 's supply from circulation, still resonates on the blockchain, constituting 41.04% of the total supply. The current ownership dynamics, with Robinhood emerging as a major custodian, adds a new layer to Shiba Inu's evolving narrative. Crypto Whales in Action: The article further explores other notable transactions within the Shiba Inu ecosystem, shedding light on the actions of crypto entrepreneur Justin Sun. SpotOnChain, a blockchain whale-watching agency, reveals Sun's recent move to cash out 79.334 billion CRYPTOCAP:SHIB tokens from Binance to a decentralized wallet on-chain. This follows his substantial withdrawal of 500 billion CRYPTOCAP:SHIB coins just last month, indicating an intriguing accumulation phase for the crypto billionaire. Market Reversal and Long-Term Investment Potential: As the crypto community closely monitors these whale movements, there's a recognition that such actions often precede price trend reversals. Additionally, the article underscores the significance of these moves in assessing the long-term investment potential of Shiba Inu. While some crypto whales accumulate CRYPTOCAP:SHIB in response to positive developments like the acceptance of Bitcoin exchange-traded funds (ETFs), it's essential to note the current negative correlation between Shiba Inu and Bitcoin prices, as highlighted by blockchain data analysis platform IntoTheBlock. Conclusion: Robinhood's substantial acquisition of Shiba Inu tokens has injected fresh energy into the Shiba Inu ecosystem, prompting speculation and discussions within the crypto community. The article dives into the historical context, market dynamics, and the actions of key players like Justin Sun, providing readers with a comprehensive understanding of the current state of Shiba Inu and its potential trajectory in the ever-evolving cryptocurrency landscape.
by DEXWireNews
1
Robinhood (NASDAQ: HOOD) Announces UK Launch Robinhod (NASDAQ: HOOD) Chief Executive Officer Vlad Tenev recently said that he does not think that the payment for order flow (PFOF) model of market-maker routing that the firm incorporates in the United States is under any type of threat. This would be despite suggestions from various consumer trading advocates as well as regulators for a complete ban on the PFOF model. In statements shared with CNBC, Tenev reportedly defended the PFOF model, noting that it is inherently “here to stay.” He was making a reference to PFOF as it currently exists in the US, where the practice has been made legal and is well-regulated. PFOF is essentially the practice of routing trades via market-makers such as Citadel Securities in exchange for a portion of the profits. The business model has helped trading companies such as Robinhood with lowering commissions all the way down to zero, making it more economical for consumers to invest in a large range of stocks. PFOF has been considered controversial due to the apparent conflict of interest it can potentially create between the broker and customers. Industry professionals claim that brokers have an incentive or motivation to direct order flow to market makers providing PFOF arrangements over the best interests of customers. At present, PFOF is banned in the United Kingdom, where Robinhood revealed its plans to launch operations (this past Thursday). Notably, the US Securities and Exchange Commission (SEC) had looked into the possibility of placing a ban on PFOF due to concerns regarding the practice, however, the regulator decided not to do so, meanwhile, the EU has placed a complete ban on PFOF. PFOF reportedly makes up for a relatively small amount of Robinhood’s total revenues, Tenev calims, and most of its earnings come from net interest income which is obtained from cash in user account balances.
NASDAQ:HOODLong
by DEXWireNews
Good-Buy STOCKS: HOODHi Traders, Investors and Speculators of Charts📈📉 After losing nearly 90% of it's high, NASDAQ:HOOD is currently trading close to all-time lows. This could make for a great buy and hold opportunity, whilst some patience may be needed to wait for ideal target zones. Higher lows are observed after bottoming out at $6, indicating that the bottom is most likely in for HOOD. In other words a spot entry here has a really low risk and high reward setup. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck NASDAQ:HOOD
NASDAQ:HOODLong
by CryptoCheck-
9