A cryptocurrency platform run by Robinhood Markets will pay $3.9 million for failing to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said on Wednesday.
Stock trading app Robinhood on Wednesday launched a new feature in the U.K. allowing retail traders to lend out any stocks they own outright in their portfolio to interested borrowers. Shares lent out via the Robinhood app will be treated as collateral, with Robinhood receiving interest from borrowers and paying it out monthly to lenders.
Robinhood Markets (HOOD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
HOOD stock surges 85.2% in a year. Let's analyze whether it is prudent to buy it at the current levels or wait for the dip in the price.
Robinhood Markets (HOOD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Exploring how investors can use a Zacks screen to help find some of the best Zacks Rank #1 (Strong Buy) stocks to buy heading into September and the final months of 2024.
Crypto-centric stocks like NVDA, IBKR, HOOD and SQ are expected to gain once the Bitcoin rally resumes.
NVMI, HOOD, and QFIN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 22, 2024.
Robinhood current price/share represents an opportunity to add shares at discount, with an upside target of $30/share. In July-August, Robinhood experienced a 43% market-related price drop and has quickly recovered to about $20/share. Q2 earnings and July monthly metrics show resilient trading activity, record revenue and EPS, record Gold subscribers, despite a deceleration in Crypto activity.
Robinhood's Q2 results and recent July metrics release showcase tremendous new deposit growth despite recent market volatility. Crypto revenue is more than doubling y/y, helping Robinhood to grow Q2 revenue at a >40% y/y clip alongside strong net interest income. The company recently also acquired a major European crypto exchange, Bitstamp, which accelerates the company's overseas push after entering into the UK market earlier this year.
Shares of Robinhood Markets (HOOD) climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the stock, citing "attractive growth potential.
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