Category: HOOD

HOOD – Robinhood Markets, Inc. to Present at the Bernstein Strategic Decisions Conference on June 2, 2023

MENLO PARK, Calif., May 26, 2023 (GLOBE NEWSWIRE) — Today, Robinhood Markets, Inc. (NASDAQ: HOOD) announced that it will be participating in the upcoming Bernstein Strategic Decisions Conference on June 2, 2023.

Robinhood CEO and Co-Founder Vlad Tenev is scheduled to present on Friday, June 2, 2023 at 11:00 AM ET / 8:00 AM PT. Interested parties may access a live audio webcast of the presentation by visiting the “Events” section of the company’s investor relations website at Following the presentation, a recording will be available for replay for at least 90 days on the same website.

About Robinhood

Robinhood Markets is on a mission to democratize finance for all. With Robinhood, people can invest with no account minimums through Robinhood Financial LLC, buy and sell crypto through Robinhood Crypto, LLC, spend, save, and earn rewards through Robinhood Money, LLC, and learn about investing through easy-to understand educational content.


Investor Relations


HOOD – SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Robinhood Markets, Inc. – HOOD

NEW YORK, March 22, 2023 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Robinhood Markets, Inc. (“Robinhood” or the “Company”) (NASDAQ: HOOD). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Robinhood and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On February 27, 2023, Robinhood disclosed in its Annual Report that “[i]n December 2022, shortly after FTX filed for bankruptcy on November 11, 2022, and following the bankruptcies of several other major cryptocurrency trading venues and lending platforms earlier in 2022, including Three Arrows Capital, Ltd., Voyager Digital Holdings, Inc., and Celsius Network LLC . . . , we received an investigative subpoena from the SEC regarding, among other topics, [Robinhood Crypto, LLC’s] cryptocurrency listings, custody of cryptocurrencies, and platform operations.”

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See

Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

SOURCE Pomerantz LLP

HOOD – Robinhood: Green Shoots Are Here

Stock Trading Platform Robinhood Goes Public On The New York Stock Exchange

Spencer Platt/Getty Images News

Volatility has returned in full force in the tech sector, and as usual Robinhood (NASDAQ:HOOD) bears the brunt of fear and caution overtaking the markets. The tech-oriented brokerage has seen a whiplash of a year, driven by 2022’s cryptocurrency crash and

HOOD – Robinhood Wallet Is Now Open to All iOS Users


Crypto and stock broker Robinhood launched Robinhood Wallet to all global iOS users, with no waitlist or invitation code required to use it anymore. Further, the company announced limited USDC rewards for users who transfer crypto funds from Robinhood Crypto or another wallet to their new Robinhood Wallet.

Robinhood Announces USDC Rewards and Support for Ethereum Network

Robinhood Wallet is now available to all iOS global users, the financial services firm announced Wednesday in a blog post. The wallet has been rolled out to more than 1 million users on the waitlist through the Apple app store, with no invitation code required.

Users can start using their new Robinood Wallet and earn up to 5 USD Coin (USDC) after transferring $10 in crypto funds from Robinhood Crypto. Alternatively, those who transfer $10 from another wallet or crypto exchange to their Robinhood Wallet can earn up to 1 USDC for a limited time, the company wrote in the post.

In addition, Robinhood also announced support for Ethereum and more than 50 ERC tokens, as well as the ability to transfer tokens like COMP, MATIC, SHIB, SOL, UNI, and USDC, among others. Until now, Robinhood Wallet has been only supporting the Polygon network, but the company added support for Ethereum upon users’ requests for more coins and chains.

“The feedback we’ve received for Robinhood Wallet since first launching in beta has been extremely positive,” said Johann Kerbrat, GM of Robinhood Crypto. “Users have told us they love how accessible and easy to use the app is, and that they really enjoy the ability to self-custody their digital assets and swap with no network fees on Polygon.”

– Johann Kerbrat, GM of Robinhood Crypto.

What is the Robinhood Wallet?

Launched in September 2022, Robinhood Wallet is a self-custody, Web3 wallet that allows users to hold and swap assets and interact with a broad range of decentralized applications (dApps). It was initially rolled out to 10,000 users who signed up for the testing period before the public release.

Robinhood, a stock and crypto trading app that saw unprecedented growth amid the pandemic boom, has suffered a harsh decline in the past two years. Last month, the company reported its crypto trading revenue fell 24% in Q4 2022, a year after it suffered a net loss of $423 million.

On a more positive note, the company reported $3.7 billion in crypto trading volume in January, a substantial increase of 95% from December. The data represents a welcome change for the troubled crypto and stock broker, which has lost millions of users since its peak.

This article originally appeared on The Tokenist

HOOD – Is Robinhood a Turnaround?

Robinhood Markets Inc. (

HOOD, Financial) is one of the most popular stock brokerage platforms in the U.S, having pioneered the concept of “free trading.” The company’s platform experienced a major surge in popularity during the Covid-19 lockdown of 2020, as many stimulus check-fueled consumers took to the app to invest in stocks. This was a perfect storm for Robinhood as meme stocks became popular among users of its platform. However, the Gamestop (GME, Financial) short squeeze signified the peak of this exuberance, as the company put the trading of the stock on hold on its platform.

This caused outrage among many users at the time and several conspiracy theories surfaced in regard the company’s relationship with Citadel Capital, an investor of Robinhood that was known to have been shorting Gamestop.

During a similar period, the high inflation numbers for the U.S were first announced and a major sell-off in growth stocks ensued. As stock prices fell, trading slowed down and Robinhood’s share price was butchered by over 72% from its initial public offering price.

A positive for the company is its share price may be getting close to value territory, which could be why many gurus have recently invested in the stock.


Mixed fourth-quarter financials

Robinhood recently reported mixed financial results for the fourth quarter of 2022. Revenue of $380 million missed analysts’ expectations by $15.16 million, despite increasing by 4% year over year.

This may not seem like a fast growth rate for a growth company, and it is not. However, in comparison to prior quarters, it was an improvement. In the third quarter of 2022, the company reported 1.1% year over year decline and in the second quarter, Robinhood reported an atrocious 43% decline in revenue.

Therefore, the trend moving into 2023 is positive and could signal a bottom in terms of revenue and the stock price.


A major positive for Robinhood is it increased its monthly active users by 600,000 in January, bringing the total to 12 million MAUs on the platform.

In addition, its net funded accounts rose to 23 million in January, up by 60,000 since the end of 2022. Its assets under custody have also increased by 20% since December to $74.7 billion.

These are all immensely positive signs for Robinhood that could signal a return of retail trading activity. For example, many artificial intelligence stocks, such as C3.AI (

AI, Financial) and SoundHound (SOUN, Financial), have skyrocketed by over 90% recently, which may have been driven by retail momentum. Although the trading volume is not as extensive as the prior short squeezes, given the tepid macroeconomic environment, it is a positive sign.


Breaking down Robinhood’s trading volumes for January, the equity trading volume increased by a solid 19% to $46 billion. In addition, options contracts rose by 10% to 82.9 million, which is usually a sign of bullish momentum.

Robinhood’s cryptocurrency trading volume also increased by a surprising 95% to $3.7 billion. This was after an eye-watering 24% decline in crypto revenue to $39 million in the fourth quarter of 2022. The company launched crypto wallets in the first quarter of last year, which was quite late relative to other companies such as Block (

SQ, Financial) and Coinbase (COIN, Financial). However, the company still managed to generate a waiting list of 1.6 million users pre-launch.

Since that point, the company has continued to bolster its crypto platform by offering detailed explanations of terms such as “network fees” and “transaction ID,” which can still confuse many users. In addition, the company offered 24/7 call support to help its platform users. Robinhood has also partnered with a blockchain data analytics company called Chainalysis to help meet the necessary compliance and build trust with its platform. This is especially important given the recent collapse of the FTX crypto exchange.

Further, the company introduced a cash sard in partnership with Mastercard (

MA, Financial) to help increase the use of its brokerage account. I believe this is a great strategy as it means users are more likely to use their Robinhood account multiple times per day, as opposed to just when they are planning to trade.

Profitability challenges

Moving onto profitability, Robinhood reported a loss of 19 cents per share, which missed analysts’ projections by 7 cents.

However, the company’s losses have narrowed from $484 million in the fourth quarter of 2020 to a $156 million loss in the same period of 2022.

The company also has a strong balance sheet with cash and cash equivalents of $6.33 billion. In addition, the company has $1.9 billion in total debt, which looks to be manageable given the strong cash position and the majority is long-term debt.

Valuation and guru investors

Robinhood trades at a price-sales ratio of 6.2, which is cheaper than its prior levels.


In terms of guru investors, Robinhood appears to have been a fairly popular stock in the fourth quarter of 2022.

Value investor

Joel Greenblatt
(Trades, Portfolio)’s Gotham Capital opened a new position, loaded up on 14,461 shares, which traded at an average price of $9.80 per share during the quarter. Given Greenblatt tends to invest in companies that are undervalued but also offer growth potential, this is a positive sign.

The legendary

Paul Tudor Jones
(Trades, Portfolio) of Tudor Investment Corp. also purchased 244,460 shares during the quarter.

The world’s largest hedge fund, Bridgewater Associates (founded by

Ray Dalio
(Trades, Portfolio)), increased its holding by 339.35%, bringing the total to 294,609 shares. Given Dalio’s firm tends to look for investments with an “asymmetric risk-reward” profile, this is another good sign.

Final thoughts

Robinhood is a true pioneer in the stock trading world, having “democratized” trading for many individuals. Many brokerages have also now followed suit and offered free trading in order to maintain competitive.

The company is still facing many headwinds from the macroeconomic environment surrounding growth stocks, but the recently announced positive figures for January do not seem to have been fully taken into account by the market yet. Despite a disappointing fourth quarter, the recent numbers indicate a turnaround is a possibility.

HOOD – Robinhood Reports $3.7B January Crypto Volume, Up 95%


On Wednesday, February 15th, Robinhood published its operating data for January. While many of the provided numbers showed a notable increase from the last month of 2022, the broker’s cryptocurrency trading volume was perhaps the biggest standout being up a staggering 95%.

Robinhood January Crypto Trading Volume Up 95%

This Wednesday, the online broker Robinhood revealed its operating data for January 2023. The information showed increased numbers in most categories with, for example, Assets Under Custody rising 20% to $74.7 billion. Notional Trading Volumes also saw an increase across the board.

Equity volumes amounted to $46 billion, a 19% increase, and options contracts were also up by 10%. Still, perhaps the most impressive figure of the report came from cryptocurrency trading volumes. After suffering a sharp decline in the wake of the FTX bankruptcy in November 2022, they were up 95% in January 2023 and stood at $3.7 billion. The broker has been offering cryptocurrency trading since 2018.

While significantly below its all-time highs, Robinhood shares have been doing fairly well since the start of the year. Year-to-date, HOOD is up nearly 32%. However, the company’s shares also went through a decline after the Q4 results were published, despite an initial slight upturn, as it had missed most of the estimates.

Robinhood also already found itself a target of an embarrassing if short hack. In late January, the broker’s Twitter account was compromised and used to promote a fraudulent token offering for just under an hour.

Early 2023 Brings a Renewed Interest in Cryptocurrencies

While multiple firms with major connections to digital assets delivered disappointing results for the final quarter of 2022, their upcoming reports might just tell a different story. Robinhood’s cryptocurrency trading volume increase is very much in line with a market rally, and renewed interest that the markets saw in January.

Furthermore, while a set of aggressive actions undertaken by US regulators in early February created a fear-and-doubt-filled atmosphere for several days, the sentiment has by this Wednesday once again turned bullish—at least for the time being—as Bitcoin reached a six-month high and rose above $24,000.

Still, the ongoing disruption caused by the collapse of FTX—most recently felt in the form of Genesis’ bankruptcy—and the heightened regulatory scrutiny still pose a threat to a possible longer-running 2023 rally. Just in the last seven days, the SEC managed to cast doubt on the future of crypto staking when it announced an enforcement action against and a settlement with Kraken, and disrupt the stablecoin market with a Wells notice sent to BUSD-issuer Paxos.

This article originally appeared on The Tokenist

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HOOD – This 1 Rule Change Could Crush Robinhood’s Business

We’re only three years removed from the start of the COVID-19 pandemic, but given the sequence of events, it feels like a lifetime ago. That’s even more the case for investors who own shares in Robinhood Markets (HOOD -0.99%), the brokerage platform getting so much Generation Z attention. 

The world looks very different now — social restrictions have greatly eased and U.S. government stimulus is nearly all gone. Elsewhere, the enthusiasm for Robinhood stock has evaporated along with the enthusiasm for the stock market among young people. 

To make matters worse for the online trading platform, the Securities and Exchange Commission (SEC) just proposed a major change to the rules surrounding payment for order flow (PFOF), a stock trading practice that helps Robinhood generates most of its revenue. Here’s how the company might be affected. 

Here’s how payment for order flow works

The traditional stock brokerage fee model is simple: A customer buys or sells a stock (or any financial instrument), and the broker takes a commission based on the dollar volume of the transaction. But new-age brokerages like Robinhood have found a way for customers to trade under a zero-commission structure that uses a practice called payment for order flow.

PFOF involves Robinhood partnering with a group of market makers who purchase customer orders from Robinhood for a fee. The market maker then executes the customers’ orders at a price that is slightly worse than the live market price and pockets the difference — this all happens in a matter of seconds. In return, customers pay no commission and are assured their orders will (almost) always be executed. 

Technically, though, the customer is paying a fee — it’s just hidden. Hiding the practice was grounds for the SEC to cite Robinhood for misleading advertising back in 2020, levying a $65 million fine.

The SEC this month proposed new rules that would ensure competition in the PFOF space, meaning Robinhood would have to give market makers an opportunity to bid on customer orders. This would likely drive down the amount of fees Robinhood receives. That’s great for Robinhood’s clients, but it’s bad for Robinhood because its PFOF fees are determined based on how much income market makers generate.

If market makers are bringing in less money due to a more competitive landscape, then Robinhood’s revenue could be decimated. For context, PFOF accounted for 63% of Robinhood’s total revenue through the first nine months of 2022, so these changes would really shake up its business. 

Robinhood faces other challenges, too

Robinhood’s user base is shrinking. Since the era of ultra-low interest rates and U.S. government stimulus ended in 2021, the exuberance for the stock market evaporated and it took the enthusiasm of retail investors along with it. Robinhood’s monthly active user base has now declined for six quarters in a row, dropping 34% in the last 12 months alone.

A chart of Robinhood's monthly active users.

On the plus side, the amount of revenue Robinhood earns from each user ticked up 3% year over year to $66 in the fourth quarter, resulting in a 5% increase in total revenue, which climbed to $380 million. That certainly isn’t blockbuster growth, but it does mark three straight quarters of sequential increases for both metrics.

The company has been riding a strong tailwind from the rapid rise in interest rates recently. Robinhood earns money when customers leave cash sitting in their accounts, and in the fourth quarter, net interest revenue soared 165% to $167 million.

But the company’s declining assets under custody are a concern. Customers held just $62 billion in cash and financial assets with Robinhood in the fourth quarter, which was the lowest level since the end of 2020.

There was a 62% decline year over year in the dollar value of customers’ cryptocurrency holdings, for example, which is a segment Robinhood bet big on over the last couple of years, yet it appears to be fizzling out.

Robinhood’s future appears uncertain

The SEC is giving interested parties until March 31 to provide input on the proposed changes to PFOF. Robinhood’s management recently voiced its opposition to the new rules and said it would do everything in its power to avoid transitioning to a commission-based fee structure. After all, no-commission trading is what differentiated Robinhood from most other major brokerage firms.

But the company’s long-term growth trajectory has always been limited. Why? Because PFOF is a banned practice in almost every major country except the U.S. As a result, global expansion isn’t a straightforward proposition. And with the walls potentially closing in domestically, combined with a retail investor base that is somewhat disengaged relative to two years ago, there are real questions about Robinhood’s future.

It’s little wonder Robinhood stock is down 88% from its all-time high. Investors value the company at $8.8 billion right now. But it has $6.3 billion in cash on its balance sheet, so they’re effectively implying the business itself is worth just $2.5 billion.

Internal struggles aside, this stock might be one to avoid until there’s a clear verdict on the future of PFOF. Even then, there are far more attractive growth propositions in the stock market right now. 

HOOD – Robinhood wins dismissal of shareholder lawsuit over 2021 IPO

A U.S. judge on Friday dismissed a lawsuit accusing Robinhood Markets Inc. of misleading investors about the online brokerage’s financials and growth prospects when conducting its 2021 initial public offering.

U.S. District Judge Edward Chen in San Francisco found no proof that disclosures in Robinhood’s IPO materials were false or misleading or that declines in key metrics shortly before the company went public in July 2021 were historically extraordinary.


An electronic screen at Nasdaq displays Robinhood in New York’s Times Square following the company’s IPO July 29, 2021.  (AP Photo/Mark Lennihan, File / AP Newsroom)

Ticker Security Last Change Change %

He said Robinhood’s warnings about future growth were “not particularly robust,” but were sufficient.

“Plaintiffs thus failed to plead that Robinhood did not disclose ‘material factors’ that would make an investment in Robinhood speculative or risky,” Chen wrote.


Shareholders in the proposed class action said Robinhood had concealed “severe deterioration” in the two months before the Menlo Park, California-based company’s IPO.

They said this included the number of people who actively used its platform, how much revenue it generated, assets under custody and a 90% decline in cryptocurrency trading volume.

robinhood co-founder vladimir tenev

Vladimir Tenev, CEO and co-founder of Robinhood, is shown on an electronic screen at Nasdaq in New York’s Times Square following his company’s IPO July 29, 2021.  (AP Photo/Mark Lennihan / AP Newsroom)

Shareholders said Robinhood’s stock price fell as much as 82% to $6.81 last June from the $38 IPO price as the company became, in the words of a JPMorgan analyst, “a growth company without the growth.”


Chen also dismissed claims against Robinhood Chief Executive Vladimir Tenev, other company officials and the IPO underwriters led by Goldman Sachs and JPMorgan.

The plaintiffs were led by Vinod Sodha, a psychiatrist from Beverly Hills, California, and his daughter Amee Sodha, a doctor from Millburn, New Jersey. Chen gave them permission to file an amended complaint.

Robinhood rings the opening bell

Baiju Bhatt and Vlad Tenev celebrate after ringing the bell on Robinhood Markets’ IPO Listing Day July 29, 2021, in New York City.  (Cindy Ord/Getty Images for Robinhood / Getty Images)

Lawyers for the plaintiffs did not immediately respond to requests for comment. Robinhood and its lawyers did not immediately respond to similar requests.


Robinhood reported on Wednesday a loss for 2022 of $1.03 billion, or $1.17 per share, on net revenue of $1.36 billion.

The case is Sodha et al v. Robinhood Markets Inc et al, U.S. District Court, Northern District of California, No. 21-09767.

HOOD – Robinhood Markets, Inc. (HOOD) Q4 2022 Earnings Call Transcript

Robinhood Markets, Inc. (NASDAQ:HOOD) Q4 2022 Earnings Conference Call February 8, 2023 5:00 PM ET

Company Participants

Chris Koegel – Vice President and Head-Investor Relations

Vlad Tenev – Chief Executive Officer and Co-Founder

Jason Warnick – Chief Financial Officer

Conference Call Participants

Devin Ryan – JMP Securities

Will Nance – Goldman Sachs

Steven Chubak – Wolfe Research

Richard Repetto – Piper Sandler

Kenneth Worthington – JPMorgan

Michael Cyprys – Morgan Stanley

Benjamin Budish – Barclays

Alex Markgraff – KeyBanc Capital Markets


Good day, and thank you for standing by. Welcome to the Robinhood Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be questions and answers from retail shareholders provided by Say Technologies, followed by a live question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to Chris Koegel, Vice President and Head of Investor Relations. Please go ahead.

Chris Koegel

Thank you, Latif. Welcome, everyone, and thank you for joining us for Robinhood’s fourth quarter earnings call. With us today are CEO and Co-Founder, Vlad Tenev; and CFO, Jason Warnick. Before getting started, I want to remind you that today’s conference call will contain certain forward-looking statements about our financial outlook and plans. Actual results could differ materially from our expectations, and we have no duty to provide updates unless legally required. Potential risk factors that could cause differences, including regulatory developments that we continue to monitor, are described in our press release issued today, the related slide presentation on our Investor Relations website, our Form 10-Q filed November 2, 2022, and in our other SEC filings.

Today’s discussion will also include non-GAAP financial measures. Reconciliations to the GAAP results we consider most comparable

HOOD – Robinhood Hits Back at SEC, Warns of Threat to Zero-Commission Trading

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