Robinhood’s stock reached a three-year high of $57.27 ahead of its Q4 and full-year 2024 results, reflecting investor optimism.
The company saw a 72% year-over-year increase in transaction revenues, driven by cryptocurrencies and options.
Despite a recent dip to $53.34, Robinhood’s market capitalization stands at approximately $47.15 billion, with a trading volume of 20,520,304 shares.
On February 12, 2025, UBS maintained its “Outperform” rating for Robinhood (NASDAQ:HOOD), with the stock priced at $53.34. Robinhood, a popular trading platform known for its commission-free trades, has been making waves in the financial markets. The company competes with other trading platforms like E*TRADE and Charles Schwab.
Robinhood’s stock has recently reached a three-year high of $57.27, just before the release of its fourth-quarter and full-year 2024 results. This rise in stock price reflects investor optimism, especially after a strong third-quarter performance. The company benefited from a surge in crypto trading and increased net interest income, which significantly boosted its revenue.
Transaction revenues, Robinhood’s largest revenue source, saw a 72% year-over-year increase. This growth was driven by improvements in cryptocurrencies and options revenues. The company has a track record of surpassing earnings expectations, having outperformed the Zacks Consensus Estimate in three of the last four quarters.
Despite the recent high, the current stock price of $53.34 marks a 5.21% decrease from its peak. The stock has traded between $53.29 and $55.99 today, with a market capitalization of approximately $47.15 billion. The trading volume for the day is 20,520,304 shares on the NASDAQ exchange.
Robinhood Director Baiju Bhatt’s sale of $5 million in options ahead of the Q4 earnings announcement, as reported by Benzinga, adds another layer of interest. With solid client activity and higher trading volumes anticipated, Robinhood is expected to continue its strong performance.