The digital brokerage reported earnings that underwhelmed investors.
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The digital brokerage reported earnings that underwhelmed investors.
Robinhood Markets (HOOD) has been under pressure after its stock fell more than 13% following first quarter results that missed analyst expectations, driven by a 47% drop in crypto transaction revenue and a higher expense outlook. See our latest analysis for Robinhood Markets. The sharp post earnings selloff sits against a mixed recent record, with a 7 day share price return of 12.75% and a year to date share price return of 36.73% decline. At the same time, the 1 year total shareholder...
Some of Robinhood's biggest growth drivers have hit a wall, and it was entirely predictable.