Robinhood Markets Inc. (NASDAQ:HOOD) hit a new all-time stock price high of $100.92, pushing its market value to $88.82 billion. Over the past year, the company’s shares have soared over 340%, fueled by a robust 59.65% increase in revenue and a strong Financial Health Score. This surge highlights growing investor enthusiasm for Robinhood’s user-friendly trading platform, which continues to draw a broad retail investor base. The stock’s performance signals solid momentum and optimism for the company’s future prospects as it adapts to the shifting financial ecosystem.
On the regulatory front, Robinhood is facing an inquiry from Florida authorities led by Attorney General James Uthmeier. The probe focuses on allegations that Robinhood Crypto, LLC may have misled customers about cryptocurrency trading fees, potentially violating the state’s Deceptive and Unfair Practices Act.
Meanwhile, the company is advancing its acquisition plans with WonderFi Technologies. Both Glass Lewis and Institutional Shareholder Services have endorsed the deal, which will see Robinhood’s subsidiary purchase all outstanding shares of the Canadian blockchain company under British Columbia law.
On the analyst side, Raymond James has maintained a Market Perform rating for Robinhood, acknowledging strong growth in user accounts and deposits while cautioning about the current stock valuation.
In related news, Robinhood CEO Vlad Tenev’s AI startup, Harmonic AI (NASDAQ: HLIT), recently secured $100 million in Series B funding led by Kleiner Perkins, with support from Sequoia Capital and others. Valued at $875 million, Harmonic AI focuses on developing advanced AI solutions for complex mathematical challenges.
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