Robinhood stock slides again after crypto revenue miss; investors look to March 4 “Take Flight”
Robinhood shares fell 5.6% to $73.61 Thursday after quarterly revenue missed estimates and crypto trading slumped 38%. The company reported Q4 revenue of $1.28 billion, below forecasts, but profit beat expectations at 66 cents per share. Former CFO Jason Warnick sold 125,000 shares last week. JPMorgan cut its price target, and analysts flagged risks from weak trading volumes and rising expenses.