Robinhood Markets Inc (NASDAQ: HOOD) reported mixed third-quarter financial results this week. Following the report, one analyst took a somewhat bullish stance, one remained neutral and one was negative. Here's a look at what the three analysts had to say about the quarter.
Q3 Earnings: Robinhood reported third-quarter revenue of $467 million, missing the consensus estimate of $478.2 million, according to Benzinga Pro. The company beat earnings estimates, reporting a loss of 9 cents per share versus an expected loss of 10 cents per share.
Monthly active users decreased 16% year-over-year to 10.3 million, but average revenue per user increased 27%.
Analyst Take: Mizuho analyst Dan Dolev was the most bullish of the trio. He maintained a Buy rating but lowered the price target from $15 to $14, citing soft top-line results.
"Although HOOD's results fell short of consensus, we see several notable positives," Dolev said in a note to clients.
Mizuho highlighted an uptick in net cumulative accounts and ...