Robinhood Markets, Inc. (HOOD)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Robinhood Markets, Inc. ("Robinhood" or the "Company") (NASDAQ: HOOD). The investigation concerns whether Robinhood and certain of its officers and/or directors have violated federal securities laws.

 

On July 30, 2021, Robinhood conducted its initial public offering (“IPO”), issuing 55 million shares priced at $38.00 per share. Then, on October 26, 2021, Robinhood announced its 2021 third-quarter financial results.  Among other items, Robinhood reported third-quarter revenue that fell short of consensus estimates on crypto transaction revenue totaling only $51 million, a 78% plunge compared to the preceding quarter.  On this news, Robinhood’s stock price fell $4.13 per share, or 10.44%, to close at $35.44 per share on October 27, 2021.

 

If you are aware of any facts relating to this investigation, or purchased Robinhood shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.