What's Going On With Robinhood Markets Stock After Hours?

Robinhood Markets Inc HOOD shares are bouncing around in Wednesday's after-hours session after the company released monthly metrics for April.

What Happened: Robinhood said trading volumes were lower in April than they were in March. Equity trading volumes were down 32%, options volumes were down 25% and crypto volumes were down 6%.

Net cumulative funded accounts totaled 23.1 million at the end of April, up approximately 30,000 month-over-month. Monthly active users were down approximately 300,000 from March.

Robinhood said it had $77.4 billion in assets under custody at the end of April, down 1% month-over-month. Net deposits were up 22% year-over-year. 

Check This Out: Cathie Wood Buys The Dip In Robinhood, Purchases Over $1.2M Of Shares For Innovation Fund

Wednesday's data comes on the heels of better-than-expected earnings from the financial services company last week. 

Robinhood reported first-quarter revenue of $441 million, which beat estimates of $424.53 million, and a loss of 57 cents per share, which also beat estimates. 

Robinhood said transaction revenues were up 11% year-over-year. The company added 120,0000 funded accounts in the quarter.

From Last Week: Robinhood Markets Is A 'Category Killer': Analysts' Positive Take On Q1 Earnings

HOOD Price Action: Robinhood  has a 52-week high of $12.75 and a 52-week low of $6.81.

Robinhood shares were up 0.24% after hours at $8.48, according to Benzinga Pro.

Photo: courtesy of Robinhood.