I'm a long time holder of Hood and always was a bull of the stock but I think I may be selling tomorrow. While I was always a bull I never thought the stock would reach $60 so soon and the valuation has gone a bit out of control. They benefited alot from the election boom with Crpyto and I don't think that revenue is sustainable. Half of their revenue this quarter was from Crypto and if Crypto stagnates it should return to the baseline.
However, they are still growing their membership and their assets under custody continues to increase. They also are by far the most innovative brokerage.