The stock of Roblox Corporation (NYSE:RBLX) last traded at $32.53, down -5.46% from the previous session.
Data from the available sources indicates that Roblox Corporation (NYSE:RBLX) is covered by 26 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $56.00 and a low of $19.00, we find $35.00. Given the previous closing price of $34.41, this indicates a potential upside of 1.71 percent. RBLX stock price is now -17.69% away from the 50-day moving average and -20.22% away from the 200-day moving average. The market capitalization of the company currently stands at $17.82B.
In total, 9 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $39.00 as their price target over the next twelve months.
With the price target reduced from $53 to $35, JP Morgan Downgraded its rating from Overweight to Neutral for Roblox Corporation (NYSE: RBLX). On October 26, 2022, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $54, while ‘DA Davidson’ rates the stock as ‘Buy’.
In other news, Donato Craig, Chief Business Officer sold 2,000 shares of the company’s stock on Nov 15. The stock was sold for $74,620 at an average price of $37.31. Upon completion of the transaction, the Chief Business Officer now directly owns 1,168,941 shares in the company, valued at $38.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Gen. Counsel & Secretary Reinstra Mark sold 12,500 shares of the business’s stock. A total of $468,222 was realized by selling the stock at an average price of $37.46. This leaves the insider owning 244,115 shares of the company worth $7.94 million. Insiders disposed of 12,906,443 shares of company stock worth roughly $419.85 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RBLX stock. A new stake in Roblox Corporation shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $82,970,000. NORGES BANK invested $35,480,000 in shares of RBLX during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Roblox Corporation valued at approximately $28,476,000. CAVALRY MANAGEMENT GROUP, LLC acquired a new stake in RBLX for approximately $27,570,000. CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM purchased a new stake in RBLX valued at around $23,608,000 in the second quarter. In total, there are 794 active investors with 72.40% ownership of the company’s stock.
With an opening price of $33.37 on Thursday morning, Roblox Corporation (NYSE: RBLX) set off the trading day. During the past 12 months, Roblox Corporation has had a low of $21.65 and a high of $141.60. As of last week, the company has a debt-to-equity ratio of 2.33, a current ratio of 1.60, and a quick ratio of 1.60. The fifty day moving average price for RBLX is $39.52 and a two-hundred day moving average price translates $40.78 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for Jun, 2022. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.3, missing analysts’ expectations of -$0.21 by -0.09. This compares to -$0.13 EPS in the same period last year. The net profit margin was -35.10% and return on equity was -147.00% for RBLX. The company reported revenue of $517.71 million for the quarter, compared to $509.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.64 percent. For the current quarter, analysts expect RBLX to generate $686.55M in revenue.
Roblox Corporation(RBLX) Company Profile
Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. The company was incorporated in 2004 and is headquartered in San Mateo, California.