Roblox Corporation (NYSE:RBLX) shares traded 6.57% higher at $41.83 on Wall Street last session.
In accordance with the data, 28 analysts cover Roblox Corporation (NYSE:RBLX). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $19.00, we find $41.75. Given the previous closing price of $39.25, this indicates a potential upside of 6.37 percent. RBLX stock price is now 1.78% away from the 50-day moving average and 8.93% away from the 200-day moving average. The market capitalization of the company currently stands at $25.87B.
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It has been rated a hold by 7 analysts and a buy by 11. Brokers who have rated the stock have averaged $41.10 as their price target over the next twelve months.
With the price target maintained at $45, The Benchmark Company recently Upgraded its rating from Hold to Buy for Roblox Corporation (NYSE: RBLX). On May 11, 2023, ROTH MKM Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $37 to quote $48, while ‘Jefferies’ rates the stock as ‘Buy’.
In other news, Donato Craig, Chief Business Officer sold 2,954 shares of the company’s stock on May 15. The stock was sold for $115,295 at an average price of $39.03. Upon completion of the transaction, the Chief Business Officer now directly owns 1,245,143 shares in the company, valued at $52.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25, Director Baszucki Gregory sold 8,334 shares of the business’s stock. A total of $316,000 was realized by selling the stock at an average price of $37.92. This leaves the insider owning 9,888,601 shares of the company worth $413.64 million. Insiders disposed of 20,165,527 shares of company stock worth roughly $843.52 million over the past 1 year. A total of 0.50% 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 HOLOCENE ADVISORS, LP during the first quarter worth $69,664,000. YIHENG CAPITAL MANAGEMENT, L.P. invested $42,176,000 in shares of RBLX during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in Roblox Corporation valued at approximately $25,661,000. CAVALRY MANAGEMENT GROUP, LLC acquired a new stake in RBLX for approximately $21,264,000. SRS INVESTMENT MANAGEMENT, LLC purchased a new stake in RBLX valued at around $20,585,000 in the second quarter. In total, there are 806 active investors with 75.00% ownership of the company’s stock.
Roblox Corporation (NYSE: RBLX) opened at $39.89 on Wednesday. During the past 12 months, Roblox Corporation has had a low of $23.88 and a high of $53.88. As of last week, the company has a debt-to-equity ratio of 3.99, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for RBLX is $41.10 and a two-hundred day moving average price translates $38.38 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for Mar, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.44, missing analysts’ expectations of -$0.4 by -0.04. This compares to -$0.28 EPS in the same period last year. The net profit margin was -44.10% and return on equity was -270.90% for RBLX. The company reported revenue of $655.34 million for the quarter, compared to $537.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.01 percent. For the current quarter, analysts expect RBLX to generate $783.93M 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. Roblox Corporation was incorporated in 2004 and is headquartered in San Mateo, California.
