Roblox Corporation (NYSE:RBLX) shares traded 2.18% higher at $37.48 on Wall Street last session.
In accordance with the data, 29 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 $20.00, we find $45.00. Given the previous closing price of $36.68, this indicates a potential upside of 22.68 percent. RBLX stock price is now -7.57% away from the 50-day moving average and -2.01% away from the 200-day moving average. The market capitalization of the company currently stands at $22.40B.
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It has been rated a hold by 7 analysts and a buy by 12. Brokers who have rated the stock have averaged $41.82 as their price target over the next twelve months.
With the price target of $48, Canaccord Genuity recently initiated with Buy rating for Roblox Corporation (NYSE: RBLX).
In other news, Baszucki Gregory, Director sold 8,333 shares of the company’s stock on Jul 25. The stock was sold for $332,710 at an average price of $39.93. Upon completion of the transaction, the Director now directly owns 9,863,601 shares in the company, valued at $369.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 19, President & CEO Baszucki David sold 146,154 shares of the business’s stock. A total of $6,728,346 was realized by selling the stock at an average price of $46.04. This leaves the insider owning 1 shares of the company worth $37.48. Insiders disposed of 21,012,793 shares of company stock worth roughly $787.56 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 $62,419,000. YIHENG CAPITAL MANAGEMENT, L.P. invested $37,790,000 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 $22,993,000. CAVALRY MANAGEMENT GROUP, LLC acquired a new stake in RBLX for approximately $19,052,000. SRS INVESTMENT MANAGEMENT, LLC purchased a new stake in RBLX valued at around $18,444,000 in the second quarter.
Roblox Corporation (NYSE: RBLX) opened at $38.00 on Friday. During the past 12 months, Roblox Corporation has had a low of $25.32 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 $40.51 and a two-hundred day moving average price translates $38.22 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 $784.86M 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.
