The price of Roblox Corporation (NYSE:RBLX) shares last traded on Wall Street rose 0.25% to $31.75.
Based on available information, 31 analysts follow Roblox Corporation (NYSE:RBLX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $54.00 and a low of $18.00, we find $35.15. Given the previous closing price of $31.67, this indicates a potential upside of 10.99 percent. RBLX stock price is now 11.03% away from the 50-day moving average and -13.59% away from the 200-day moving average. The market capitalization of the company currently stands at $19.58B.
Among analysts, 6 rate the stock a hold while 16 rate it a buy. Brokers who have rated the stock have averaged $36.60 as their price target over the next twelve months.
In other news, Reinstra Mark, Gen. Counsel & Secretary sold 4,000 shares of the company’s stock on Oct 18. The stock was sold for $122,480 at an average price of $30.62. Upon completion of the transaction, the Gen. Counsel & Secretary now directly owns 320,763 shares in the company, valued at $10.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 26, Director Baszucki Gregory sold 8,333 shares of the business’s stock. A total of $217,987 was realized by selling the stock at an average price of $26.16. This leaves the insider owning 9,846,935 shares of the company worth $312.64 million. Insiders disposed of 24,154,751 shares of company stock worth roughly $766.91 million over the past 1 year. A total of 25.01% 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 NORGES BANK during the first quarter worth $90,558,000. ARTISAN PARTNERS LIMITED PARTNERSHIP invested $46,425,000 in shares of RBLX during the first quarter. In the first quarter, NATIONAL PENSION SERVICE acquired a new stake in Roblox Corporation valued at approximately $22,308,000. CASTLE HOOK PARTNERS LP acquired a new stake in RBLX for approximately $20,108,000. JAT CAPITAL MGMT LP purchased a new stake in RBLX valued at around $10,160,000 in the second quarter. In total, there are 872 active investors with 51.21% ownership of the company’s stock.
A candlestick chart of Roblox Corporation (NYSE: RBLX) showed a price of $31.13 on Friday morning. During the past 12 months, Roblox Corporation has had a low of $24.88 and a high of $47.67. As of last week, the company has a debt-to-equity ratio of 10.32, a current ratio of 0.93, and a quick ratio of 0.93. The fifty day moving average price for RBLX is $28.62 and a two-hundred day moving average price translates $36.76 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for Jun, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.46, missing analysts’ expectations of -$0.45 by -0.01. This compares to -$0.30 EPS in the same period last year. The net profit margin was -46.81% and return on equity was -318.29% for RBLX. The company reported revenue of $680.77 million for the quarter, compared to $591.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.15 percent. For the current quarter, analysts expect RBLX to generate $829.48M 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.
