Does Roblox Corporation (NYSE:RBLX) have deteriorating prospects?

Roblox Corporation (NYSE:RBLX) shares traded -3.01% lower at $33.85 on Wall Street last session.

In accordance with the data, 32 analysts cover 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 $37.00. Given the previous closing price of $34.90, this indicates a potential upside of 6.02 percent. RBLX stock price is now 15.18% away from the 50-day moving average and -7.81% away from the 200-day moving average. The market capitalization of the company currently stands at $20.88B.

It has been rated a hold by 4 analysts and a buy by 19. Brokers who have rated the stock have averaged $36.83 as their price target over the next twelve months.

With the price target enhanced from $35 to $37, Truist Upgraded its rating from Hold to Buy for Roblox Corporation (NYSE: RBLX).

In other news, Baszucki Gregory, Director sold 8,333 shares of the company’s stock on Oct 23. The stock was sold for $258,765 at an average price of $31.05. Upon completion of the transaction, the Director now directly owns 9,838,602 shares in the company, valued at $333.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18, Gen. Counsel & Secretary Reinstra Mark sold 4,000 shares of the business’s stock. A total of $122,480 was realized by selling the stock at an average price of $30.62. This leaves the insider owning 320,763 shares of the company worth $10.86 million. Insiders disposed of 24,154,751 shares of company stock worth roughly $817.64 million over the past 1 year. A total of 25.00% of the company’s stock is owned by insiders.

During the past 12 months, Roblox Corporation has had a low of $24.88 and a high of $47.65. 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 $29.39 and a two-hundred day moving average price translates $36.72 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.

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