The price of Roblox Corporation (NYSE:RBLX) shares last traded on Wall Street rose 0.86% to $38.75.
Based on available information, 32 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 $60.00 and a low of $21.00, we find $44.50. Given the previous closing price of $38.42, this indicates a potential upside of 15.83 percent. RBLX stock price is now 27.81% away from the 50-day moving average and 5.45% away from the 200-day moving average. The market capitalization of the company currently stands at $24.17B.
Among analysts, 4 rate the stock a hold while 19 rate it a buy. Brokers who have rated the stock have averaged $41.04 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 $381.25 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 $12.43 million. Insiders disposed of 24,179,929 shares of company stock worth roughly $936.97 million over the past 1 year. A total of 24.94% of the company’s stock is owned by insiders.
A candlestick chart of Roblox Corporation (NYSE: RBLX) showed a price of $38.05 on Monday morning. 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 13.80, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for RBLX is $30.32 and a two-hundred day moving average price translates $36.75 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for Sep, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.45, beating analysts’ expectations of -$0.51 by 0.06. This compares to -$0.51 EPS in the same period last year. The net profit margin was -42.54% and return on equity was -406.98% for RBLX. The company reported revenue of $713.23 million for the quarter, compared to $517.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 37.77 percent. For the current quarter, analysts expect RBLX to generate $1.08B 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.