In yesterday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $40.45, up 2.90% from the previous session.
As of this writing, 30 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 $60.00 and a low of $21.00, we find $45.50. Given the previous closing price of $39.31, this indicates a potential upside of 15.75 percent. RBLX stock price is now 22.61% away from the 50-day moving average and 9.84% away from the 200-day moving average. The market capitalization of the company currently stands at $25.23B.
There are 4 analysts who have given it a hold rating, whereas 19 have given it a buy rating. Brokers who have rated the stock have averaged $42.67 as their price target over the next twelve months.
In other news, Baszucki Gregory, Director sold 8,333 shares of the company’s stock on Nov 28. The stock was sold for $324,612 at an average price of $38.95. Upon completion of the transaction, the Director now directly owns 9,830,269 shares in the company, valued at $397.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27, 10% Owner Kim Han sold 100,000 shares of the business’s stock. A total of $3,879,000 was realized by selling the stock at an average price of $38.79. This leaves the insider owning 3,284,862 shares of the company worth $132.87 million. Insiders disposed of 24,542,926 shares of company stock worth roughly $992.76 million over the past 1 year. A total of 25.33% of the company’s stock is owned by insiders.
Friday morning saw Roblox Corporation (NYSE: RBLX) opened at $39.13. 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 $33.29 and a two-hundred day moving average price translates $36.80 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for Sep, 2023. 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.
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.
