In yesterday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $42.04, up 3.83% from the previous session.
27 analysts cover Roblox Corporation (NYSE:RBLX), according to research data. 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 $46.00. Given the previous closing price of $40.49, this indicates a potential upside of 13.61 percent. RBLX stock price is now 20.45% away from the 50-day moving average and 14.09% away from the 200-day moving average. The market capitalization of the company currently stands at $26.22B.
The stock has received a hold rating from 4 analysts and a buy rating from 17. Brokers who have rated the stock have averaged $43.27 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 $413.26 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 $138.1 million. Insiders disposed of 24,542,926 shares of company stock worth roughly $1.03 billion over the past 1 year. A total of 25.31% of the company’s stock is owned by insiders.
On Tuesday morning Roblox Corporation (NYSE: RBLX) stock kicked off with the opening price of $40.59. 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 $34.90 and a two-hundred day moving average price translates $36.85 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 $1.07B 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.
