The price of Roblox Corporation (NYSE:RBLX) shares last traded on Wall Street rose 1.72% to $37.29.
RBLX stock price is now -7.89% away from the 50-day moving average and 0.52% away from the 200-day moving average. The market capitalization of the company currently stands at $23.55B.
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With the price target enhanced from $35 to $48, Goldman Upgraded its rating from Sell to Neutral for Roblox Corporation (NYSE: RBLX). On February 08, 2024, Barclays Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $26 to quote $46, while ‘Needham’ rates the stock as ‘Buy’
In other news, Baszucki David, President & CEO sold 41,666 shares of the company’s stock on Mar 25 ’24. The stock was sold for $1,523,085 at an average price of $36.55. Upon completion of the transaction, the President & CEO now directly owns 333,334 shares in the company, valued at $12.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’24, Gen. Counsel & Secretary Reinstra Mark sold 4,000 shares of the business’s stock. A total of $146,000 was realized by selling the stock at an average price of $36.50. This leaves the insider owning 359,453 shares of the company worth $13.4 million. A total of 22.53% 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 23.11, a current ratio of 0.91, and a quick ratio of 0.91. The fifty day moving average price for RBLX is $40.41 and a two-hundred day moving average price translates $37.09 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for Dec, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.52, beating analysts’ expectations of -$0.55 by 0.03. This compares to -$0.49 EPS in the same period last year. The net profit margin was -41.15% and return on equity was -602.61% for RBLX. The company reported revenue of $749.94 million for the quarter, compared to $579.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.52 percent. For the current quarter, analysts expect RBLX to generate $923.13M in revenue.
