In yesterday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $36.76, down -2.85% from the previous session.
RBLX stock price is now -8.90% away from the 50-day moving average and -0.84% away from the 200-day moving average. The market capitalization of the company currently stands at $23.22B.
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 Gregory, Director sold 13,000 shares of the company’s stock on Mar 27 ’24. The stock was sold for $489,304 at an average price of $37.64. Upon completion of the transaction, the Director now directly owns 9,760,603 shares in the company, valued at $358.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’24, President & CEO Baszucki David sold 41,666 shares of the business’s stock. A total of $1,523,085 was realized by selling the stock at an average price of $36.55. This leaves the insider owning 333,334 shares of the company worth $12.25 million. A total of 22.57% 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 $40.31 and a two-hundred day moving average price translates $37.06 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.
