The price of Roblox Corporation (NYSE:RBLX) shares last traded on Wall Street rose 3.83% to $36.30.
RBLX stock price is now -7.61% away from the 50-day moving average and -1.47% away from the 200-day moving average. The market capitalization of the company currently stands at $22.93B.
With the price target enhanced from $41 to $48, JP Morgan Upgraded its rating from Neutral to Overweight for Roblox Corporation (NYSE: RBLX). On February 08, 2024, Goldman Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $35 to quote $48, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Reinstra Mark, Gen. Counsel & Secretary sold 4,000 shares of the company’s stock on Apr 17 ’24. The stock was sold for $146,760 at an average price of $36.69. Upon completion of the transaction, the Gen. Counsel & Secretary now directly owns 359,453 shares in the company, valued at $13.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 08 ’24, President & CEO Baszucki David sold 100,000 shares of the business’s stock. A total of $3,831,250 was realized by selling the stock at an average price of $38.31. This leaves the insider owning 148,845 shares of the company worth $5.4 million. A total of 22.78% 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 $47.20. 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.
According to the Electronic Gaming & Multimedia Company, earnings per share came in at -0.44, missing analysts’ expectations of -0.4 by -0.04. 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 $922.97M in revenue.
