In yesterday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $63.74, up 2.38% from the previous session.
RBLX stock price is now 13.52% away from the 50-day moving average and 46.75% away from the 200-day moving average. The market capitalization of the company currently stands at $41.83B.
With the price target of $63, HSBC Securities recently initiated with Buy rating for Roblox Corporation (NYSE: RBLX). On November 04, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $38 to quote $65, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Baszucki Gregory, Director sold 26,000 shares of the company’s stock on Dec 26 ’24. The stock was sold for $1,552,184 at an average price of $59.70. Upon completion of the transaction, the Director now directly owns 9,415,338 shares in the company, valued at $600.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23 ’24, Chief Legal Off. & Corp. Sec. Reinstra Mark sold 24,000 shares of the business’s stock. A total of $1,433,947 was realized by selling the stock at an average price of $59.75. This leaves the insider owning 278,161 shares of the company worth $17.73 million. A total of 18.34% of the company’s stock is owned by insiders.
During the past 12 months, Roblox Corporation has had a low of $29.55 and a high of $63.58. As of last week, the company has a debt-to-equity ratio of 9.26, a current ratio of 0.81, and a quick ratio of 0.81. The fifty day moving average price for RBLX is $55.9082 and a two-hundred day moving average price translates $43.30695 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for 2024-09-30. The net profit margin was -30.90% and return on equity was -658.56% for RBLX. The company reported revenue of $918.95 million for the quarter, compared to $713.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.84 percent.
