The price of Roblox Corporation (NYSE:RBLX) shares last traded on Wall Street rose 1.54% to $66.05.
RBLX stock price is now 6.23% away from the 50-day moving average and 42.82% away from the 200-day moving average. The market capitalization of the company currently stands at $43.32B.
With the price target maintained at $34, MoffettNathanson recently Downgraded its rating from Neutral to Sell for Roblox Corporation (NYSE: RBLX). On December 12, 2024, HSBC Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $63, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Guthrie Michael, Officer bought 26,154 shares of the company’s stock on Feb 11 ’25. The stock was bought for $1,724,674 at an average price of $65.94. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 11 ’25, Officer Bronstein Manuel bought 26,149 shares of the business’s stock. A total of $1,724,267 was incurred on buying the stock at an average price of $65.94. A total of 16.93% 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 $75.74. As of last week, the company has a debt-to-equity ratio of 7.57, a current ratio of 0.85, and a quick ratio of 0.81. The fifty day moving average price for RBLX is $61.8354 and a two-hundred day moving average price translates $46.0916 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for 2024-09-30. The net profit margin was -25.97% and return on equity was -628.33% 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. For the current quarter, analysts expect RBLX to generate $1.14B in revenue.
