Roblox (NYSE:RBLX – Get Free Report) is scheduled to issue its quarterly earnings data on Wednesday, September 20th.
Roblox (NYSE:RBLX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 9th. The company reported ($0.46) EPS for the quarter, hitting the consensus estimate of ($0.46). The company had revenue of $780.69 million during the quarter, compared to analyst estimates of $784.99 million. Roblox had a negative return on equity of 399.93% and a negative net margin of 46.81%. Roblox’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) earnings per share. On average, analysts expect Roblox to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
Roblox Stock Performance
NYSE RBLX opened at $27.61 on Tuesday. The firm has a market cap of $15.64 billion, a price-to-earnings ratio of -14.68 and a beta of 1.69. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 6.12. The business has a 50-day moving average price of $33.48 and a 200-day moving average price of $38.25. Roblox has a twelve month low of $25.32 and a twelve month high of $47.67.
Insider Activity
In other news, CAO Amy Marie Rawlings sold 3,089 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $27.14, for a total value of $83,835.46. Following the completion of the transaction, the chief accounting officer now owns 92,556 shares of the company’s stock, valued at approximately $2,511,969.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Amy Marie Rawlings sold 3,089 shares of Roblox stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $27.14, for a total value of $83,835.46. Following the completion of the transaction, the chief accounting officer now owns 92,556 shares in the company, valued at approximately $2,511,969.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Daniel Sturman sold 9,204 shares of Roblox stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $27.14, for a total value of $249,796.56. Following the completion of the transaction, the chief technology officer now owns 504,771 shares of the company’s stock, valued at approximately $13,699,484.94. The disclosure for this sale can be found here. Insiders sold a total of 973,542 shares of company stock valued at $31,848,238 in the last quarter. 27.67% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Roblox
Large investors have recently bought and sold shares of the company. Resurgent Financial Advisors LLC purchased a new stake in Roblox during the 4th quarter worth approximately $25,000. 1832 Asset Management L.P. purchased a new stake in Roblox during the 1st quarter worth approximately $32,000. Penserra Capital Management LLC purchased a new stake in Roblox during the 4th quarter worth approximately $43,000. High Net Worth Advisory Group LLC increased its stake in Roblox by 900.0% during the 1st quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock worth $46,000 after buying an additional 900 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in Roblox by 31.9% during the 4th quarter. Harbour Investments Inc. now owns 2,289 shares of the company’s stock worth $65,000 after buying an additional 553 shares in the last quarter. 69.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on RBLX shares. Barclays dropped their price objective on Roblox from $32.00 to $26.00 and set an “underweight” rating for the company in a research note on Thursday, August 10th. Deutsche Bank Aktiengesellschaft decreased their target price on Roblox from $55.00 to $45.00 in a research report on Thursday, August 10th. Canaccord Genuity Group decreased their target price on Roblox from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, August 11th. Morgan Stanley upgraded Roblox from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $26.00 to $30.00 in a research report on Thursday, August 10th. Finally, Benchmark decreased their target price on Roblox from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.36.
Roblox Company Profile
Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.