Roblox (NYSE:RBLX) Stock Price Down 0.4% (2024)

Shares of Roblox Co. (NYSE:RBLX - Get Free Report) traded down 0.4% during mid-day trading on Friday . The company traded as low as $36.77 and last traded at $37.01. 834,485 shares traded hands during trading, a decline of 89% from the average session volume of 7,402,869 shares. The stock had previously closed at $37.17.

Analyst Ratings Changes

Several analysts have recently commented on RBLX shares. Morgan Stanley decreased their price target on shares of Roblox from $42.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, May 10th. Moffett Nathanson raised Roblox from a "sell" rating to a "neutral" rating and lowered their target price for the company from $31.00 to $26.00 in a research note on Friday, May 10th. BMO Capital Markets reaffirmed an "outperform" rating and set a $56.00 price target on shares of Roblox in a research note on Tuesday, July 30th. Roth Capital lowered Roblox from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 14th. Finally, Wolfe Research assumed coverage on Roblox in a report on Tuesday, July 16th. They set a "peer perform" rating for the company. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

View Our Latest Analysis on RBLX

Roblox Stock Down 0.4 %

The company has a market capitalization of $21.88 billion, a P/E ratio of -19.90 and a beta of 1.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. The firm has a fifty day simple moving average of $37.86 and a 200-day simple moving average of $37.99.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.07. Roblox had a negative return on equity of 1,285.39% and a negative net margin of 34.12%. The business had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. During the same period in the previous year, the firm earned ($0.46) EPS. Roblox's quarterly revenue was up 31.2% compared to the same quarter last year. On average, equities research analysts expect that Roblox Co. will post -1.64 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Michael Guthrie sold 900 shares of the business's stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $35.00, for a total value of $31,500.00. Following the sale, the chief financial officer now directly owns 374,633 shares in the company, valued at $13,112,155. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Michael Guthrie sold 900 shares of the firm's stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $35.00, for a total transaction of $31,500.00. Following the completion of the transaction, the chief financial officer now directly owns 374,633 shares of the company's stock, valued at approximately $13,112,155. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $40.45, for a total transaction of $525,850.00. Following the completion of the sale, the director now owns 9,708,603 shares in the company, valued at $392,712,991.35. The disclosure for this sale can be found here. Insiders have sold a total of 476,889 shares of company stock worth $17,575,955 over the last ninety days. Company insiders own 22.15% of the company's stock.

Hedge Funds Weigh In On Roblox

A number of large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in Roblox during the fourth quarter valued at approximately $25,000. PARK CIRCLE Co acquired a new stake in shares of Roblox in the 2nd quarter valued at approximately $30,000. Gilliland Jeter Wealth Management LLC grew its stake in shares of Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock valued at $37,000 after buying an additional 506 shares in the last quarter. Washington Trust Advisors Inc. acquired a new position in Roblox during the first quarter worth $39,000. Finally, Allworth Financial LP raised its position in Roblox by 90.2% during the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company's stock worth $57,000 after acquiring an additional 587 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Roblox Company Profile

(Get Free Report)

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It 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 experience; and Roblox Cloud, which provides services and infrastructure that power the platform.

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