Roblox Co. (NYSE:RBLX – Get Free Report) CAO Amy Marie Rawlings sold 4,933 shares of Roblox stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the sale, the chief accounting officer now owns 99,617 shares in the company, valued at $4,019,545.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Roblox Price Performance
Shares of RBLX stock opened at $43.35 on Friday. The stock has a 50 day moving average price of $38.78 and a 200 day moving average price of $38.01. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.20. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $25.63 billion, a P/E ratio of -23.31 and a beta of 1.60.
Roblox (NYSE:RBLX – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. The business had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period last year, the company earned ($0.46) earnings per share. As a group, sell-side analysts predict that Roblox Co. will post -1.59 earnings per share for the current year.
Institutional Investors Weigh In On Roblox
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on RBLX. Macquarie lifted their target price on Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $40.00 price objective (down previously from $56.00) on shares of Roblox in a research note on Friday, May 10th. Canaccord Genuity Group lowered their target price on Roblox from $56.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Benchmark upped their price target on shares of Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.15.
View Our Latest Research Report on RBLX
About Roblox
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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