Roblox Co. (NYSE:RBLX – Get Rating) – Equities research analysts at Wedbush issued their Q1 2022 EPS estimates for Roblox in a research note issued to investors on Monday, May 9th. Wedbush analyst N. Mckay forecasts that the company will post earnings of ($0.09) per share for the quarter. Wedbush has a “Neutral” rating and a $28.00 price target on the stock. Wedbush also issued estimates for Roblox’s Q2 2022 earnings at ($0.11) EPS, Q3 2022 earnings at ($0.12) EPS, Q4 2022 earnings at ($0.03) EPS, FY2022 earnings at ($0.35) EPS, Q1 2023 earnings at ($0.08) EPS, Q2 2023 earnings at ($0.10) EPS, Q3 2023 earnings at ($0.11) EPS, Q4 2023 earnings at ($0.02) EPS, FY2023 earnings at ($0.30) EPS, Q1 2024 earnings at ($0.07) EPS and FY2024 earnings at ($0.31) EPS. Roblox (NYSE:RBLX – Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). Roblox had a negative net margin of 25.01% and a negative return on equity of 89.21%. The business had revenue of $631.21 million during the quarter, compared to the consensus estimate of $649.48 million. During the same period in the prior year, the firm earned ($0.46) earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year.
This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile. Take your trading to the next level with the Options Strategy Guide.
A number of other analysts have also commented on the company. Daiwa Capital Markets initiated coverage on Roblox in a research report on Monday, March 28th. They issued an “outperform” rating and a $56.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Roblox from $60.00 to $45.00 in a research report on Thursday. BTIG Research lowered their price objective on Roblox from $99.00 to $84.00 in a research report on Friday, March 11th. Benchmark lowered their price objective on Roblox from $45.00 to $21.00 in a research report on Thursday. Finally, Truist Financial decreased their target price on Roblox from $70.00 to $36.00 in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Roblox currently has a consensus rating of “Hold” and an average target price of $60.00.
Roblox stock opened at $32.97 on Thursday. The stock has a 50-day simple moving average of $40.08 and a 200 day simple moving average of $70.27. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.67. Roblox has a 12-month low of $21.65 and a 12-month high of $141.60. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of -36.63 and a beta of 2.29.
Several institutional investors have recently made changes to their positions in the company. ProVise Management Group LLC raised its stake in Roblox by 1.7% in the 4th quarter. ProVise Management Group LLC now owns 8,577 shares of the company’s stock valued at $885,000 after acquiring an additional 144 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Roblox by 4.6% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,424 shares of the company’s stock valued at $353,000 after acquiring an additional 150 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Roblox by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,304 shares of the company’s stock valued at $1,580,000 after acquiring an additional 164 shares during the period. Sepio Capital LP raised its stake in Roblox by 1.8% in the 4th quarter. Sepio Capital LP now owns 9,500 shares of the company’s stock valued at $980,000 after acquiring an additional 167 shares during the period. Finally, Baystate Wealth Management LLC raised its stake in Roblox by 175.0% in the 4th quarter. Baystate Wealth Management LLC now owns 275 shares of the company’s stock valued at $28,000 after acquiring an additional 175 shares during the period. Institutional investors own 68.00% of the company’s stock.
In other news, insider Craig Donato sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Guthrie sold 2,998 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $46.87, for a total value of $140,516.26. The disclosure for this sale can be found here. Insiders sold a total of 15,930 shares of company stock worth $797,939 in the last 90 days. Company insiders own 28.22% of the company’s stock.
About Roblox (Get Rating)
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Roblox right now?
Before you consider Roblox, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Roblox wasn’t on the list.
While Roblox currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here