Roblox (NYSE:RBLX) Releases Earnings Results


Roblox logoRoblox (NYSE:RBLX – Get Rating) issued its quarterly earnings data on Tuesday. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05), MarketWatch Earnings reports. Roblox had a negative return on equity of 84.32% and a negative net margin of 25.62%. The company had revenue of $631.21 million for the quarter, compared to analyst estimates of $649.48 million. During the same quarter in the prior year, the firm earned ($0.46) EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year.

NYSE:RBLX opened at $23.19 on Wednesday. The firm has a market capitalization of $12.54 billion, a PE ratio of -21.28 and a beta of 2.29. The stock has a 50 day moving average of $40.94 and a 200-day moving average of $71.31. Roblox has a 52 week low of $21.65 and a 52 week high of $141.60. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.67.

In other news, insider Craig Donato sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $54.00, for a total transaction of $270,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 2,998 shares of the 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 have sold 15,930 shares of company stock valued at $797,939 over the last ninety days. Corporate insiders own 28.22% of the company’s stock.

See also  Spotify just entered the metaverse, with official launch on Roblox

A number of hedge funds have recently modified their holdings of RBLX. Monolith Advisors bought a new position in Roblox in the 4th quarter worth approximately $58,000. Penserra Capital Management LLC grew its holdings in Roblox by 46.7% in the 4th quarter. Penserra Capital Management LLC now owns 1,206 shares of the company’s stock worth $124,000 after buying an additional 384 shares in the last quarter. Forum Financial Management LP bought a new position in Roblox in the 4th quarter worth approximately $206,000. Crestwood Advisors Group LLC bought a new position in Roblox in the 4th quarter worth approximately $210,000. Finally, Advisors Asset Management Inc. boosted its stake in Roblox by 226.0% during the 4th quarter. Advisors Asset Management Inc. now owns 2,696 shares of the company’s stock valued at $278,000 after purchasing an additional 1,869 shares in the last quarter. 68.00% of the stock is owned by institutional investors and hedge funds.

Several research firms recently commented on RBLX. Deutsche Bank Aktiengesellschaft began coverage on Roblox in a research note on Friday, March 11th. They issued a “buy” rating and a $60.00 price target on the stock. BTIG Research cut their price target on Roblox from $99.00 to $84.00 in a research note on Friday, March 11th. Wedbush began coverage on Roblox in a research note on Monday. They issued a “neutral” rating and a $28.00 price target on the stock. Jefferies Financial Group cut their price target on Roblox from $60.00 to $50.00 and set a “hold” rating on the stock in a research note on Thursday, March 10th. Finally, MKM Partners began coverage on Roblox in a research note on Wednesday, March 30th. They issued a “neutral” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $63.47.

See also  Minkoff, Roblox'ta Canlı Yayınlanan eSpor Etkinliğini Ön Plana Çıkaran Oyun Dünyasına Daldı – WWD

Roblox Company Profile (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.

Read More

Earnings History for Roblox (NYSE:RBLX)



Receive News & Ratings for Roblox Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Roblox and related companies with MarketBeat.com’s FREE daily email newsletter.