Roblox (NYSE:RBLX – Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Roblox to post earnings of ($0.46) per share and revenue of $1.37 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Roblox Price Performance
RBLX opened at $73.82 on Wednesday. Roblox has a 1 year low of $29.55 and a 1 year high of $73.86. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $44.85 billion, a price-to-earnings ratio of -45.01 and a beta of 1.43. The firm’s fifty day moving average price is $61.26 and its two-hundred day moving average price is $50.15.
Analyst Ratings Changes
A number of brokerages have issued reports on RBLX. CICC Research started coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Macquarie boosted their target price on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Piper Sandler reissued an “overweight” rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and an average target price of $60.05.
Insider Activity
In related news, CAO Amy Marie Rawlings sold 6,054 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $311,357.22. Following the sale, the chief accounting officer now owns 85,008 shares in the company, valued at approximately $4,371,961.44. This trade represents a 6.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Baszucki sold 6,460 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $332,237.80. Following the transaction, the chief executive officer now owns 129,295 shares of the company’s stock, valued at approximately $6,649,641.85. The trade was a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,306,335 shares of company stock worth $77,348,316 over the last ninety days. Company insiders own 22.15% of the company’s stock.
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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