Roblox (NYSE:RBLX – Get Rating) was downgraded by equities researchers at Truist Financial from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, The Fly reports.
Several other analysts have also recently weighed in on RBLX. Stifel Nicolaus reduced their target price on shares of Roblox from $45.00 to $40.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Roblox from $60.00 to $45.00 in a report on Thursday, May 12th. Morgan Stanley cut their price objective on shares of Roblox from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. The Goldman Sachs Group cut shares of Roblox from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $39.00 to $28.00 in a report on Thursday, June 9th. Finally, Citigroup cut their price objective on shares of Roblox from $59.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, June 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.88.
Shares of NYSE:RBLX opened at $24.69 on Friday. The firm’s 50 day moving average price is $32.50 and its 200 day moving average price is $58.08. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of -27.43 and a beta of 2.29. Roblox has a fifty-two week low of $21.65 and a fifty-two week high of $141.60. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.74.
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!
When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
Roblox (NYSE:RBLX – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The firm had revenue of $631.21 million during the quarter, compared to analyst estimates of $649.48 million. Roblox had a negative net margin of 25.01% and a negative return on equity of 89.70%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business earned ($0.46) EPS. On average, equities analysts anticipate that Roblox will post -1.06 EPS for the current year.
In other Roblox news, insider Manuel Bronstein sold 32,695 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $30.34, for a total transaction of $991,966.30. Following the sale, the insider now directly owns 839,977 shares in the company, valued at approximately $25,484,902.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Guthrie sold 7,882 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $30.34, for a total transaction of $239,139.88. Following the completion of the sale, the chief financial officer now owns 208,343 shares in the company, valued at $6,321,126.62. The disclosure for this sale can be found here. Company insiders own 28.22% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Altos Ventures Management Inc. purchased a new stake in shares of Roblox in the 4th quarter worth about $8,539,770,000. Morgan Stanley boosted its position in shares of Roblox by 269.0% in the 2nd quarter. Morgan Stanley now owns 18,737,506 shares of the company’s stock worth $1,686,002,000 after buying an additional 13,659,143 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Roblox by 39.4% in the 1st quarter. Vanguard Group Inc. now owns 16,084,809 shares of the company’s stock worth $743,762,000 after buying an additional 4,546,253 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Roblox by 106.0% in the 4th quarter. Jennison Associates LLC now owns 13,427,652 shares of the company’s stock worth $1,385,197,000 after buying an additional 6,908,284 shares in the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in shares of Roblox in the 1st quarter worth about $362,598,000. Institutional investors and hedge funds own 68.00% of the company’s stock.
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.
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