Roblox (RBLX) Scheduled to Post Earnings on Tuesday

Roblox (NYSE:RBLXGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, August 9th. Analysts expect Roblox to post earnings of ($0.24) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Roblox (NYSE:RBLXGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.06). Roblox had a negative return on equity of 89.70% and a negative net margin of 25.01%. The company had revenue of $631.21 million for the quarter, compared to analyst estimates of $649.48 million. During the same period in the previous year, the business posted ($0.46) EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts expect Roblox to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Roblox Stock Up 5.4 %

RBLX stock opened at $45.24 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.74. Roblox has a twelve month low of $21.65 and a twelve month high of $141.60. The company’s 50 day moving average is $34.57 and its two-hundred day moving average is $42.94. The stock has a market cap of $24.51 billion, a P/E ratio of -50.27 and a beta of 1.88.

Insiders Place Their Bets

In other news, insider Manuel Bronstein sold 32,695 shares of Roblox stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $30.34, for a total transaction of $991,966.30. Following the completion of the transaction, the insider now owns 839,977 shares of the company’s stock, valued at approximately $25,484,902.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Michael Guthrie sold 7,882 shares of Roblox stock in a transaction on 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 transaction, the chief financial officer now owns 208,343 shares of the company’s stock, valued at approximately $6,321,126.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Manuel Bronstein sold 32,695 shares of Roblox stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $30.34, for a total value of $991,966.30. Following the transaction, the insider now directly owns 839,977 shares of the company’s stock, valued at approximately $25,484,902.18. The disclosure for this sale can be found here. Insiders own 28.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RBLX. 1832 Asset Management L.P. acquired a new position in Roblox in the 1st quarter valued at about $32,000. High Net Worth Advisory Group LLC raised its stake in Roblox by 900.0% in the 1st quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock valued at $46,000 after purchasing an additional 900 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Roblox by 47.5% in the 1st quarter. Advisors Asset Management Inc. now owns 3,976 shares of the company’s stock valued at $184,000 after purchasing an additional 1,280 shares during the last quarter. Advisory Services Network LLC raised its stake in Roblox by 60.7% in the 1st quarter. Advisory Services Network LLC now owns 4,006 shares of the company’s stock valued at $186,000 after purchasing an additional 1,513 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its stake in Roblox by 7.4% in the 1st quarter. Wetherby Asset Management Inc. now owns 4,366 shares of the company’s stock valued at $202,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 68.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wedbush assumed coverage on shares of Roblox in a research report on Monday, May 9th. They set a “neutral” rating and a $28.00 target price on the stock. Daiwa Capital Markets lowered their target price on shares of Roblox from $56.00 to $38.00 in a research report on Tuesday, May 17th. Stifel Nicolaus lowered their target price on shares of Roblox from $45.00 to $40.00 in a research report on Wednesday, June 15th. Atlantic Securities lowered shares of Roblox from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Tuesday, May 24th. Finally, BTIG Research lowered their target price on shares of Roblox from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, July 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.00.

Roblox Company Profile

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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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Earnings History for Roblox (NYSE:RBLX)

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