FY2022 EPS Estimates for Roblox Co. (NYSE:RBLX) Lowered by Analyst

Roblox Co. (NYSE:RBLX – Get Rating) – Research analysts at KeyCorp cut their FY2022 earnings per share estimates for Roblox in a research report issued to clients and investors on Tuesday, January 17th. KeyCorp analyst T. Parker now anticipates that the company will post earnings per share of ($1.69) for the year, down from their previous forecast of ($1.67). The consensus estimate for Roblox’s current full-year earnings is ($1.58) per share. KeyCorp also issued estimates for Roblox’s Q4 2022 earnings at ($0.61) EPS, Q1 2023 earnings at ($0.56) EPS, Q4 2023 earnings at ($0.66) EPS, FY2023 earnings at ($2.36) EPS and FY2024 earnings at ($2.23) EPS.

Roblox (NYSE:RBLX – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.14). Roblox had a negative net margin of 35.12% and a negative return on equity of 145.60%. The business had revenue of $701.72 million during the quarter, compared to analysts’ expectations of $694.88 million.

Several other equities research analysts have also recently issued reports on RBLX. BTIG Research reduced their price objective on shares of Roblox from $51.00 to $48.00 in a research report on Wednesday, January 4th. The Goldman Sachs Group decreased their price target on shares of Roblox from $24.00 to $19.00 and set a “sell” rating on the stock in a research note on Thursday. Jefferies Financial Group reduced their target price on Roblox from $43.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, October 14th. Barclays began coverage on Roblox in a research note on Tuesday, October 11th. They set an “underweight” rating and a $20.00 price target for the company. Finally, Moffett Nathanson initiated coverage on Roblox in a research note on Monday, October 3rd. They issued an “underperform” rating and a $19.00 price objective on the stock. Seven research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Roblox has an average rating of “Hold” and an average target price of $34.78.

Roblox Stock Up 5.9 %

NYSE RBLX opened at $35.38 on Friday. Roblox has a 12 month low of $21.65 and a 12 month high of $74.92. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.33. The stock has a market cap of $19.44 billion, a PE ratio of -25.31 and a beta of 1.53. The stock’s 50 day moving average is $31.04 and its 200 day moving average is $37.51.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 550,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $31.85, for a total transaction of $17,517,500.00. Following the completion of the transaction, the chief executive officer now owns 1 shares in the company, valued at $31.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Roblox news, CEO David Baszucki sold 550,000 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $31.85, for a total value of $17,517,500.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at $31.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Craig Donato sold 7,674 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $30.14, for a total transaction of $231,294.36. Following the sale, the insider now directly owns 1,161,267 shares of the company’s stock, valued at $35,000,587.38. The disclosure for this sale can be found here. Insiders have sold 590,999 shares of company stock valued at $18,791,858 in the last ninety days. 28.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC boosted its holdings in shares of Roblox by 412.0% in the second quarter. FinTrust Capital Advisors LLC now owns 640 shares of the company’s stock valued at $25,000 after purchasing an additional 515 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of Roblox in the 1st quarter worth $32,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Roblox during the 4th quarter worth $28,000. High Net Worth Advisory Group LLC increased its stake in shares of Roblox by 900.0% during the first quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock valued at $46,000 after buying an additional 900 shares during the period. Finally, Truvestments Capital LLC purchased a new position in shares of Roblox during the second quarter valued at $35,000. 72.36% of the stock is currently owned by institutional investors.

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.