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.
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
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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