Analysts Offer Predictions for Roblox Co.’s Q2 2023 Earnings (NYSE:RBLX)

Roblox Co. (NYSE:RBLX – Get Rating) – Equities research analysts at Jefferies Financial Group issued their Q2 2023 EPS estimates for shares of Roblox in a research report issued to clients and investors on Friday, March 10th. Jefferies Financial Group analyst A. Uerkwitz forecasts that the company will post earnings per share of ($0.51) for the quarter. Jefferies Financial Group has a “Buy” rating and a $48.00 price objective on the stock. The consensus estimate for Roblox’s current full-year earnings is ($1.84) per share. Jefferies Financial Group also issued estimates for Roblox’s Q3 2023 earnings at ($0.47) EPS.

A number of other analysts have also issued reports on the stock. Oppenheimer started coverage on shares of Roblox in a research note on Wednesday, January 25th. They set a “market perform” rating on the stock. Credit Suisse Group upped their price target on Roblox from $37.00 to $42.00 and gave the company a “hold” rating in a report on Thursday, February 16th. Morgan Stanley increased their price objective on Roblox from $24.00 to $26.00 and gave the company an “underweight” rating in a report on Thursday, February 16th. Citigroup increased their price objective on Roblox from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Finally, Roth Capital restated a “neutral” rating on shares of Roblox in a research note on Friday, February 17th. Seven research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.75.

Roblox Stock Up 0.3 %

Shares of NYSE:RBLX opened at $40.05 on Monday. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $22.18 billion, a PE ratio of -25.84 and a beta of 1.72. The firm’s 50-day moving average is $36.48 and its two-hundred day moving average is $36.29. Roblox has a 1 year low of $21.65 and a 1 year high of $53.88.

Roblox (NYSE:RBLX – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The company reported ($0.48) earnings per share for the quarter, beating the consensus estimate of ($0.55) by $0.07. The firm had revenue of $899.40 million for the quarter, compared to analysts’ expectations of $884.71 million. Roblox had a negative net margin of 41.54% and a negative return on equity of 200.01%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.25) EPS.

Hedge Funds Weigh In On Roblox

Hedge funds and other institutional investors have recently bought and sold shares of the business. Resurgent Financial Advisors LLC acquired a new stake in shares of Roblox in the fourth quarter valued at approximately $25,000. JTC Employer Solutions Trustee Ltd acquired a new position in Roblox during the fourth quarter valued at approximately $28,000. 1832 Asset Management L.P. acquired a new position in shares of Roblox during the first quarter worth $32,000. Truvestments Capital LLC acquired a new position in shares of Roblox during the second quarter worth $35,000. Finally, CoreCap Advisors LLC acquired a new position in shares of Roblox during the second quarter worth $36,000. Institutional investors own 72.36% of the company’s stock.

Insider Transactions at Roblox

In other Roblox news, Director Gregory Baszucki sold 8,334 shares of Roblox stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $38.13, for a total value of $317,775.42. Following the sale, the director now owns 9,905,269 shares of the company’s stock, valued at approximately $377,687,906.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Gregory Baszucki sold 8,334 shares of Roblox stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $38.13, for a total value of $317,775.42. Following the sale, the director now owns 9,905,269 shares of the company’s stock, valued at $377,687,906.97. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 3,178 shares of Roblox stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $37.85, for a total value of $120,287.30. Following the completion of the sale, the chief accounting officer now directly owns 90,745 shares in the company, valued at approximately $3,434,698.25. The disclosure for this sale can be found here. Insiders have sold 619,378 shares of company stock worth $23,576,761 in the last three months. Insiders own 28.22% of the company’s stock.

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.