Q1 2024 EPS Estimates for Roblox Co. (NYSE:RBLX) Cut by Wedbush

Roblox Co. (NYSE:RBLXFree Report) – Equities research analysts at Wedbush lowered their Q1 2024 EPS estimates for Roblox in a report released on Wednesday, February 7th. Wedbush analyst N. Mckay now expects that the company will post earnings of ($0.54) per share for the quarter, down from their prior forecast of ($0.43). Wedbush has a “Outperform” rating and a $56.00 price objective on the stock. The consensus estimate for Roblox’s current full-year earnings is ($2.07) per share. Wedbush also issued estimates for Roblox’s Q2 2024 earnings at ($0.57) EPS, Q3 2024 earnings at ($0.55) EPS, Q4 2024 earnings at ($0.47) EPS, FY2024 earnings at ($2.13) EPS, Q1 2025 earnings at ($0.56) EPS, Q2 2025 earnings at ($0.62) EPS, Q3 2025 earnings at ($0.62) EPS, Q4 2025 earnings at ($0.52) EPS and FY2025 earnings at ($2.33) EPS.

RBLX has been the topic of a number of other research reports. Piper Sandler raised their target price on shares of Roblox from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, November 16th. Barclays raised shares of Roblox from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. The Goldman Sachs Group raised shares of Roblox from a “sell” rating to a “neutral” rating and raised their target price for the company from $35.00 to $48.00 in a research report on Thursday, February 8th. Benchmark reissued a “buy” rating and set a $46.00 target price on shares of Roblox in a research report on Tuesday, January 23rd. Finally, Wells Fargo & Company began coverage on shares of Roblox in a research report on Wednesday, December 13th. They set an “overweight” rating and a $49.00 target price on the stock. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.05.

Check Out Our Latest Stock Report on Roblox

Roblox Stock Down 1.5 %

Shares of Roblox stock opened at $43.74 on Monday. The company has a debt-to-equity ratio of 8.38, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $25.09 billion, a price-to-earnings ratio of -23.39 and a beta of 1.68. The firm’s 50-day moving average is $42.24 and its two-hundred day moving average is $35.64. Roblox has a 1 year low of $24.88 and a 1 year high of $47.65.

Roblox (NYSE:RBLXGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 652.99%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.48) earnings per share.

Insiders Place Their Bets

In other news, Director Gregory Baszucki sold 8,333 shares of Roblox stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total transaction of $343,069.61. Following the completion of the transaction, the director now directly owns 9,786,603 shares of the company’s stock, valued at approximately $402,914,445.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Gregory Baszucki sold 8,333 shares of Roblox stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total transaction of $343,069.61. Following the completion of the transaction, the director now directly owns 9,786,603 shares of the company’s stock, valued at approximately $402,914,445.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark Reinstra sold 4,000 shares of Roblox stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $38.58, for a total transaction of $154,320.00. Following the transaction, the insider now directly owns 258,310 shares of the company’s stock, valued at $9,965,599.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 308,272 shares of company stock valued at $12,671,049. 27.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Roblox by 29.0% during the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after purchasing an additional 10,025,779 shares during the last quarter. Morgan Stanley boosted its position in shares of Roblox by 13.7% during the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after acquiring an additional 4,927,848 shares during the last quarter. BlackRock Inc. boosted its position in shares of Roblox by 7.5% during the 2nd quarter. BlackRock Inc. now owns 24,097,576 shares of the company’s stock valued at $971,132,000 after acquiring an additional 1,679,463 shares during the last quarter. ARK Investment Management LLC boosted its position in shares of Roblox by 28.5% during the 3rd quarter. ARK Investment Management LLC now owns 11,973,881 shares of the company’s stock valued at $346,764,000 after acquiring an additional 2,655,333 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Roblox by 6.3% during the 4th quarter. Ieq Capital LLC now owns 9,725,211 shares of the company’s stock valued at $444,637,000 after acquiring an additional 573,463 shares during the last quarter. Hedge funds and other institutional investors own 69.92% of the company’s stock.

About Roblox

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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 and Estimates for Roblox (NYSE:RBLX)

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