Roblox (RBLX) to Release Quarterly Earnings on Tuesday

Roblox (NYSE:RBLXGet Rating) will be issuing its quarterly earnings data after the market closes on Tuesday, May 10th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Roblox (NYSE:RBLXGet Rating) last released its quarterly earnings data on Tuesday, February 15th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.14). Roblox had a negative return on equity of 84.32% and a negative net margin of 25.62%. The business had revenue of $770.12 million for the quarter, compared to analysts’ expectations of $763.11 million. On average, analysts expect Roblox to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NYSE RBLX opened at $32.68 on Tuesday. The company’s fifty day simple moving average is $43.38 and its 200-day simple moving average is $73.42. Roblox has a 52 week low of $29.52 and a 52 week high of $141.60. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.67. The stock has a market cap of $17.67 billion and a P/E ratio of -29.98.

A number of research firms have recently commented on RBLX. Benchmark reduced their target price on shares of Roblox from $70.00 to $45.00 in a research report on Wednesday, February 16th. Needham & Company LLC reduced their target price on shares of Roblox from $83.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th. The Goldman Sachs Group cut shares of Roblox from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $108.00 to $50.00 in a research report on Tuesday, April 19th. Zacks Investment Research raised shares of Roblox from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Finally, BTIG Research reduced their target price on shares of Roblox from $99.00 to $84.00 in a research report on Friday, March 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $69.53.

In other Roblox news, CFO Michael Guthrie sold 2,998 shares of Roblox stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $46.87, for a total value of $140,516.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Donato sold 2,932 shares of Roblox stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $46.87, for a total value of $137,422.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,930 shares of company stock valued at $797,939. Insiders own 28.22% of the company’s stock.

A number of hedge funds have recently modified their holdings of RBLX. Morgan Stanley boosted its stake in Roblox by 269.0% in the second quarter. Morgan Stanley now owns 18,737,506 shares of the company’s stock valued at $1,686,002,000 after acquiring an additional 13,659,143 shares during the period. Tybourne Capital Management HK Ltd. acquired a new position in shares of Roblox during the fourth quarter worth approximately $96,915,000. Allianz Asset Management GmbH boosted its position in shares of Roblox by 3,176.0% during the fourth quarter. Allianz Asset Management GmbH now owns 428,671 shares of the company’s stock worth $44,221,000 after buying an additional 415,586 shares during the period. State Street Corp acquired a new position in shares of Roblox during the fourth quarter worth approximately $26,111,000. Finally, Privium Fund Management UK Ltd acquired a new position in shares of Roblox during the fourth quarter worth approximately $12,415,000. Institutional investors own 68.00% of the company’s stock.

Roblox Company Profile (Get Rating)

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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