Roblox (NYSE:RBLX) Announces Quarterly Earnings Results

Roblox (NYSE:RBLX) posted its quarterly earnings data on Thursday. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02, Briefing.com reports. The business had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 1,283.93%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.45) earnings per share. Roblox updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Roblox Stock Performance

Shares of Roblox stock opened at $51.44 on Monday. The company has a 50 day moving average price of $43.67 and a 200 day moving average price of $39.38. The firm has a market capitalization of $30.79 billion, a P/E ratio of -31.37 and a beta of 1.56. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox has a 52 week low of $29.55 and a 52 week high of $52.65.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $49.00 price target on shares of Roblox in a research note on Friday, October 25th. Needham & Company LLC raised their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday. Benchmark boosted their price target on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company raised their price objective on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wolfe Research assumed coverage on Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.05.

Insider Buying and Selling at Roblox

In other news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares in the company, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the sale, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at $14,543,253.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony P. Lee sold 200,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the transaction, the director now directly owns 4,707,579 shares of the company’s stock, valued at approximately $236,932,451.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 979,341 shares of company stock worth $43,897,012. 22.15% of the stock is owned by corporate insiders.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It 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 experience; and Roblox Cloud, which provides services and infrastructure that power the platform.