Roblox Corporation (NYSE:RBLX – Get Free Report)’s stock price was up 7% during trading on Monday . The company traded as high as $55.26 and last traded at $55.2860. 3,866,458 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 11,433,381 shares. The stock had previously closed at $51.68.
Analyst Upgrades and Downgrades
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
A number of equities analysts recently issued reports on RBLX shares. Deutsche Bank Aktiengesellschaft assumed coverage on Roblox in a report on Monday, June 29th. They set a “buy” rating on the stock. The Goldman Sachs Group decreased their price objective on Roblox from $125.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Jefferies Financial Group downgraded Roblox from a “hold” rating to a “hold” rating in a research note on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and issued a $62.00 target price on shares of Roblox in a report on Friday, May 1st. Finally, Oppenheimer began coverage on Roblox in a research note on Friday, May 1st. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.48.
View Our Latest Stock Analysis on Roblox
Roblox Stock Performance
- MarketBeat Week in Review – 05/04 – 05/08
The stock’s 50-day moving average is $48.48 and its 200 day moving average is $58.90. The stock has a market cap of $36.49 billion, a price-to-earnings ratio of -34.37 and a beta of 1.41. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.89 and a quick ratio of 0.89.
Roblox (NYSE:RBLX – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.06. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The firm’s quarterly revenue was up 43.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) EPS. As a group, analysts predict that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.
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