The stock of Roblox Corporation (NYSE:RBLX) last traded at $33.11, up 0.46% from the previous session.
RBLX stock price is now -7.98% away from the 50-day moving average and -8.55% away from the 200-day moving average. The market capitalization of the company currently stands at $21.19B.
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With the price target maintained at $26, MoffettNathanson recently Upgraded its rating from Sell to Neutral for Roblox Corporation (NYSE: RBLX). On April 23, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $41 to quote $48, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Baszucki Gregory, Director sold 13,000 shares of the company’s stock on May 22 ’24. The stock was sold for $431,505 at an average price of $33.19. Upon completion of the transaction, the Director now directly owns 9,734,603 shares in the company, valued at $322.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, Gen. Counsel & Secretary Reinstra Mark sold 4,000 shares of the business’s stock. A total of $132,768 was realized by selling the stock at an average price of $33.19. This leaves the insider owning 342,656 shares of the company worth $11.35 million. A total of 22.33% of the company’s stock is owned by insiders.
During the past 12 months, Roblox Corporation has had a low of $24.88 and a high of $47.20. As of last week, the company has a debt-to-equity ratio of 25.45, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for RBLX is $35.9832 and a two-hundred day moving average price translates $36.2045 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for 2024-03-31. The net profit margin was -39.19% and return on equity was -722.66% for RBLX. The company reported revenue of $801.3 million for the quarter, compared to $655.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.27 percent.
