Key Points
- Roblox insider Sean Jack Buckley sold 4,744 shares on May 22 at an average price of $46.36, worth about $219,932. The sale reduced his position by 4.66% and was made under a pre-arranged Rule 10b5-1 plan.
- The company recently authorized a $3 billion share buyback, allowing repurchases of up to 9.5% of outstanding shares. Buybacks are often viewed as a sign that management believes the stock may be undervalued.
- Roblox’s latest earnings beat profit expectations but missed revenue estimates, reporting EPS of -$0.35 versus -$0.41 expected and revenue of $1.44 billion versus $1.74 billion expected. Analysts currently rate the stock a consensus Hold with an average price target of $87.07.
Roblox Corporation (NYSE:RBLX - Get Free Report) CAO Amy Marie Rawlings sold 274 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $48.00, for a total value of $13,152.00. Following the completion of the transaction, the chief accounting officer directly owned 34,964 shares of the company's stock, valued at $1,678,272. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amy Marie Rawlings also recently made the following trade(s):
- On Wednesday, May 20th, Amy Marie Rawlings sold 2,895 shares of Roblox stock. The shares were sold at an average price of $45.24, for a total value of $130,969.80.
Roblox Stock Performance
NYSE RBLX opened at $45.73 on Thursday. Roblox Corporation has a 1-year low of $40.15 and a 1-year high of $150.59. The company has a market capitalization of $30.71 billion, a P/E ratio of -28.95 and a beta of 1.50. The business has a 50 day moving average price of $52.92 and a 200 day moving average price of $70.09. 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 quarterly earnings data on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted ($0.32) EPS. Roblox's quarterly revenue was up 43.4% on a year-over-year basis. Sell-side analysts expect that Roblox Corporation will post -1.4 EPS for the current fiscal year.
Roblox declared that its board has authorized a stock repurchase plan on Tuesday, May 19th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to purchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Institutional Investors Weigh In On Roblox
Several hedge funds have recently made changes to their positions in RBLX. Reyes Financial Architecture Inc. boosted its holdings in shares of Roblox by 164.4% during the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company's stock worth $25,000 after purchasing an additional 194 shares during the last quarter. Hanson & Doremus Investment Management acquired a new stake in shares of Roblox during the first quarter worth $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Roblox during the third quarter worth $26,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Roblox during the fourth quarter worth $27,000. Finally, GW&K Investment Management LLC boosted its holdings in shares of Roblox by 76.3% during the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company's stock worth $30,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on RBLX shares. HSBC downgraded Roblox from a "buy" rating to a "hold" rating and set a $46.00 price objective for the company. in a research note on Friday, May 1st. Morgan Stanley reiterated an "overweight" rating and set a $62.00 target price on shares of Roblox in a report on Friday, May 1st. DA Davidson lowered their target price on Roblox from $47.50 to $45.00 and set a "neutral" rating on the stock in a report on Friday, May 22nd. UBS Group lowered their target price on Roblox from $74.00 to $49.00 and set a "neutral" rating on the stock in a report on Friday, May 1st. Finally, Wall Street Zen upgraded Roblox from a "sell" rating to a "hold" rating in a report on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Roblox has an average rating of "Hold" and a consensus target price of $87.07.
View Our Latest Stock Analysis on RBLX
About Roblox
(
Get Free Report)
Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company's building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.
Roblox's business model is built around its virtual economy and creator ecosystem.
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