FY2027 Earnings Estimate for Roblox Issued By Wedbush

Roblox Co. (NYSE:RBLX - Free Report) - Stock analysts at Wedbush issued their FY2027 EPS estimates for shares of Roblox in a report released on Thursday, April 24th. Wedbush analyst M. Pachter anticipates that the company will earn ($1.71) per share for the year. Wedbush has a "Outperform" rating and a $83.00 price target on the stock. The consensus estimate for Roblox's current full-year earnings is ($1.49) per share.

Other research analysts have also recently issued research reports about the company. Morgan Stanley cut their price objective on Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group upped their price target on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Piper Sandler reiterated an "overweight" rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Finally, Benchmark reaffirmed a "buy" rating and issued a $71.00 target price on shares of Roblox in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.50.

Roblox Stock Performance

RBLX traded up $0.59 during trading on Monday, reaching $66.99. The company's stock had a trading volume of 10,339,504 shares, compared to its average volume of 7,884,135. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company's fifty day moving average price is $59.18 and its 200-day moving average price is $57.89. The company has a market capitalization of $42.10 billion, a price-to-earnings ratio of -46.20 and a beta of 1.49. Roblox has a 52-week low of $29.55 and a 52-week high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%.

Hedge Funds Weigh In On Roblox

Several large investors have recently bought and sold shares of the stock. Versant Capital Management Inc raised its holdings in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after buying an additional 240 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox during the first quarter worth about $39,000. Colonial Trust Co SC acquired a new stake in Roblox in the 4th quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the transaction, the chief accounting officer now owns 75,583 shares in the company, valued at approximately $4,636,261.22. The trade was a 5.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Arvind Chakravarthy sold 982 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the transaction, the insider now directly owns 204,261 shares in the company, valued at $12,513,028.86. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 902,954 shares of company stock valued at $55,354,971 over the last three months. 22.15% of the stock is owned by 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.