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NYSE:RBLX

Roblox (RBLX) Stock Price, News & Analysis

$40.16
-0.67 (-1.64%)
(As of 02/28/2024 ET)
Today's Range
$39.53
$40.41
50-Day Range
$38.67
$46.85
52-Week Range
$24.88
$47.65
Volume
6.22 million shs
Average Volume
8.23 million shs
Market Capitalization
$23.36 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$46.25

Roblox MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
15.2% Upside
$46.25 Price Target
Short Interest
Healthy
3.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.47mentions of Roblox in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$26.59 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($2.10) to ($2.15) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.93 out of 5 stars

Consumer Discretionary Sector

141st out of 254 stocks

Prepackaged Software Industry

96th out of 195 stocks


RBLX stock logo

About Roblox Stock (NYSE:RBLX)

Roblox Corporation is an American video game developer and platform that was founded in 2004 by David Baszucki and Erik Cassel. Headquartered in San Mateo, California, the company is best known for its creation, Roblox, which officially launched in 2006. Roblox is an online platform that allows users to create and play games developed by other users. It has become immensely popular among younger audiences and has grown into a global gaming phenomenon.

The history of Roblox Corporation dates back to its co-founder, David Baszucki's, previous venture, Knowledge Revolution, an educational software company. The foundation of Roblox Corporation was laid when Baszucki and Cassel started working on the video game DynaBlocks in 2004, which later evolved into Roblox. The company has come a long way since its inception and has achieved significant milestones in the gaming industry.

Roblox's mission is to unite people through play, enabling millions of users to immerse themselves in virtual worlds and interactive experiences. The platform encourages creativity, allowing users to create games and virtual spaces using the Roblox Studio, a powerful game development tool.

The company primarily operates Roblox as a platform where developers can design and publish their games and experiences. Roblox provides a revenue-sharing model, allowing developers to monetize their creations through virtual in-game purchases. These purchases are made using the platform's virtual currency, Robux, which can be purchased with real money.

Roblox's target market primarily includes a wide range of audiences, but it has gained immense popularity among younger players and teenagers. The platform's user-friendly nature and a vast library of user-generated games appeal to individuals who enjoy exploring virtual worlds and engaging in social experiences.

An experienced and visionary management team leads Roblox Corporation. Founder, President, Chief Executive Officer, and Chairman David Baszucki is at the helm. Baszucki brings decades of experience in the technology and gaming industry, and his leadership has been instrumental in Roblox's growth and success. Michael Guthrie is the Chief Financial Officer, overseeing the company's financial strategies and operations. 

Roblox Corporation's financial data indicates some challenges. The company reported revenue that was an increase from the previous year. However, operating expenses significantly rose during the same time resulting in a net income loss of nearly a billion dollars, representing a sharp decline from previous years. The net profit margin for the year was around -40%. The decline in net income impacted investor sentiment. Investors closely monitor a company's profitability, and a negative net income could raise concerns about the company's financial health and future growth prospects. This could be reflected in the stock price performance. 

Roblox operates in the prepackaged software industry and has carved out a unique position as an online gaming platform that fosters user-generated content. The company's competitive advantage lies in its vast user base, innovative game development tools, and the creative freedom it offers developers.

Roblox Corporation's growth opportunities are tied to the ever-expanding gaming industry. The platform attracts millions of developers and players worldwide, presenting opportunities for continuous user engagement and game development. Expanding into new markets and partnerships with popular brands can fuel further growth.

Like any company, Roblox Corporation faces risks and challenges. The negative net income and increasing operating expenses indicate financial challenges that must be addressed. Moreover, competition in the gaming industry is intense and maintaining users' interest requires continuous innovation. Additionally, regulatory and legal issues related to user-generated content may pose challenges for the company.

RBLX Stock Price History

RBLX Stock News Headlines

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Disney is a Phoenix rising from the ashes of its mistakes; CEO Bob Iger is driving margins and setting the company up for another decade of growth.
Roblox is turning a corner, but can it complete a reversal?
Roblox is driving growth and leverage that is expected to continue in 2024; the stock is moving higher, but there are headwinds that may cap gains soon
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Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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Roblox Co. (NYSE:RBLX) CTO Sells $315,447.68 in Stock
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Michael Guthrie Sells 10,972 Shares of Roblox Co. (NYSE:RBLX) Stock
Mark Reinstra Sells 12,531 Shares of Roblox Co. (NYSE:RBLX) Stock
Decoding Roblox Corp (RBLX): A Strategic SWOT Insight
Roblox Stock (NYSE:RBLX) Insider Trades
3 Stocks to Buy to Cash In on the Next Big Thing
(RBLX) - Analyzing Roblox's Short Interest
Roblox Stock: Buy, Sell, or Hold?
RBLX Feb 2024 36.500 call
RBLX Feb 2024 50.000 put
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Today
2/28/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,457
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$46.25
High Stock Price Target
$57.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+15.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
21 Analysts

Profitability

Net Income
$-1,151,950,000.00
Pretax Margin
-41.38%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Book Value
$0.12 per share

Miscellaneous

Free Float
420,637,000
Market Cap
$23.36 billion
Optionable
Optionable
Beta
1.68
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Should I Buy Roblox Stock? RBLX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Roblox was last updated on Tuesday, February 27, 2024 at 2:33 PM.

Pros

Here are some ways that investors could benefit from investing in Roblox Co.:

  • Roblox Corporation develops and operates an online entertainment platform with a strong user base.
  • Roblox Studio, a free toolset, allows users to create games and experiences, fostering creativity and engagement.
  • Roblox has seen significant growth in revenue and user engagement in recent periods, indicating a positive trajectory.
  • The current stock price of Roblox Co. is favorable for potential investors, offering a good entry point.
  • Roblox Corporation continues to innovate and expand its offerings, staying relevant in the competitive gaming industry.

Cons

Investors should be bearish about investing in Roblox Co. for these reasons:

  • While Roblox has shown growth, it also faces competition from other gaming platforms that could impact its market share.
  • Regulatory challenges and changes in the online entertainment industry could pose risks to Roblox's operations.
  • Investing in individual stocks like Roblox Co. carries inherent risks due to market volatility and external factors.
  • Roblox's success is tied to the popularity of its platform, which may fluctuate based on trends and user preferences.
  • Economic downturns or shifts in consumer behavior could affect Roblox's financial performance and stock value.














RBLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Roblox stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Roblox in the last year. There are currently 5 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RBLX shares.
View RBLX analyst ratings
or view top-rated stocks.

What is Roblox's stock price target for 2024?

21 Wall Street analysts have issued 12 month price objectives for Roblox's shares. Their RBLX share price targets range from $30.00 to $57.00. On average, they predict the company's stock price to reach $46.25 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price.
View analysts price targets for RBLX
or view top-rated stocks among Wall Street analysts.

How have RBLX shares performed in 2024?

Roblox's stock was trading at $45.72 at the beginning of the year. Since then, RBLX shares have decreased by 12.2% and is now trading at $40.16.
View the best growth stocks for 2024 here
.

Are investors shorting Roblox?

Roblox saw a decline in short interest in January. As of January 31st, there was short interest totaling 17,100,000 shares, a decline of 12.7% from the January 15th total of 19,590,000 shares. Based on an average daily volume of 9,920,000 shares, the short-interest ratio is currently 1.7 days. Currently, 3.7% of the shares of the company are sold short.
View Roblox's Short Interest
.

When is Roblox's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our RBLX earnings forecast
.

How were Roblox's earnings last quarter?

Roblox Co. (NYSE:RBLX) released its quarterly earnings results on Wednesday, February, 7th. The company reported ($0.52) earnings per share for the quarter, topping analysts' consensus estimates of ($0.57) by $0.05. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.05 billion. Roblox had a negative trailing twelve-month return on equity of 770.71% and a negative net margin of 41.15%. The company's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.48) earnings per share.

What guidance has Roblox issued on next quarter's earnings?

Roblox updated its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $755.0 million-$780.0 million, compared to the consensus revenue estimate of $902.7 million.

What is David Baszucki's approval rating as Roblox's CEO?

144 employees have rated Roblox Chief Executive Officer David Baszucki on Glassdoor.com. David Baszucki has an approval rating of 98% among the company's employees. This puts David Baszucki in the top 20% of approval ratings compared to other CEOs of publicly-traded companies. 79.0% of employees surveyed would recommend working at Roblox to a friend.

When did Roblox IPO?

(RBLX) raised $0 in an IPO on Wednesday, March 10th 2021. The company issued 198,900,000 shares at $0.00 per share. Goldman Sachs and Morgan Stanley served as the underwriters for the IPO.

Who are Roblox's major shareholders?

Roblox's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.06%), Baillie Gifford & Co. (4.84%), ARK Investment Management LLC (2.08%), Ieq Capital LLC (1.70%), Franklin Resources Inc. (1.36%) and Sumitomo Mitsui Trust Holdings Inc. (1.35%). Insiders that own company stock include Altos Ventures Management Inc, Amy Marie Rawlings, Barbara Messing, Brett Tolley, Christopher Carvalho, Craig Donato, Daniel Sturman, David Baszucki, Gary Hromadko, Gregory Baszucki, Gregory P Merk, Han Kim, Hybrid 2 LP Altos, Manuel Bronstein, Mark Reinstra and Michael Guthrie.
View institutional ownership trends
.

How do I buy shares of Roblox?

Shares of RBLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RBLX) was last updated on 2/29/2024 by MarketBeat.com Staff