Roblox (RBLX) to Release Quarterly Earnings on Thursday

Roblox (NYSE:RBLX - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect Roblox to post earnings of ($0.46) per share and revenue of $1.37 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts' consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted ($0.45) EPS. Roblox's revenue was up 9.5% on a year-over-year basis. On average, analysts expect Roblox to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Roblox Stock Performance

Shares of RBLX traded down $0.23 during midday trading on Friday, reaching $71.15. 10,720,821 shares of the stock were exchanged, compared to its average volume of 5,596,528. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The company's 50 day moving average is $60.34 and its two-hundred day moving average is $49.63. Roblox has a 52 week low of $29.55 and a 52 week high of $71.89.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RBLX shares. Macquarie boosted their price target on shares of Roblox from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Wells Fargo & Company increased their target price on Roblox from $58.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Benchmark boosted their price target on Roblox from $44.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.14.

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 24,000 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total value of $1,581,360.00. Following the sale, the insider now directly owns 281,161 shares of the company's stock, valued at approximately $18,525,698.29. This represents a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 3,601 shares of Roblox stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $49.32, for a total value of $177,601.32. Following the transaction, the chief accounting officer now owns 81,407 shares of the company's stock, valued at $4,014,993.24. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,207,812 shares of company stock worth $69,509,773 in the last 90 days. Insiders own 22.15% of the company's stock.

About Roblox

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.