Roblox (RBLX) to Release Earnings on Thursday

Roblox (NYSE:RBLX - Get Free Report) is projected to post its quarterly earnings results 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. Investors that are interested in registering for the company's conference call can do so using this link.

Roblox Trading Up 0.8 %

Shares of RBLX traded up $0.60 during mid-day trading on Wednesday, reaching $74.39. 2,287,465 shares of the company were exchanged, compared to its average volume of 6,652,599. The business has a 50 day simple moving average of $61.26 and a two-hundred day simple moving average of $50.15. Roblox has a 52 week low of $29.55 and a 52 week high of $74.64. The stock has a market capitalization of $45.20 billion, a PE ratio of -45.22 and a beta of 1.46. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Insiders Place Their Bets

In other Roblox news, insider Arvind Chakravarthy sold 14,269 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total value of $705,316.67. Following the completion of the transaction, the insider now owns 244,803 shares of the company's stock, valued at $12,100,612.29. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 3,601 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $49.32, for a total transaction of $177,601.32. Following the sale, the chief accounting officer now owns 81,407 shares in the company, valued at approximately $4,014,993.24. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,306,335 shares of company stock worth $77,348,316 in the last quarter. 22.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RBLX. Wells Fargo & Company upped 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. HSBC initiated coverage on shares of Roblox in a research report on Thursday, December 12th. They set a "buy" rating and a $63.00 price objective for the company. Piper Sandler reissued an "overweight" rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $62.00 price target (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. Finally, Barclays increased their price objective on shares of Roblox from $40.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $60.05.

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.