Roblox (NYSE:RBLX) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Roblox (NYSE:RBLX) issued its quarterly earnings data on Thursday. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.01, Briefing.com reports. The firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.45) earnings per share. Roblox updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Roblox Stock Performance

Roblox stock traded down $0.28 during midday trading on Friday, reaching $51.44. The stock had a trading volume of 12,922,296 shares, compared to its average volume of 7,407,891. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The firm has a market capitalization of $30.79 billion, a PE ratio of -29.91 and a beta of 1.60. Roblox has a 12 month low of $29.55 and a 12 month high of $52.65. The firm’s 50-day moving average price is $43.53 and its 200 day moving average price is $39.23.

Insider Buying and Selling

In other news, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the completion of the transaction, the insider now directly owns 342,656 shares in the company, valued at $13,706,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total value of $1,164,600.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares of the company’s stock, valued at $14,543,253.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Reinstra sold 12,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the completion of the sale, the insider now directly owns 342,656 shares of the company’s stock, valued at $13,706,240. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 779,341 shares of company stock valued at $33,831,012. Company insiders own 22.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RBLX shares. Piper Sandler boosted their price target on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research note on Friday. Barclays upped their target price on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday. Roth Mkm lifted their price objective on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.55.

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.