Roblox (RBLX) Projected to Post Earnings on Thursday

Roblox (NYSE:RBLX) will likely be announcing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of ($0.46) per share and revenue of $1.37 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Roblox Trading Up 4.4 %

Shares of NYSE:RBLX opened at $73.82 on Wednesday. Roblox has a 12-month low of $29.55 and a 12-month high of $73.86. The business has a 50 day moving average of $61.26 and a 200-day moving average of $50.15. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock has a market cap of $44.85 billion, a PE ratio of -45.01 and a beta of 1.43.

Analyst Ratings Changes

Several analysts recently issued reports on RBLX shares. BTIG Research boosted their price target on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wedbush restated an “outperform” rating and issued a $49.00 price target on shares of Roblox in a research note on Friday, October 25th. Roth Mkm lifted their price objective on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. CICC Research initiated coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. Finally, Morgan Stanley raised their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Seven research 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $60.05.

Insider Activity

In related news, CAO Amy Marie Rawlings sold 6,054 shares of Roblox stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $311,357.22. Following the transaction, the chief accounting officer now directly owns 85,008 shares of the company’s stock, valued at $4,371,961.44. The trade was a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Baszucki sold 138,555 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now owns 129,301 shares of the company’s stock, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,306,335 shares of company stock valued at $77,348,316. 22.15% of the stock is currently owned by corporate insiders.

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.