Streetbeat News

RBLX

Roblox Corporation

https://corp.roblox.com

Industry

Electronic Gaming & Multimedia

Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. The company was incorporated in 2004 and is headquartered in San Mateo, California.

Open

57.36

Mkt cap

38B

Volume

10M

High

58.44

P/E Ratio

-39.24

52-wk high

75.74

Low

55.50

Div yield

N/A

52-wk low

29.55

Roblox reported better-than-expected Q3 2024 results with a GAAP EPS of $(0.37), beating the estimate of $(0.38). Bookings were $1.128 billion, surpassing the $1.023 billion estimate and showing significant growth from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:02 pm

Deep-pocketed investors are showing a bearish sentiment towards Roblox (NYSE:RBLX) through significant options activity. The majority of these options are puts, indicating a potential downward movement in the stock price. Analysts have mixed ratings, with some maintaining an overweight stance.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 8:17 pm

Sarat Sethi announced on CNBC that he has sold his position in Roblox. This decision could influence investor sentiment and potentially impact Roblox's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:30 pm

Wedbush analyst Nick McKay has reiterated an Outperform rating on Roblox (NYSE:RBLX) and maintained a price target of $49.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:55 pm

Wedbush analyst Nick McKay has reiterated an Outperform rating on Roblox (NYSE:RBLX) and maintained a price target of $49.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 3:26 pm

Roblox Corp. (NYSE:RBLX) is enhancing its parental controls to improve safety for users under 13. The changes, effective next month, include stricter chat permissions and a new account type for parental monitoring. This move addresses recent criticisms about child safety on the platform.

Portfolio Pulse from Franca Quarneti

October 24, 2024 | 7:41 pm

JPMorgan updated its coverage on video game companies, highlighting Roblox as a top pick due to strong engagement and financial prospects. Applovin is noted for its in-app monetization leadership, while Electronic Arts is recognized for its scale and IP portfolio. Price targets were adjusted for these companies.

Portfolio Pulse from Erica Kollmann

October 22, 2024 | 10:29 pm

In the past three months, 17 analysts have rated Roblox (NYSE:RBLX), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 9.59% to $48.35. Analysts have raised their price targets, reflecting positive sentiment despite Roblox's financial challenges, such as a high debt-to-equity ratio and negative net margin.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 5:01 pm

JP Morgan analyst Cory Carpenter maintains an Overweight rating on Roblox and raises the price target from $50 to $51.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:54 pm

Roblox (NYSE:RBLX) has seen a 38.06% increase in its short percent of float, now at 7.98%, indicating a bearish sentiment compared to its peers with an average of 3.33%. This could signal potential volatility in the stock's price.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 4:30 pm

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