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

52.50

Mkt cap

33B

Volume

9.1M

High

52.53

P/E Ratio

-31.12

52-wk high

55.10

Low

50.68

Div yield

N/A

52-wk low

29.55

Jefferies analyst Andrew Uerkwitz maintains a Buy rating on Roblox (NYSE:RBLX) but lowers the price target from $38 to $34.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:02 pm

Investor Business Daily's SwingTrader has shorted Roblox's stock, indicating a bearish outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:02 pm

Mattel Inc and Gamefam have announced the upcoming launch of Barbie Dreamhouse Tycoon on Roblox platform, scheduled for October 6.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 3:04 pm

Roblox (NYSE:RBLX) has received various analyst ratings in the last quarter, with 7 bullish, 1 somewhat bullish, 4 indifferent, and 1 somewhat bearish. The average 12-month price target for Roblox is $39.69, representing an 11.8% decrease from the previous average price target of $45.00.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:00 pm

Maybelline New York has launched a 360-brand campaign in partnership with Splash on Roblox, targeting the music community within the platform. The campaign includes virtual makeup looks, mini games, and exclusive music. The brand has also partnered with virtual DJ Kai to release her latest track, 'Fantasy.' Users can remix the song until September 28th and participate in Kai's listening party. Through gamification and branded activations, users can win and collect a variety of Maybelline merchandise and clothing.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:09 pm

Insiders at Williams-Sonoma, HP, Roblox, and La-Z-Boy have recently sold significant amounts of shares. Williams-Sonoma's CEO sold 100,000 shares, HP's 10% owner sold over 4.6 million shares, Roblox's Director sold 8,333 shares, and La-Z-Boy's Director sold 4,582 shares. These sales could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 12:04 pm

Meta CEO Mark Zuckerberg announced that Roblox is launching today on VR. Additionally, Meta Quest for Business will be launched next month.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 5:48 pm

Walmart is returning to Roblox with a new virtual world, 'Walmart Discovered', where gamers can discover new virtual items and accessories. This comes after the retailer's previous two games on the platform were criticized by consumer advocacy groups for potential stealth marketing to children. The new experience will spotlight over 300 Roblox community creators and will include a nomination system where players can vote on the best games, indie experiences, and virtual items.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 3:48 pm

At the Code Conference 2023, CEOs of Warner Music Group, Roblox, Rivian, and AMD shared their visions on AI, metaverse, and EVs. Warner's CEO discussed the potential of AI in music creation and distribution. Roblox's CEO hinted at physical shopping within Roblox and expansion in the Chinese market. Rivian's CEO addressed backlog issues and competition with Tesla. AMD's CEO emphasized the transformative impact of AI and the company's capability of building custom chips.

Portfolio Pulse from Anusuya Lahiri

September 27, 2023 | 1:02 pm

Roblox has downsized its talent acquisition team by 30 employees as part of its cost-cutting measures. The company is shifting its focus from expansion to aligning cash compensation growth with bookings growth. Despite a significant increase in daily active users and developer compensation, average bookings per user have decreased and the company remains unprofitable.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 6:36 pm

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