ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for smarter Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
Roblox Corporation

Roblox Corporation (RBLX)

39.82
-1.57
( -3.79% )
Updated: 11:08:12

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
39.82
Bid
-
Ask
-
Volume
17,881,245
37.62 Day's Range 40.47
29.55 52 Week Range 48.43
Market Cap
Previous Close
41.39
Open
37.62
Last Trade
600
@
39.82
Last Trade Time
11:08:31
Financial Volume
US$ 707,831,766
VWAP
39.5852
Average Volume (3m)
6,318,824
Shares Outstanding
647,200,000
Dividend Yield
-
PE Ratio
-22.48
Earnings Per Share (EPS)
-1.78
Revenue
2.8B
Net Profit
-1.15B

About Roblox Corporation

Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or experiences) for other players. The firm effectively offers its developers a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, an... Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or experiences) for other players. The firm effectively offers its developers a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, and social network. The platform is a closed garden that Roblox controls, earning revenue in multiple places while benefiting from outsourced game development. Unlike traditional video game publishers, Roblox is more focused on the creation of new tools and monetization techniques for its developers then creating new games or franchises. Roblox is increasingly focused on creating a metaverse that moves beyond games toward experiences like concerts, education, and even business management. Show more

Sector
Prepackaged Software
Industry
Prepackaged Software
Website
Headquarters
Dover, Delaware, USA
Founded
-
Roblox Corporation is listed in the Prepackaged Software sector of the New York Stock Exchange with ticker RBLX. The last closing price for Roblox was US$41.39. Over the last year, Roblox shares have traded in a share price range of US$ 29.55 to US$ 48.43.

Roblox currently has 647,200,000 shares outstanding. The market capitalization of Roblox is US$26.79 billion. Roblox has a price to earnings ratio (PE ratio) of -22.48.

Roblox (RBLX) Options Flow Summary

Overall Flow

Bearish

Net Premium

-2M

Calls / Puts

31.71%

Buys / Sells

100.00%

OTM / ITM

100.00%

Sweeps Ratio

5.56%

RBLX Latest News

Roblox to Report Third Quarter 2024 Financial Results on October 31, 2024

Roblox Corporation (NYSE: RBLX) today announced that it will report the company’s third quarter 2024 financial results before the opening of the U.S. markets on Thursday, Oct. 31, 2024. Roblox...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-4.37-9.8891151844344.1944.4637.5681578442.40601521CS
4-3.88-8.8787185354743.748.4337.5672673244.90340952CS
12-1.45-3.513448025241.2748.4335.3631882442.18817603CS
261.634.2681330191138.1948.4329.55688634938.07454072CS
5210.1534.209639366429.6748.4329.55785739338.70921869CS
156-35.29-46.984422846575.11141.599921.651479341747.1400528CS
260-24.68-38.263565891564.5141.599921.651396331250.96625548CS

Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
LITBLightInTheBox Holding Co Ltd
US$ 2.74
(21.24%)
20.08k
MYTEMYT Netherlands Parent BV
US$ 7.8521
(16.16%)
1.81M
AZULAzul SA
US$ 3.645
(14.26%)
2.15M
CIACitizens Inc
US$ 5.0301
(11.29%)
301.24k
STGSunlands Technology Group
US$ 9.458
(10.62%)
13.43k
OCFTOneConnect Financial Technology Co Ltd
US$ 3.65
(-22.17%)
270.02k
JKSJinkosolar Holdings Co Ltd
US$ 26.805
(-18.20%)
2.95M
DQDaqo New Energy Corp New
US$ 22.01
(-15.67%)
1.47M
WTIW and T Offshore Inc
US$ 2.395
(-14.16%)
2.64M
LULufax Holding Ltd
US$ 3.41
(-14.11%)
3.91M
NIONIO Inc
US$ 6.385
(-5.96%)
54.79M
PLTRPalantir Technologies Inc
US$ 40.82
(4.96%)
32.04M
BABAAlibaba Group Holding Limited
US$ 110.06
(-6.35%)
23.17M
RBLXRoblox Corporation
US$ 39.89
(-3.62%)
20.57M
VALEVale SA
US$ 11.0099
(-4.43%)
19.18M

RBLX Discussion

View Posts
novicetrader novicetrader 55 minutes ago
I can receive PMs though, only can't respond rightaway.Will touch base with you friday during Happy Hour anyway. For me, it's not the $ amount of paid membership that is stopping me,it's just that I'm trying to be disciplined and focussed.Thanks
👍️0
subslover subslover 1 hour ago
What I have to give you is worth its weight in plutonium. There is no I-hub board for that stock yet.
👍️0
novicetrader novicetrader 1 hour ago
lol,no! I do much better with the mega/large caps. But wholly agree that the microcaps have the BIG moves %wise. Used to play only the micros earlier but found the bigger caps are safer. So basically, my strategy has been approx 60/40 in the biggies/smallies. As for Ihub, I used to be a paid member few years ago, but realized that it made me distracted from actual trading/learning(the tempting overdose of posting/replying to irrelevant issues wasted a lot of precious trading time,I felt).This way I have the right dose of meassage boards,haha!
👍️0
subslover subslover 2 hours ago
Dude, you should stick with the micro caps, those are the ones where we make our bread and butter $$$ stocks under $5.00. You should get a paid membership to I-hub, it's only $12.99 a month. I have a gem of a sleeper trading 60 cents and I can PM you the ticker :)
👍️0
novicetrader novicetrader 2 hours ago
Thanks sub.RBLX has always been a volatile trading stock,been a repeat for me for the past almost 2 years now. Buy on dips,it always comes back. I grabbed the minute I saw the negative report this morming at avg 37.60, not too worried about the CFO leaving(SEC filing says "As previously reported, on August 1, 2024"), might be old news and already baked in.
👍️0
subslover subslover 2 hours ago
IMHO it's very overpriced and that 8k with the CFO leaving concerns me, I would be very cautious here.
👍️0
novicetrader novicetrader 2 hours ago
CNBC been having segments on RBLX Hindenburg report since PM,one just going on now.
Almost back at $40 now!
👍️0
novicetrader novicetrader 3 hours ago
Grabbed some in PM, the report not very convincing.But what do I know,lol!
RBLX has just rebuuted the Hindenburg report,let's see where this goes
👍️0
Bountiful_Harvest Bountiful_Harvest 3 hours ago
Hindenburg Goes Short on Roblox, Alleging Massive Fraud

•Claims inflated user numbers and financial misconduct

•Cathie Wood’s $ARKK fund exposed—Roblox is 4th largest holding

•Investors brace for volatility as allegations unfold

👍️0
lucky, mydog lucky, mydog 3 hours ago
https://hindenburgresearch.com/roblox/
👍️0
Monksdream Monksdream 3 weeks ago
RBLX new 52 week high
👍️0
DiscoverGold DiscoverGold 1 month ago
Cathie Wood & Ark Invest's Buys 13,432 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | August 26, 2024

• Cathie Wood and Ark Invest's trade activity from today 8/26.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 1 month ago
Cathie Wood & Ark Invest's Buys 26,951 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | August 23, 2024

• Cathie Wood and Ark Invest's trade activity from yesterday 8/23.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 2 months ago
Cathie Wood & Ark Invest's Buys 12,657 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | August 21, 2024

• Cathie Wood and Ark Invest's trade activity from today 8/21.



Read Full Story »»»

DiscoverGold
👍️0
TheFinalCD TheFinalCD 2 months ago
29.30 $RBLX 39.90 red from 36.50 pic.twitter.com/dGheEXmCEd— THE FINAL COUNTDOWN (@READY_2_PROFIT) August 1, 2024
👍️0
DiscoverGold DiscoverGold 2 months ago
$RBLX Double inside days in a tight pennant formation is a SUPER juicy setup
By: TrendSpider | July 29, 2024

• $RBLX Double inside days in a tight pennant formation is a SUPER juicy setup.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 3 months ago
Cathie Wood & Ark Invest's Sells 88,545 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | July 19, 2024

• Cathie Wood and Ark Invest's trade activity from today 7/19.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 4 months ago
Cathie Wood & Ark Invest's Buys 19,238 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | June 14, 2024

• Cathie Wood and Ark Invest's trade activity from today 6/14.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 4 months ago
Cathie Wood & Ark Invest's Buys 17,615 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | June 13, 2024

• Cathie Wood and Ark Invest's trade activity from today 6/13.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 4 months ago
Cathie Wood & Ark Invest's Buys 37,265 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | May 30, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/30.





Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 4 months ago
Cathie Wood & Ark Invest's Buys 3,526 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | May 29, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/29.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 5 months ago
Cathie Wood & Ark Invest's Buys 57,271 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | May 16, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/16.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 5 months ago
Cathie Wood & Ark Invest's Buys 50,012 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | May 15, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/15.





Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 5 months ago
Cathie Wood & Ark Invest's Buys 55,710 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | May 14, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/14.





Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 5 months ago
Cathie Wood & Ark Invest's Buys 224,064 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | May 13, 2024

• $SPX seemingly range bound between 0.75 and 1.0 std dev. Waiting to see signs of direction.





Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 5 months ago
Cathie Wood and Ark Invest just said this about Palantir $PLTR
By: Ark Invest Daily | May 10, 2024

• Cathie Wood and Ark Invest just said this about Palantir $PLTR

“We believe Palantir's differentiated AI products remain well positioned to accelerate the core business operations of both commercial enterprises and government agencies”



Read Full Story »»»

DiscoverGold
👍️0
DarkPool DarkPool 5 months ago
Damn near 30%discount why not. Shorts will cover soon enough
👍️0
DiscoverGold DiscoverGold 5 months ago
Cathie Wood & Ark Invest's Buys 1,724,213 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | May 9, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/9.





Read Full Story »»»

DiscoverGold
👍️0
DarkPool DarkPool 5 months ago
Might not be the only one;)
👍️0
Stockexpertpro Stockexpertpro 5 months ago
Cathie Woods Buying down here RBLX
👍️0
DiscoverGold DiscoverGold 5 months ago
Cathie Wood & Ark Invest's Buys 318,776 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | May 3, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/3.



Read Full Story »»»

DiscoverGold
👍️0
Candlestick_Ninja Candlestick_Ninja 5 months ago
$RBLX ROBLOX is about to head to $48+ well in theory if .618 is held at 33.50 and change, then 60.93 is likely by July!

TipRanks has the average analysts predictions at around $50, which is also a key level at $48-$50

https://www.tradingview.com/chart/RBLX/lGF8L64U-ROBLOX-About-to-head-to-48-over-1-2-Months/

Info and Educational Purposes Only! CandlestickNinjaTV on YT/Rumble for more!
👍️0
DiscoverGold DiscoverGold 6 months ago
Roblox Stock Bounces Back After Bull Note
By: Schaeffer's Investment Research | April 23, 2024

• J.P. Morgan Securities upgraded RBLX to "overweight"

• The stock is down 20.4% in 2024, making for an intriguing entry point

Shares of Roblox Corp (NYSE:RBLX) are 5.2% higher at $36.79 at last glance, following a bull note from J.P. Morgan Securities. The analyst upgraded the video game stock to "overweight" from "neutral" and hiked its price target by $7 to $48, citing significant monetization opportunities and compounding free cash flow.

Up 11.2% over the last six months, RBLX still sports a 20.4% year-to-date deficit. A recent rally attempt was thwarted by the security's 100-day moving average.

Coming into today, the brokerage bunch was mostly bullish, but there's room for some pessimism to unwind. This is because eight of the 23 covering brokerages rate Roblox stock a "hold" or "strong sell."

Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 6 months ago
$RBLX: If CPI comes in tame tomorrow, here is a rate sensitive stock that should be on your radar!
By: Markets & Mayhem | April 9, 2024

• $RBLX If CPI comes in tame tomorrow, here is a rate sensitive stock that should be on your radar!



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 6 months ago
Cathie Wood & Ark Invest's Buys 3,495 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | April 5, 2024

• athie Wood and Ark Invest's trade activity from today 4/5.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 6 months ago
Cathie Wood & Ark Invest's Buys 59,883 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | April 4, 2024

• Cathie Wood and Ark Invest's trade activity from yesterday 4/4.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 6 months ago
Cathie Wood & Ark Invest's Buys 18,647 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | April 2, 2024

Cathie Wood and Ark Invest's trade activity from yesterday 4/2.





Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 6 months ago
Cathie Wood & Ark Invest's Buys 26,388 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | April 1, 2024

• Cathie Wood and Ark Invest's trade activity from yesterday 4/1.





Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 6 months ago
Cathie Wood & Ark Invest's Buys 2,592 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | March 27, 2024

• Cathie Wood and Ark Invest's trade activity from today 3/27.





Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 6 months ago
Cathie Wood & Ark Invest's Buys 30,754 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | March 26, 2024

• Cathie Wood and Ark Invest's trade activity from today 3/26.





Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 6 months ago
Cathie Wood & Ark Invest's Buys 740,115 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | March 25, 2024

• Cathie Wood and Ark Invest's trade activity from today 3/25.





Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 7 months ago
Cathie Wood & Ark Invest's Buys 222,789 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | March 22, 2024

• Cathie Wood and Ark Invest's trade activity from today 3/22.





Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 7 months ago
Cathie Wood & Ark Invest's Buys 72,278 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | March 4, 2024

• Cathie Wood and Ark Invest's trade activity from today 3/4.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 8 months ago
Roblox $RBLX reported earnings highlights
By: Evan | February 7, 2024

• Roblox $RBLX just reported earnings

EPS of -$0.52 beating expectations of -$0.56
Revenue of $749.9M missing expectations of $757.8M



Read Full Story »»»

DiscoverGold
👍️0
eastunder eastunder 8 months ago
Roblox Reports Fourth Quarter and Full Year 2023 Financial Results
Strong year over year growth in Daily Active Users, Hours Engaged, Revenue, and Bookings

February 07, 2024 08:00 AM Eastern Standard Time

SAN MATEO, Calif.--(BUSINESS WIRE)--Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, released its fourth quarter and full year 2023 financial and operational results and issued its full year and first quarter 2024 guidance today. Separately, Roblox posted a letter to shareholders and supplemental materials on the Roblox investor relations website at ir.roblox.com.

“We ended the year with our strongest rate of quarterly bookings growth in two years and delivered our first quarter of $1 billion in bookings. We are scaling our operations efficiently, thereby improving our margins and cash flow, and we expect those trends to continue in 2024”

Fourth Quarter 2023 Financial, Operational, and Liquidity Highlights

Revenue was $749.9 million, up 30% year-over-year.
Bookings were $1,126.8 million, up 25% year-over-year.
Net loss attributable to common stockholders was $323.7 million.
Net cash provided by operating activities was $143.3 million, up 20% year-over-year.
Average Daily Active Users (“DAUs”) were 71.5 million, up 22% year-over-year.
Average monthly unique payers were 15.9 million, up 18% year-over-year, and average bookings per monthly unique payer was $23.65, up 6% year-over-year.
Hours engaged were 15.5 billion, up 21% year-over-year.
Average bookings per DAU was $15.75, up 3% year-over-year.
Net liquidity1 was $2.2 billion; Covenant Adjusted EBITDA2 was $259.6 million, up 42% year-over-year.
Full Year 2023 Financial, Operational, and Liquidity Highlights

Revenue was $2,799.3 million, up 26% year-over-year.
Bookings were $3,520.8 million, up 23% year-over-year.
Net loss attributable to common stockholders was $1,151.9 million.
Net cash provided by operating activities was $458.2 million, up 24% year-over-year.
DAUs were 68.4 million, up 22% year-over-year.
Average monthly unique payers were 14.5 million, up 17% year-over-year, and average bookings per monthly unique payer was $81.05, up 4% year-over-year.
Hours engaged were 60.0 billion, up 22% year-over-year.
Average bookings per DAU was $51.50, flat year-over-year.
Covenant Adjusted EBITDA2 was $431.7 million, up 21% year-over-year.
“We finished 2023 with another strong quarter of growth as we continue to drive innovation and new experiences across the Roblox platform. We enter 2024 with even more conviction of being able to achieve our long-term goal of attracting over 1 billion daily active users with optimism and civility. We continue to benefit from the strong network effects in content, social connection, and communication, as well as our investments in immersive experiences, advertising, and AI,” said David Baszucki, founder and CEO of Roblox.

“We ended the year with our strongest rate of quarterly bookings growth in two years and delivered our first quarter of $1 billion in bookings. We are scaling our operations efficiently, thereby improving our margins and cash flow, and we expect those trends to continue in 2024,” said Michael Guthrie, chief financial officer of Roblox.

Forward Looking Guidance

Roblox provides its initial full year and first quarter 2024 GAAP and non-GAAP guidance:

Full Year 2024 Guidance

Revenue between $3,300 million and $3,400 million.
Bookings between $4,140 million and $4,280 million.
Consolidated net loss between $(1,400) million and $(1,365) million.
Adjusted EBITDA between $(150) million and $(115) million (A), which includes:
Increase in deferred revenue between $852 million and $892 million.
Increase in deferred cost of revenue between $(172) million and $(177) million.
The total of these changes in deferrals between $680 million and $715 million. (B)

(A) + (B) = Covenant Adjusted EBITDA2
First Quarter 2024 Guidance

Revenue between $755 million and $780 million.
Bookings between $910 million and $940 million.
Consolidated net loss between $(347) million and $(342) million.
Adjusted EBITDA between $(55) million and $(50) million (A), which includes:
Increase in deferred revenue between $158 million and $163 million.
Increase in deferred cost of revenue between $(33) million and $(35) million.
The total of these changes in deferrals between $125 million and $128 million. (B)

(A) + (B) = Covenant Adjusted EBITDA2(1)

Net liquidity represents cash and cash equivalents, short-term investments, and long-term investments, less the carrying value of long-term debt, net.(2)

Covenant Adjusted EBITDA is used in certain covenant calculations specified in the indenture governing our senior notes due 2030 and is not calculated in accordance with GAAP and may not conform to the calculation of Adjusted EBITDA by other companies. Covenant Adjusted EBITDA should not be considered as a substitute for a measure of our financial performance or other liquidity measures prepared in accordance with GAAP and is also not indicative of income or loss calculated in accordance with GAAP.
👍️0
eastunder eastunder 8 months ago
Roblox forecasts strong 2024 bookings; in-game spending gets holiday boost
Harshita Mary Varghese
Wed, February 7, 2024 at 6:07 AM MST·2 min read

https://finance.yahoo.com/news/roblox-forecasts-strong-2024-bookings-130730220.html

(Reuters) - Gaming platform Roblox forecast annual bookings above estimates on Wednesday after it crossed $1 billion in quarterly bookings for the first time on higher in-game spending during the holiday season, sending its shares up 15% before the bell.

In a positive sign for the gaming industry, the global video game market is anticipated to grow 2.8% this year, as it expects robust sales of Microsoft's Xbox and Sony's PlayStation 5 consoles, according to research firm NewZoo.

Roblox forecast annual bookings, generated from in-game purchases of virtual currency "Robux", between $4.14 billion and $4.28 billion, above the estimate of $4.03 billion, according to LSEG data.

Its first-quarter bookings forecast was also above expectations.

Net bookings for the fourth quarter came in at $1.13 billion, hitting a new record for the company and surpassing the estimate of $1.08 billion.

The company has been seeing an uptick in spending on its online gaming platform during the holiday quarter, when players have more time because schools and colleges are closed.

Roblox said the growth "continue to be heavily influenced by older users" above the age of 13.

"A slow and steady improvement in the core technology has allowed our developer communities to build better stuff... (which has) naturally attracted an older audience," Roblox CFO, Michael Guthrie said, underscoring Roblox's attempt at diversifying and aging up its player base.

Roblox which is popular for games such as "Brookhaven", "Adopt Me!" and "Blade Ball", has partnered with a number of brands including Adidas, Lamborghini and L'Oreal to engage fans in its 3D world.

The company reported adjusted EBITDA, a profitability metric looked at by investors, of $259.6 million, beating analysts' expectation of $191.2 million.

Average daily active users rose 22%, to 71.5 million in the fourth quarter.
👍️0
DiscoverGold DiscoverGold 9 months ago
Cathie Wood & Ark Invest's Sells 125,763 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | December 27, 2023

• Cathie Wood and Ark Invest's trade activity from today 12/27.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 10 months ago
Analyst Takes Bullish Stance on Roblox Corp (RBLX) Stock
By: Schaeffer's Investment Research | December 13, 2023

• Wells Fargo initiated coverage of RBLX with an "overweight" rating

• The stock is looking to open near levels not seen since July

Wells Fargo believes the potential revenue from advertising on Roblox Corp (NYSE:RBLX) is underappreciated by the market. The Wall Street analyst initiated bullish coverage of the video game concern with an "overweight" rating and a $49 price target.

In response, RBLX is up 2.3% premarket, looking to open at $43 area for the first time since July. This quarter alone, the equity has tacked on more than 45%, helping it to a 47.7% year-to-date lead.

Coming into today, the brokerage bunch was mostly bullish, but there's room for pessimism to unwind. This is because eight of the 21 covering brokerages rate Roblox stock a "hold" or "strong sell." What's more, the 12-month consensus target price of $41.88 is a slim discount to last night's close, indicating more price-target hikes could come around.

Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 10 months ago
Roblox Corporation (RBLX) Failed to Disclose the Company’s Bookings and Revenue Growth was Unsustainable
By: Robbins | December 11, 2023

A shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Roblox Corporation (NYSE: RBLX) Class A common stock between March 10, 2021 and February 15, 2022. Roblox operates a video game platform that provides developers with tools to create games that are hosted on the Company’s servers.

According to the complaint, during the class period, defendants failed to disclose that: (1) the Roblox platform had insufficient content controls and lacked user spending restrictions; (2) these inadequate controls enabled younger Roblox users to play games with inappropriate content and make excessive, unauthorized Robux purchases; (3) a material portion of Roblox’s bookings and revenue growth was due to these excessive, unauthorized Robux purchases; (4) fourth quarter 2021 and 2022 bookings would be negatively impacted by Roblox’s planned rollout of enhanced parental controls; and (5) based on the foregoing, the Company’s bookings and revenue growth was unsustainable throughout the class period.

The truth was revealed on February 15, 2022, when Roblox issued a press release disclosing poor Q4 2021 results. Roblox reported Q4 2021 bookings at $770.1 million, well short of the $786.8 million analyst consensus target. Key performance indicators on audience size and engagement both showed sequential and year-over-year declines. Roblox’s slowing growth trend continued into 2022 as January bookings was estimated between $220 million and $223 million, a range that analysts called “very weak.” In reaction to these disclosures, the price of Roblox stock plummeted by 26.5% to close at $53.87 per share on February 16, 2022.

Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 10 months ago
Roblox $RBLX trying to break out, but no strength yet. 42 Must clear on volume
By: Options Mike | December 10, 2023

• $RBLX trying to break out, but no strength yet.

42 Must clear on volume.



Read Full Story »»»

DiscoverGold
👍️0

Your Recent History

Delayed Upgrade Clock