In the latest trading session, 3.3 million Roblox Corporation (NYSE:RBLX) shares changed hands as the company’s beta touched 1.60. With the company’s most recent per share price at $41.80 changing hands around $1.26 or 3.10% at last look, the market valuation stands at $27.05B. RBLX’s current price is a discount, trading about -12.92% off its 52-week high of $47.20. The share price had its 52-week low at $24.88, which suggests the last value was 40.48% up since then. When we look at Roblox Corporation’s average trading volume, we note the 10-day average is 6.25 million shares, with the 3-month average coming to 6.00 million.

Analysts gave the Roblox Corporation (RBLX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.94. If we narrow down to specifics, the data shows that 2 out of 26 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 6 recommended RBLX as a Hold, 17 felt it is a Buy and 0 rated the stock as Underweight.

Roblox Corporation (NYSE:RBLX) trade information

Instantly RBLX is in green as seen in intraday trades today. With action 6.92%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -8.58%, with the 5-day performance at 6.92% in the green. However, in the 30-day time frame, Roblox Corporation (NYSE:RBLX) is 1.74% up. Looking at the short shares, we see there were 17.07 million shares sold at short interest cover period of 3.51 days.

The consensus price target for the stock as assigned by Wall Street analysts is 46.5, meaning bulls need an upside of 10.11% from its recent market value. According to analyst projections, RBLX’s forecast low is 20 with 125 as the target high. To hit the forecast high, the stock’s price needs a -199.04% plunge from its current level, while the stock would need to tank 52.15% for it to hit the projected low.

Roblox Corporation (RBLX) estimates and forecasts

Data shows that the Roblox Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 2.59% over the past 6 months, a 14.97% in annual growth rate that is considerably higher than the industry average of 11.80%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -63.26%. The 2024 estimates are for Roblox Corporation earnings to increase by 12.38%, but the outlook for the next 5-year period is at 10.19% per year.

RBLX Dividends

Roblox Corporation is expected to release its next quarterly earnings report on 2024-Nov-06.

Roblox Corporation (NYSE:RBLX)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 5.56% of Roblox Corporation shares while 74.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.59%. There are 74.23% institutions holding the Roblox Corporation stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.812% of the shares, roughly 49.61 million RBLX shares worth $1.85 billion.

ALTOS VENTURES MANAGEMENT INC. holds the second largest percentage of outstanding shares, with 6.9199% or 43.94 million shares worth $1.64 billion as of 2024-06-30.

Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 17.41 shares estimated at $729.42 million under it, the former controlled 2.91% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.01% of the shares, roughly 12.0 shares worth around $502.85 million.