In today’s recent session, 0.58 million shares of the Roblox Corporation (NYSE:RBLX) have been traded, and its beta is 1.48. Most recently the company’s share price was $61.04, and it changed around -$0.97 or -1.56% from the last close, which brings the market valuation of the company to $40.73B. RBLX at last check was trading at a discount to its 52-week high of $75.74, offering almost -24.08% off that amount. The share price’s 52-week low was $29.55, which indicates that the recent value has risen by an impressive 51.59% since then. We note from Roblox Corporation’s average daily trading volume that its 10-day average is 8.37 million shares, with the 3-month average coming to 8.89 million.
Roblox Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 2.15. If we narrow it down even further, the data shows that 2 out of 33 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 11 recommended RBLX as a Hold, whereas 12 deemed it a Buy, and 1 rated it as Underweight. Roblox Corporation is expected to report earnings per share of -0.41 for the current quarter.
Roblox Corporation (NYSE:RBLX) trade information
Instantly RBLX has been showing red trend so far today with a performance of -1.56% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 62.66 on recent trading dayincreased the stock’s daily price by 2.59%. The company’s shares are currently up 5.50% year-to-date, but still up 5.06% over the last five days. On the other hand, Roblox Corporation (NYSE:RBLX) is 2.76% up in the 30-day period. We can see from the shorts that 16.21 million shares have been sold at a short interest cover period of 1.67 day(s).
The consensus price target as assigned by Wall Street analysts is $54, which translates to bulls needing to decrease their stock price by -13.04% from its current value. Analyst projections state that RBLX is forecast to be at a low of $43 and a high of $63.
Roblox Corporation (RBLX) estimates and forecasts
The year-over-year growth rate is expected to be 20.45%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 1.14B in revenue for the current quarter. 9 analysts expect Roblox Corporation to make 1.17B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 923.76M and 955.18M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 22.90%. Forecasts for the next quarter put sales growth at 22.61%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -61.92%. Roblox Corporation earnings are expected to increase by -3.48% in 2025, but the outlook is positive 13.45% per year for the next five years.
Roblox Corporation (NYSE:RBLX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.45% of Roblox Corporation shares, and 79.40% of them are in the hands of institutional investors. The stock currently has a share float of 84.88%. Roblox Corporation stock is held by 1026.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.812% of the shares, which is about 49.61 million shares worth $1.85 billion.
ALTOS VENTURES MANAGEMENT INC., with 6.836% or 43.94 million shares worth $1.64 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 17.15 shares worth $1.05 billion, making up 2.77% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 11.75 shares worth around $719.41 million, which represents about 1.90% of the total shares outstanding.
