In the last trading session, 4.79 million shares of the Roblox Corporation (NYSE:RBLX) were traded. Most recently the company’s share price was $79.86, and it changed around $0.62 or 0.78% from the last close, which brings the market valuation of the company to $45.34B. RBLX currently trades at a discount to its 52-week high of $103.87, offering almost -30.07% off that amount. The share price’s 52-week low was $60.50, which indicates that the current value has risen by an impressive 24.24% since then. We note from Roblox Corporation’s average daily trading volume that its 10-day average is 8.31 million shares, with the 3-month average coming to 10.85 million.
Roblox Corporation stock received a consensus recommendation rating of an Overweight, based on a mean score of 1.80. If we narrow it down even further, the data shows that 1 out of 9 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended RBLX as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Roblox Corporation is expected to report earnings per share of $0.23 for the current quarter.
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Instantly RBLX has showed a green trend with a performance of 0.78% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 84.24 on Tuesday, 07/20/21 increased the stock’s daily price by 5.2%. The company’s shares are currently up 14.91% year-to-date, but still down -4.95% over the last five days. On the other hand, Roblox Corporation (NYSE:RBLX) is -1.58% down in the 30-day period. We can see from the shorts that 11.09 million shares have been sold at a short interest cover period of 0.88 day(s).
The consensus price target as assigned by Wall Street analysts is $89.75, which translates to bulls needing to increase their stock price by 11.02% from its current value. Analyst projections state that RBLX is forecast to be at a low of $75.00 and a high of $103.00. In order for the stock price to hit the forecast high, the stock would need to plunge -28.98% from its current level, while the stock would need to crash 6.09% from its current level to reach the projected low.
Roblox Corporation (RBLX) estimates and forecasts
The year-over-year growth rate is expected to be 186.30%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $693.31 million in revenue for the current quarter. 4 analysts expect Roblox Corporation to make $634.75 million in revenue for the quarter ending Sep 2021. Forecasts for the next quarter put sales growth at 162.10%.
Roblox Corporation earnings are expected to increase by -256.80% in 2021, but the outlook is positive 1.10% per year for the next five years.
Roblox Corporation’s next quarterly earnings report is expected to be released on May 10.
Roblox Corporation (NYSE:RBLX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.84% of Roblox Corporation shares, and 72.03% of them are in the hands of institutional investors. The stock currently has a share float of 74.90%. Roblox Corporation stock is held by 362 institutions, with Meritech Capital Associates V, LLC being the largest institutional investor. By Mar 30, 2021, it held 8.87% of the shares, which is about 45.8 million shares worth $2.97 billion.
Tiger Global Management, LLC, with 7.83% or 40.43 million shares worth $2.62 billion as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Price (T.Rowe) Global Technology Fund were the top two Mutual Funds as of Mar 30, 2021. The former held 5.59 million shares worth $362.43 million, making up 1.08% of all outstanding shares. On the other hand, Price (T.Rowe) Global Technology Fund held roughly 3.91 million shares worth around $253.38 million, which represents about 0.76% of the total shares outstanding.
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