Roblox Corporation's (NYSE: RBLX) Stock Prices May Increase Drastically In The Near Future. – Marketing Sentinel

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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.

RBLX Dividends

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.

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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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