Wall Street Analyst Downgrade Roblox Corporation [RBLX]. What else is Wall St. saying

Roblox Corporation [NYSE: RBLX] loss -2.49% on the last trading session, reaching $31.72 price per share at the time. The company report on November 9, 2022 that Roblox Reports Third Quarter 2022 Financial Results.

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Strong year over year growth in Daily Active Users, Hours Engaged and Bookings.

Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, released its third quarter 2022 financial and operational results today as well as key metrics for the month of October 2022. Separately, Roblox posted a letter to shareholders and supplemental materials on the Roblox investor relations website at ir.roblox.com.

Roblox Corporation represents 597.78 million in outstanding shares, while the company has a total market value of $19.54 billion with the latest information. RBLX stock price has been found in the range of $31.08 to $33.13.

If compared to the average trading volume of 18.48M shares, RBLX reached a trading volume of 11020284 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Roblox Corporation [RBLX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RBLX shares is $39.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RBLX stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 10, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on October 26, 2022, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another raise to $55, while DA Davidson analysts kept a Buy rating on RBLX stock.

The Average True Range (ATR) for Roblox Corporation is set at 3.17, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 8.82. The Price to Book ratio for the last quarter was 44.68, with the Price to Cash per share for the same quarter was set at 4.90. Price to Free Cash Flow for RBLX in the course of the last twelve months was 334.67 with Quick ratio for the last quarter at 1.60.

Trading performance analysis for RBLX stock

Roblox Corporation [RBLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.66. With this latest performance, RBLX shares dropped by -25.49% in over the last four-week period, additionally plugging by 0.38% over the last 6 months – not to mention a drop of -74.85% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RBLX stock in for the last two-week period is set at 36.58, with the RSI for the last a single of trading hit 32.41, and the three-weeks RSI is set at 39.56 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 39.06, while it was recorded at 34.20 for the last single week of trading, and 40.46 for the last 200 days.

Roblox Corporation [RBLX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Roblox Corporation [RBLX] shares currently have an operating margin of -23.16 and a Gross Margin at +22.27. Roblox Corporation’s Net Margin is presently recorded at -25.62.

Return on Equity for this stock declined to -295.79, with Return on Assets sitting at -15.34.

Roblox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

An analysis of insider ownership at Roblox Corporation [RBLX]

There are presently around $12,650 million, or 74.10% of RBLX stock, in the hands of institutional investors. The top three institutional holders of RBLX stocks are: ALTOS VENTURES MANAGEMENT INC. with ownership of 78,657,780, which is approximately -4.982% of the company’s market cap and around 0.80% of the total institutional ownership; MORGAN STANLEY, holding 40,045,061 shares of the stock with an approximate value of $1.27 billion in RBLX stocks shares; and VANGUARD GROUP INC, currently with $897.78 million in RBLX stock with ownership of nearly 29.201% of the company’s market capitalization.

Positions in Roblox Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 288 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 62,114,863 shares. Additionally, 264 investors decreased positions by around 41,006,097 shares, while 128 investors held positions by with 295,676,991 shares. The mentioned changes placed institutional holdings at 398,797,951 shares, according to the latest SEC report filing. RBLX stock had 94 new institutional investments in for a total of 11,201,091 shares, while 96 institutional investors sold positions of 7,088,373 shares during the same period.


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