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RBLX Breakout fakeout Back into the descending channel torture chamber
By: TrendSpider | June 12, 2022
• $RBLX Breakout fakeout Back into the descending channel torture chamber.
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Roblox (RBLX) Stock Falls on Goldman Sachs Downgrade
By: Schaeffer's Investment Research | June 10, 2022
• Goldman Sachs downgraded RBLX to "sell" from "neutral"
• RBLX is on track to extend yesterday's 7.1% drop
Goldman Sachs downgraded Roblox Corp (NYSE:RBLX) to "sell" from "neutral" this morning, sending the shares down 5.3% to trade at $28.88 at last glance. The firm cited a weaker macro environment, lower revenue growth, and broader industry maturation. This move lower has RBLX extending yesterday's 7.1% drop, after Jefferies said the company's user engagement was worsening, though the analyst in coverage raised its price target due to "improving (albeit volatile) group multiples."
On the charts, Roblox stock has struggled to rally from its recent May 10 record low of $21.65, with overhead pressure at its 50-day moving average. Year-to-date, the equity is already down 71.7%.
Despite calls outnumbering puts on an absolute basis, the stock's 10-day put/call volume ratio of 0.80 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) is in the elevated 97th percentile of its annual range. In other words, this suggests puts being picked up at a much faster-than-usual rate over the last two weeks.
For those looking to weigh in, options look like a solid move at the moment. According to its Schaeffer's Volatility Scorecard (SVS) tally of 74 out of 100, RBLX has consistently realized bigger returns than options traders have priced in over the last 12 months.
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Cathie Wood & Ark Invest's Buys 75,125 More Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | June 9, 2022
• Cathie Wood & Ark Invest's trade activity from today 6/9.
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Roblox Breaking out while price continues to squeeze, watch for a pop!
By: TrendSpider | June 8, 2022
• $RBLX Breaking out while price continues to squeeze, watch for a pop!.
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Cathie Wood & Ark Invest's Buys 422,638 More Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | June 7, 2022
• Cathie Wood & Ark Invest's trade activity from today 6/7.
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Cathie Wood & Ark Invest's Buys 198,427 More Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | June 6, 2022
• Cathie Wood & Ark Invest's trade activity from today 6/6.
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Roblox Struggles to Stay Ahead in a Changing World
By: TheStreet | June 4, 2022
• Roblox's shares are down 71% since January.
"ROBLOX UR STOCK IS DIVING INTO THE MULTIVERSE OF DOCTOR STRANGE," the commenter tweeted, referring to the recent Marvel film. "THIS ISNT HELPING."
That might sound a little harsh, but Roblox Corp. (RBLX), a video game developer, has been hit with some bad mojo in the last few months.
'The Foreseeable Future'
Founded by David Baszucki and the late Erik Casse, Roblox finished down nearly 11% to $30 on June 3, a far, far cry from its all-time closing price high of $134.72, which it reached on Nov. 19. The stock has lost 71% of its value since January, and about $40 billion in market cap evaporated during this time.
The company released Roblox, an online game platform and game creation system, that allows users to program games and play games created by other users.
There are over 202 million monthly active Roblox users worldwide, the company said.
Roblox is free to play, with in-game purchases available through a virtual currency called Robux.
Lately, analysts have not been high on Roblox, which went public on March 10, 2021.
The company missed Wall Street's expectations for two quarters in a row as covid-19 pandemic restrictions eased and users starting going out again.
Roblox said in a letter to shareholders that "we expect to continue to report net losses for the foreseeable future even as we anticipate generating net cash from operating activities."
'Flagging User Engagement'
Last month, Kunaal Malde, an analyst with Atlantic Equities, downgraded the company to neutral, saying that flagging user engagement numbers suggest trouble ahead as the company tries to monetize its online gaming platform.
Malde also cut his price target to $30 per share from $60.
Morgan Stanley analyst Brian Nowak expressed concern over the company’s top-line growth in the second half of the year.
Nowak, who lowered his price target from $32 to $27, predicted that increased investments to developers may negatively affect the company’s margins, while questioning the dilutive impact of certain stock compensation options offered by the company.
While the first-quarter was "better than feared," Novak said he remains cautious on revenue trends into the second half and 2023.
The analyst reiterated his “equal weight” rating but warned of a potential bear case where the stock drops as low as $15 per share.
'Lost Touch With its Community'
Roblox has also been battered on social media.
“Dad, buy ROBLOX stock” the kids said," one tweet read. “It will be fun” they said… -51%"
"The problem lies in PR and community interaction" one person tweeted, "now that they realize that they no longer need to try in order to make money, they can cut down the unnecessary and focus on whats more important like their stock, roblox had lost its touch with the community."
Another commenter gave the company something of backhanded compliment by posting an image of actress Amber Heard that listed her net worth as negative $8 million, after her ex-husband Johnny Depp was awarded $10 million in a defamation case.
"This is worse than roblox stock," the person declared. "holy sh@t"
'This is Not Attractive'
Roblox has a big presence in the metaverse, which lately appears to be losing some of its sheen.
Marc Petit, Epic Games’ VP and general manager of Unreal Engine, told Yahoo Finance recently that "people have kind of lost interest in the metaverse, because characters look like cartoons with no legs."
“I mean, who wants to be that?" he asked. "This is not attractive.”
A survey conducted by Axios and market research software company Momentive found that 60% of the respondents were unfamiliar with the idea of a metaverse.
Among those who are familiar with the metaverse, 50% were neither scared nor excited about it, while 35% were more scared and 14% are more excited.
And Roblox has been accused by the YouTube channel People Make Games for exploiting young video game developers by taking an outsized share of revenue made from games on their platform.
'Continuous Innovation'
Baszucki reiterated the company's growth during the May 11 analysts call: daily active users totaled 54 million for the first quarter, up 28% year-over-year and the highest ever.
Hours of engagement were up 22%, while bookings were at $631 million for the first quarter, which was 3% below the year ago total. Roblox also generated over $150 million of net cash and $100 million of free cash in the first quarter.
"March, we believe, was our most difficult month lapping Covid," Baszucki said, according to a transcript of the call. "And what is really exciting is all of the user gains generally we accrued during Covid, we've kept."
Still, he added, "our bookings are highly correlated with hours of engagement, and our hours have decreased in some cohorts as we've emerged from Covid."
"We continue to believe that part of the long-term growth for our company is continuous innovation," Baszucki said.
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Roblox (RBLX) PT Lowered to $52.00
By: MarketBeat | June 3, 2022
• Roblox (NYSE:RBLX - Get Rating) had its target price decreased by Citigroup from $59.00 to $52.00 in a report issued on Friday, The Fly reports. Citigroup's price objective indicates a potential upside of 66.03% from the stock's current price...
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Roblox Chart still a mess, over the 21D then 35 area resistance
By: Options Mike | May 30, 2022
• $RBLX chatter on this one last week as well. Now every game company getting bought out LOL
Chart still a mess, over the 21D then 35 area resistance.
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Zacks Investment Research Upgrades Roblox (RBLX) to Hold
By: ABMN | May 19, 2022
• Roblox (NYSE:RBLX – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.
According to Zacks, “Roblox Corporation develops and operates an online entertainment platform. It offers Roblox Client, an application that allows users to explore 3D digital worlds; and Roblox Studio, a toolset which allows developers and creators to build, publish and operate 3D experiences and other content. The company also provides Roblox Cloud, a solution which provides services and infrastructure to power the human co-experience platform. Roblox Corporation is based in San Mateo, California. “..
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Roblox 1.80 Million Share at $32.55 #darkpool print
By: Money Flow Mel | May 18, 2022
• $RBLX 1.80 million share #darkpool print at $32.55.
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Roblox Close (last 100 trades) flow:
By: unusual_whales | May 16, 2022
• $RBLX close (last 100 trades) flow:
- Put/call ratio: 0.842, call premium: 17M
- Avg 3d call volume: 180K, Fri: 105K
- Avg 3d put volume: 144K, Fri: 88K
Premium:
- 5K: 52% Bullish
- 15K: 43% Bullish
- 30K: 44% Bullish
- 10-21 expiry, $40 strike Bullish
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Wedbush Weighs in on Roblox Co.'s Q1 2022 Earnings (RBLX)
By: MarketBeat | May 14, 2022
• Roblox Co. (NYSE:RBLX - Get Rating) - Equities research analysts at Wedbush issued their Q1 2022 EPS estimates for Roblox in a research note issued to investors on Monday, May 9th. Wedbush analyst N. Mckay forecasts that the company will post earnings of ($0.09) per share for the quarter. Wedbush has a "Neutral" rating and a $28.00 price target on the stock...
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Roblox So I didn't like their report, but market bought it up! 21D here above then the 50D
By: Options Mike | May 15, 2022
• $RBLX So I didn't like their report, but market bought it up! 21D here above then the 50D
Stong move.
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The world of tech Roblox and Uber topping the monthly pay for interns at major companies
By: Markets & Mayhem | May 13, 2022
• The world of tech is also no stranger to paying well for talent, with Roblox and Uber topping the monthly pay for interns at major companies.
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Roblox (RBLX) unfilled gap above, starts at $59.00 and fills at $66.34
By: TrendSpider | May 14, 2022
• $RBLX Roblox unfilled gap above, starts at $59.00 and fills at $66.34.
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$RBLX Roblox strong after holding support +18.2% today
By: TrendSpider | May 12, 2022
• $RBLX Roblox strong after holding support +18.2% today.
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Roblox expects losses for 'foreseeable future' as pandemic demand wanes
By: Reuters | May 10, 2022
Roblox Corp said it expects net losses to continue for the "foreseeable future", after higher expenses and a slowdown in demand from pandemic-era highs dragged bookings in the first quarter.
That also pushed the company's quarterly loss below estimates, sending its shares down 3.8% in extended trading.
Roblox, one of the world's most popular gaming sites for children, is starting to feel the pinch from easing COVID restrictions that have allowed kids to spend more time outdoors.
"... We expect to continue to report net losses for the foreseeable future even as we anticipate generating net cash from operating activities," the company said in a letter to shareholders.
In the United States and Canada, it saw a decline in hours spent, although strength in other markets helped overall daily active users grow 28% to 54.1 million in the quarter. Total hours spent on the platform reached 11.8 billion hours, a 22% rise.
To make up for cooling lockdown-led demand, the California-based firm has been doubling down on the "metaverse", a virtual space where players can do everything from hang out and chat to shopping and attending concerts.
Roblox, one of the first companies to focus on the metaverse, said investments in developing its platform sent total cost and expenses up about 32% in the quarter.
First-quarter bookings fell 3% to $631.2 million, while analysts had expected $645.3 million, according to IBES data from Refinitiv.
The company generates most of its bookings from its virtual currency "Robux", which players can purchase with real money to spend in-game on upgrading their avatars with items like outfits, accessories and pets.
On an adjusted basis, Roblox lost 27 cents per share in the quarter ended March 31, higher than estimates of 21 cents.
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Yes, any transaction gets reported. I have seen buys and sells posted from other congressmen.
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She originally bought 10,000 shares at IPO (69.50/share) back in 3/10/21
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Roblox (RBLX) quarterly bookings miss estimates
By: Reuters | May 10, 2022
Roblox Corp missed estimates for quarterly bookings on Tuesday, as demand for its online games waned with kids returning to school after pandemic curbs ease.
Easing of restrictions and a reopening economy has affected bookings for pandemic winner Roblox, one of the world's most popular gaming sites for children, as kids now spend more time outdoors.
The San Mateo, California-based company posted a 3% fall in first-quarter bookings to $631.2 million. Analysts had expected $644.8 million, according to IBES data from Refinitiv.
The company generates most of its money from virtual currency "Robux", which players can purchase to spend in-game on upgrading avatars with items like outfits, accessories and pets.
Net loss attributable to common stockholders widened to $160.2 million, from $134.2 million a year earlier.
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Roblox Price Target Cut By BofA
By: Investing.com | May 5, 2022
Roblox Corp (NYSE:RBLX) shares fell 12.5% on Thursday after BofA analyst Omar Dessouky cut the price target to $46 from $71.
In a note to clients, the analyst said that they now revise first-quarter bookings estimates for Roblox to -3% year-over-year and second-quarter estimates to 0% year-over-year from +23%. In addition, they cut second-half growth to 15% YoY from 27%.
Dessouky added that previous estimates "appear too optimistic," and they are now 6% below the Street and in line with the full-year consensus.
Despite the price target cut, BofA retained its buy rating on the stock because it expects year-over-year growth to "trough in April, potentially
attracting new money into the stock."
For the year-to-date, the stock has declined over 70% after surging in November 2021.
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Roblox: Bull vs. Bear
By: Motley Fool | April 29, 2022
• Is this metaverse name about to pop -- or drop?
Once a darling of the stay-at-home bull market, Roblox (RBLX -4.55%) has seen its stock price crater over the last six months. Shares are down a breathtaking 78% since last fall.
Much of the decline came after the company announced disappointing earnings results back in February. With the company poised to report first-quarter earnings results on May 10, investors want to know: Is now the time to buy Roblox?
Let's examine the bull and bear cases.
Bear case: Key metrics are declining and analysts are cutting earnings estimates
Bears argue that Roblox was something of a flash in the pan. They say pandemic lockdowns and school closures drove its staggering popularity in 2020 and 2021. Now, with pandemic restrictions mostly in the rearview mirror in the United States and Europe, the argument follows that school-age children (Roblox's primary audience) will turn away from the online platform and its prospects will evaporate.
And the bears have some data to back up their thesis. Roblox itself announced in its February 2022 key metrics press release that estimated bookings (purchases of its online currency) dropped between 2% to 4% compared to February 2021. Furthermore, the average booking per daily active user fell to between $3.68 and $3.74 -- a decline of 24% to 25% from a year earlier.
None of this inspires confidence in the analyst community. As a result, full-year 2022 earnings estimates were slashed after the February earnings miss and haven't recovered. Unless and until Roblox management shows it can meet or beat the analyst estimates, expect the stock to remain under pressure.
Bull case: Cheaper valuation and low expectations provide an opportunity
The Roblox bulls see last quarter's earnings miss as an opportunity, not a challenge. Expectations are low, and the company has already telegraphed that daily active users and total hours engaged should rise significantly on a year-over-year basis. If the company outperforms on any of its other key metrics (total bookings or average bookings per daily active user), shares should get a boost.
Moreover, from a valuation standpoint, the stock has never been cheaper. Its current price-to-sales (P/S) ratio is 7.99. This is well below its one-year average P/S ratio of 25.16.
RBLX PS RATIO DATA BY YCHARTS
Is it a buy?
It's important to remember that Roblox is a young company. It went public just over a year ago on March 10, 2021. As its management team gains experience, I'm confident it will find ways to better monetize its platform. What's more, Roblox's market cap is now only $18 billion, making it attractive as an acquisition target. If you're OK with holding through some volatility, Roblox looks like a solid way to invest in the metaverse.
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Roblox (RBLX) Upgraded by Zacks Investment Research to Hold
By: ABMN | April 24, 2022
• Zacks Investment Research upgraded shares of Roblox (NYSE:RBLX – Get Rating) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.
According to Zacks, “Roblox Corporation develops and operates an online entertainment platform. It offers Roblox Client, an application that allows users to explore 3D digital worlds; and Roblox Studio, a toolset which allows developers and creators to build, publish and operate 3D experiences and other content. The company also provides Roblox Cloud, a solution which provides services and infrastructure to power the human co-experience platform. Roblox Corporation is based in San Mateo, California. “
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$RBLX No relief for Roblox
By: TrendSpider | April 22, 2022
• $RBLX No relief for Roblox.
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Cathie Wood & Ark Invest's Buys 338,663 More Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | April 21, 2022
• Cathie Wood & Ark Invest's trade activity from today 4/21.
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$RBLX At some point does Roblox become an acquisition target for the $MSFT's & $FB's of the world?
By: TrendSpider | April 21, 2022
• $RBLX At some point does Roblox become an acquisition target for the $MSFT's & $FB's of the world?
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Cathie Wood & Ark Invest's Buys 440,419 More Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | April 20, 2022
• Cathie Wood & Ark Invest's trade activity from today 4/20.
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Roblox is getting absolutely creamed today, down -13.5%
By: TrendSpider | April 20, 2022
• $RBLX Roblox is getting absolutely creamed today, down -13.5%.
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$RBLX Roblox grinding for a bullish engulfing candle on the daily
By: TrendSpider | April 19, 2022
• $RBLX Roblox grinding for a bullish engulfing candle on the daily.
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Roblox Cut to Neutral at Goldman Sachs on Post Pandemic Normalization
By: Investing.com | April 19, 2022
Goldman Sachs analyst Eric Sheridan downgraded Electronic Arts (NASDAQ:EA) to Neutral from Buy with a $145.00 per share price target.
“We see EA as a fast growing company with long term margin potential and well positioned to take market share going forward. We see growth mostly driven by their core portfolio, mobile strategy, international expansion, M&A opportunities and organic projects, and long term EBITDA margin expansion to be realized in the out years. With a newly appointed CFO and our own estimates below the Street in the coming years, we are looking for greater clarity on the path for growth and margin trajectory over the long term,” Sheridan said in a client note.
Moreover, the analyst also cut the rating on Roblox (NYSE:RBLX) to Neutral from Buy with a $50.00 per share price target (down from $108.00).
“We still see Roblox as growing above industry levels in terms of revenue with a strong long term margin potential. We expect Roblox to grow bookings through DAU expansion, from $2.7bn in 2021 to $6bn by 2026, representing a 17% 5 year CAGR. A mixture of putting the near term headwinds behind the company coupled with continued strong management execution could drive the share’s risk/reward to be more constructive.”
Playtika (NASDAQ:PLTK) is also downgraded from Buy to Neutral with a $22.00 per share price target while Ubisoft (OTC:UBSFY) is downgraded to Sell from Neutral.
Shares of Roblox and EA are down 3% and 2%, respectively, in pre-market Tuesday.
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Roblox GoNoGo bucks the bearish trend as price starts to squeeze just below resistance
By: TrendSpider | April 14, 2022
• $RBLX GoNoGo bucks the bearish trend as price starts to squeeze just below resistance.
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$RBLX Roblox shakes the bearish trend for this first time in 2022
By: TrendSpider | April 12, 2022
• $RBLX Roblox shakes the bearish trend for this first time in 2022 Could try and turn the volume shelf into a launch pad.
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Roblox $RBLX Falling wedge forming on the 65 minute with price falling into range of the daily lower STRAC band
By: TrendSpider | April 9, 2022
• $RBLX Falling wedge forming on the 65 minute with price falling into range of the daily lower STRAC band.
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$RBLX Roblox rejected at resistance and falls below the volume shelf, increasing supply above
By: TrendSpider | April 7, 2022
• $RBLX Roblox rejected at resistance and falls below the volume shelf, increasing supply above.
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