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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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Ah!
Would they report if she had sold?
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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Nancy Pelosi bought it around $100... LMAO!
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 $18 billion, making it attractive as an acquisition target. If you're OK with holding through some volatility, Roblox looks like a solid way to invest in the metaverse.
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This morning my kids were telling me about Kim Kardashian suing Roblox
Roblox (RBLX) Upgraded by Zacks Investment Research to Hold
By: ABMN | April 24, 2022
• Zacks Investment Research upgraded shares of Roblox (NYSE:RBLX – Get Rating) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.
According to Zacks, “Roblox Corporation develops and operates an online entertainment platform. It offers Roblox Client, an application that allows users to explore 3D digital worlds; and Roblox Studio, a toolset which allows developers and creators to build, publish and operate 3D experiences and other content. The company also provides Roblox Cloud, a solution which provides services and infrastructure to power the human co-experience platform. Roblox Corporation is based in San Mateo, California. “
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$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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The future is bright $43 is a great price
$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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Is this the bottom? Earning today might solidify
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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Roblox $RBLX Super tight consolidation right under 15 ORB ~ spec sweeper active in to the 04/08/22 $50 CALLS
By: Money Flow Mel | April 4, 2022
• $RBLX Super tight consolidation right under 15 ORB ~ spec sweeper active in to the 04/08/22 $50 CALLS.
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I saw the same set up. Pr I cks keep knocking it down and the market isn’t helping.
$RBLX Roblox inverse H&S forming outside resistance
By: TrendSpider | March 29, 2022
• $RBLX Roblox inverse H&S forming outside resistance, looking to turn the volume shelf into a launch pad!
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$RBLX Spec sweepers active in to the 04/01/22 $52 CALLS
By: Money Flow Mel | March 29, 2022
• $RBLX Spec sweepers active in to the 04/01/22 $52 CALLS.
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Roblox Stock Pops After Daiwa Starts Coverage at Outperform
By: Investing.com | March 28, 2022
Daiwa Capital Markets analyst Jonathan Kees initiated research coverage on Roblox at Outperform with a $56.00 per share price target.
Roblox is seen as a category leader in mobile gaming.
"RBLX has a lock on hard-to-reach users under age 13 and differentiators including ~11M developers and speed and ease of use. Our concerns include the aging out of its user group, lower monetization as the company expands internationally and with older users, and higher opex costs ahead," the analyst said in a client note.
Kees also started research coverage on Unity Software (NYSE:U) at Outperform with a $110.00 per share price target.
"Our view may be early on these two names but we would rather be early than late. We believe the risk/reward has become favorable for each. While still expensive compared to peers, both are trading below their historical average and near 52-week lows. We believe that the peer premiums are justified due to market leadership. 2H22 should provide more clarity on both's user expansion and reaching profitability, which we believe is nearer than investors expect," the analyst added.
Roblox (NYSE:RBLX) stock price is up 2.5% today.
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Cathie Wood & Ark Invest's Buys 596,233 More Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | March 25, 2022
• Cathie Wood & Ark Invest's trade activity from today 3/25
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Roblox $RBLX Potential Rising wedge forming on the 65 minute
By: TrendSpider | March 24, 2022
• $RBLX Potential Rising wedge forming on the 65 minute.
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Everything is down. There is a "special military operation" going on. Seems to have the same effect as a war.
JMO
What's Weighing on Roblox (NYSE:RBLX) Stock Right Now
By: Schaeffer's Investment Research | March 24, 2022
• Roblox just released metrics for February of 2022
• RBLX is down over 50% since the start of the year
On March 15, the senior leadership team at Roblox Corporation (NYSE:RBLX) released some key metrics for February 2022. RBLX reported 55.1 million daily users, up 28% year-over-year. The firm also reported 3.8 billion hours of engagement for the month of February, up 21% year-over-year. On the other hand, RBLX's estimated bookings were down 2%- 4% year-over-year.
Digging deeper, RBLX reported $1.92 billion in revenues for fiscal 2021, marking 108% growth since fiscal 2020 and a 490% increase since fiscal 2018. Roblox also reported roughly $491.7 million in net losses for fiscal 2021, marking a $240 million decrease since fiscal 2020 and a $404 million decrease since fiscal 2018.
Roblox’s earnings are estimated to drop $0.14 for fiscal 2022, going from an EPS (earnings per share) of -$0.85 down to -$0.99. The gaming company is also estimated to grow revenues 22% for fiscal 2022, which is significantly lower than the previous year’s growth rates.
Still, RBLX maintains a strong balance sheet with $3 billion in cash and $1.23 billion in total debt, providing some security for the business’s longevity. However, Roblox stock continues to be overvalued at a price-sales ratio of 13.37, despite RBLX dropping significantly in value over the past 12 months.
In fact, the stock has shed 52% this year, and is down 23% in the last 12 months, dropping dramatically from its Nov. 22 record high of $141.59. Last seen down 2.3% at $49.50, RBLX has more than halved, as it tries to distance itself from its record low of $36.33, hit on March 14. While it's broken back above the 20-day moving average, the overhead 40-day rejected the stock's rally attempt during yesterday's session.
Analysts have remained optimistic, despite Roblox stock's poor performance. Of the 10 in coverage, seven call RBLX a "buy" or better. Plus, the 12-month consensus price target of $69.43 is a 41.4% premium to current levels.
Short sellers have also been targeting the stock, however. Short interest rose 22.4% in the last two reporting period and now makes up 4.6% of the stock's available float, or a day's worth of pent-up buying power.
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Is Roblox (RBLX) A Worthy Long-Term Investment?
By: Insider Monkey | March 22, 2022
Tao Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. A return of -4.82 percentage points was delivered by the fund for the fourth quarter of 2021, underperforming its benchmark, the MSCI All Country World Index which delivered +6.98 percentage points for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
Tao Value, in its Q4 2021 investor letter, mentioned Roblox Corporation (NYSE:RBLX) and discussed its stance on the firm. Founded in 2004, Roblox Corporation (NYSE:RBLX) is a San Mateo, California-based gaming company with a $29.1 billion market capitalization, and is currently spearheaded by its CEO, David Baszucki. Roblox Corporation (NYSE:RBLX) delivered a -51.90% return since the beginning of the year, while its 12-month returns are down by -29.11%. The stock closed at $49.62 per share on March 18, 2022.
Here is what Tao Value has to say about Roblox Corporation (NYSE:RBLX) in its Q4 2021 investor letter:
"Roblox (RBLX) got significant more attention from both institutional & retail investors after Facebook announced to rename itself as Meta Platforms. I believe the price appreciation is largely attributed to the increased attention. On business side, Roblox rolled out a few successful music events and also partnered with Netflix on testing long-form media consumption in virtual world. Apple in its iOS 14.5 rolled out an impactful change for digital advertising landscape by requiring all apps to ask users to “opt in”.
Our calculations show that Roblox Corporation (NYSE:RBLX) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Roblox Corporation (NYSE:RBLX) was in 61 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 50 funds in the previous quarter. Roblox Corporation (NYSE:RBLX) delivered a -49.72% return in the past 3 months.
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Roblox’s Game Fund games don’t look like most Roblox titles
By: The Verge | March 22, 2022
• Roblox is giving at least $500,000 to each Game Fund game
Last July, Roblox announced the Game Fund, a program to give developers funding and support for Roblox experiences. Timed with the Game Developers Conference this week, the company is using those funded games to showcase the range of experiences possible with its tools.
There are a few parts to what Roblox is announcing on Tuesday. One is that Roblox is revealing for the first time that it’s investing $25 million as part of the Game Fund. Roblox had previously said it would be giving $500,000 minimum in each Roblox experience it selected for the Game Fund, but now we know how much will be given out in total.
Roblox has already announced three games getting support from the fund — Winds of Fortune, Rolling Thunder, and neonKnights — and it’s sharing “first looks” of two of those experiences on Tuesday. Winds of Fortune, from developer Sonar Studios, looks a little bit like Microsoft’s Sea of Thieves, featuring ship battles, mysterious islands, and even a giant sea serpent creature. Rolling Thunder, from Splitting Point Studios, is a gritty first-person shooter.
I recommend you check out both of them in a trailer below — I was struck by how they don’t have much of the blocky Roblox aesthetic you may be familiar with. Roblox tells me they’re each in pre-alpha, which means to me that parts of the game could change as development continues. If you want to try Rolling Thunder right now, it’s available for free on Roblox — though, in my five minutes of testing, I found it to be a pretty rudimentary military shooter.
Finally, Roblox is revealing three additional games that have received support from the Game Fund: Project Ruin, a competitive PvE roguelike; Riotfall, a squad-based multiplayer FPS (that is also available to try on Roblox, though it crashed every time I tried to hop into a match on my iPhone); and Secret Neighbor, a Roblox-based version of the multiplayer game that’s currently available on PC and consoles.
Jad Boniface, who heads up the Game Fund at Roblox, told The Verge in an interview that there is a larger list of games that have been greenlit, but “we’re just not ready to share details about those additional games yet.” And Roblox plans to keep applications for the fund open through July, Boniface told me, so it seems there is still opportunity for games to get picked to receive support. As for a second fund, “we hope that the results from this Game Fund will lead to a second Game Fund, but it’s still too early to say,” Boniface said.
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$RBLX Breaking out towards the gap above
By: TrendSpider | March 21, 2022
• $RBLX Breaking out towards the gap above.
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I get the feeling pps breaks double nickel. TODAY.
$RBLX 800K share #darkpool print at $49.65
By: Money Flow Mel | March 18, 2022
• $RBLX 800K share #darkpool print at $49.65.
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Stifel Nicolaus Cuts Roblox (RBLX) Price Target to $65.00
By: MarketBeat | March 16, 2022
• Roblox (NYSE:RBLX - Get Rating) had its price objective dropped by equities researchers at Stifel Nicolaus from $90.00 to $65.00 in a note issued to investors on Wednesday, The Fly reports. Stifel Nicolaus' price objective would indicate a potential upside of 71.64% from the stock's previous close...
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Roblox $RBLX Will history repeat?
By: TrendSpider | March 18, 2022
• $RBLX Will history repeat?
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