Roblox Corporation RBLX shares are trading higher on Wednesday. Piper Sandler analyst Thomas Champion raised the price target to $54.00 from $48.00 while maintaining the Overweight rating. The analyst surveyed ~13K teens across the U.S. during this fall and noted that teen active usage of Roblox rose to 46%, up from 34% and 31% in the previous two surveys, with improvements seen across all frequency levels. Champion also writes that 17% of teens have never played Roblox, compared to 22% in the previous surv ...

Every once in a while, a few stocks come under attack from short-selling firms or, essentially, by anyone that doesn't align with that stock's business or interests. It is tricky for retail investors to figure out whether short reports and attacks have any traction since they can often sound convincing enough to get people to sell – or even short – said stock. Roblox Today RBLX Roblox $41.35 +0.84 (+2.07%) 52-Week Range $29.55 ▼ $48.43 Price Target $44.81 Add to Watchlist Today, investors might be faced wit ...

NEWTOWN, Pa., Oct. 8, 2024 /PRNewswire/ -- Edelson Lechtzin LLP, a leading class action law firm, is investigating potential securities fraud and breach of fiduciary duty claims on behalf of investors in Roblox Corporation (NASDAQ: RBLX) common stock. Roblox investors with substantial losses and witnesses with non-public information about the company are urged to contact Edelson Lechtzin LLP at 844-696-7492, by e-mail at [email protected], or online HERE. THE ALLEGED WRONGDOING: Roblox, based in San Mateo, ...

Key Takeaways Roblox is accused by short seller Hindenburg Research of lying about its user data. The news sent its shares lower on Tuesday. The researchers claim Roblox inflates the number of users and the time they are playing games on the site. Hindenburg also claimed Roblox exposes children to dangerous material. Roblox (RBLX) shares slumped Tuesday after short seller Hindenburg Research accused the online gaming platform of overstating its user numbers. Hindenburg in report said that Roblox "is lying t ...

Shares of Roblox (RBLX, Financial) experienced a significant decline, dropping by 4.13%. This downturn comes in the wake of a report by Hindenburg Research which raises concerns about the company's reported metrics. The report suggests that Roblox may have inflated user numbers, potentially counting multiple accounts or bots among its daily active users (DAU). Roblox Corp (RBLX, Financial), listed on the NYSE and trading at $39.68, currently faces scrutiny amidst these allegations. The company's market capi ...

Hindenburg Research disclosed a short position in Roblox on Tuesday, alleging that the gaming platform popular among young children inflated metrics including user numbers and engagement. Roblox shares fell as much as 9% after the short seller said the company conflated daily active users (DAUs) with the number of people visiting its platform. The stock was recently down 3% at $40.06. This was based on its definition that the metric is not a measure of "unique individuals accessing Roblox," Hindenburg said, ...

BOSTON, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Roblox Corp (NYSE: RBLX) for potential securities law violations. Investors who have lost money in their Roblox Corp investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/rblx. What is this all about? Shares of Roblox fell on October 8, 2024, following a report by Hindenburg Research. The report alleges the company has inflated its user metri ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

On October 8, noted activist short-selling group Hindenburg Research released a report alleging that Roblox (NYSE: RBLX) has been reporting inflated metrics. Hindenburg Research is notorious and feared on Wall Street for its takedown reports — in the case of The Nikola Corporation (NASDAQ: NKLA), the report eventually led to the ousting, arrest, and conviction of former CEO Trevor Milton for fraud. At press time, the stock is trading at $40.11 — down 7.30% over the past five days. Roblox Corp RBLX stock pri ...

In early trading, Roblox (RBLX, Financial) saw its stock price dip over 9.3%, reaching a low of $37.51, before narrowing its losses to around 5%. The volatility comes as Hindenburg Research, a well-known short-selling firm, announced its short position on the company. The firm accuses Roblox of misstating the number of users on its platform to both investors and regulators. ...