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Roblox Inflated Data And Doesn't Protect Underage Gamers, Short Seller Alleges—Stock Falls 6%
Forbes· 2024-10-08 14:15
Topline Influential short seller Hindenburg Research revealed Tuesday it took a short position against kids-oriented video game platform Roblox, accusing the company of inflating key metrics of user engagement and of inadequately protecting children from disturbing content, causing Roblox's share price to tumble. Roblox went public in 2021, and had a roughly $25 billion market value as of Tuesday, about a third ... [+] of its peak valuation of more than $75 billion in late 2021 as its share price faded alon ...
What Makes Roblox (RBLX) a New Buy Stock
ZACKS· 2024-10-07 17:01
Roblox (RBLX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a changing e ...
Roblox (RBLX) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-10-04 22:56
The most recent trading session ended with Roblox (RBLX) standing at $41.99, reflecting a -0.45% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.9%. Elsewhere, the Dow saw an upswing of 0.81%, while the tech-heavy Nasdaq appreciated by 1.22%. Heading into today, shares of the online gaming platform had lost 3.5% over the past month, lagging the Consumer Discretionary sector's gain of 4.88% and the S&P 500's gain of 3.15% in that time. The invest ...
Roblox: A Potential Free Cash Flow Powerhouse
Seeking Alpha· 2024-09-30 20:12
Last March, I initiated my coverage of Roblox Corporation (NYSE: RBLX ) with a strong buy rating thanks to its bookings' hyper growth rates and the possible revenue stream from advertising. Since then, the stock is up nearly 10%, despite a steep As a former managing editor at a financial media publication focused on mid and small caps, I am using my experience to present investment opportunities in undervalued companies. My experience, combined with my academic background in financial markets and institutio ...
Roblox (RBLX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2024-09-27 22:56
In the latest trading session, Roblox (RBLX) closed at $44.18, marking a -1.54% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.13%. Elsewhere, the Dow saw an upswing of 0.33%, while the tech-heavy Nasdaq depreciated by 0.39%. The online gaming platform's stock has climbed by 2.98% in the past month, falling short of the Consumer Discretionary sector's gain of 4.45% and outpacing the S&P 500's gain of 2.43%. Market participants will be closely following the finan ...
Should You Buy Roblox Stock Right Now?
The Motley Fool· 2024-09-26 09:15
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Roblox. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Roblox (RBLX) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-09-20 22:56
Roblox (RBLX) closed the latest trading day at $46.03, indicating a -0.58% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.19%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq lost 0.36%. The the stock of online gaming platform has risen by 6.78% in the past month, leading the Consumer Discretionary sector's gain of 2.68% and the S&P 500's gain of 2.06%. The upcoming earnings release of Roblox will be of great interest to investors. The ...
Roblox's Growth Beyond Kids: Stock Set for Major Moves
MarketBeat· 2024-09-16 16:13
Roblox Inc. NYSE: RBLX is a unique online platform with three main functions: a game-creation platform, a game-playing platform, and a social networking platform. Users can create games and monetize them with its user-friendly tools and resources using the Roblox Studio. RBLX ▼ Roblox Today Roblox $47.03 +1.16 (+2.53%) 52-Week Range $24.88 $47.20 Price Target $44.40 Add to Watchlist Users can also play the games created by other users and developers on the platform. Users can socialize and interact with eac ...
Can Roblox Really Grow to 1 Billion Active Daily Users?
MarketBeat· 2024-09-12 11:45
Roblox NYSE: RBLX has become one of the world's most popular video games over the past several years. Based on average monthly users among PC games, the game ranked second in July this year, only behind Minecraft. Since 2018, the company has managed to nearly 10x its revenues. Roblox Today RBLX Roblox $44.98 +0.08 (+0.18%) 52-Week Range $24.88 ▼ $47.20 Price Target $44.40 Add to Watchlist However, the company's management is not content with the growth they have seen so far. It has a new goal, which it unve ...
Roblox will let developers sell games for real dollars as it expands beyond virtual currency
CNBC· 2024-09-06 17:30
The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021. Roblox, the popular kid's gaming platform that generates billions of dollars a year in the virtual world, is getting real. The company said on Friday that some game developers on the platform will be able to charge users real money rather than relying on payments through Roblox's digital currency called Robux. The change applies only to socalled Paid Access games, or those that cost mon ...