Roblox (NYSE:RBLX) Stock Rating Lowered by Morgan Stanley

Roblox (NYSE:RBLXGet Rating) was downgraded by Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Thursday, MarketBeat Ratings reports. They presently have a $24.00 target price on the stock, down from their previous target price of $27.50. Morgan Stanley’s price target indicates a potential downside of 32.17% from the stock’s current price.

RBLX has been the subject of several other research reports. Wedbush boosted their price target on shares of Roblox from $30.00 to $32.00 in a research note on Tuesday. Piper Sandler dropped their price target on shares of Roblox from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, November 9th. MKM Partners dropped their price target on shares of Roblox from $40.00 to $35.00 in a research note on Friday, November 11th. Truist Financial dropped their price target on shares of Roblox to $37.00 in a research note on Monday, November 28th. Finally, DA Davidson dropped their price target on shares of Roblox from $55.00 to $50.00 in a research note on Thursday, November 10th. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Hold” and an average target price of $34.78.

Roblox Stock Up 5.9 %

Roblox stock opened at $35.38 on Thursday. Roblox has a fifty-two week low of $21.65 and a fifty-two week high of $74.92. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a 50 day moving average price of $31.04 and a 200 day moving average price of $37.51. The company has a market capitalization of $19.44 billion, a PE ratio of -25.31 and a beta of 1.53.

Roblox (NYSE:RBLXGet Rating) last posted its earnings results on Wednesday, November 9th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.14). Roblox had a negative net margin of 35.12% and a negative return on equity of 145.60%. The company had revenue of $701.72 million during the quarter, compared to analyst estimates of $694.88 million. Research analysts expect that Roblox will post -1.58 earnings per share for the current year.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 2,976 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $30.14, for a total value of $89,696.64. Following the completion of the sale, the chief accounting officer now directly owns 93,923 shares of the company’s stock, valued at $2,830,839.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Craig Donato sold 7,674 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $30.14, for a total value of $231,294.36. Following the completion of the sale, the insider now directly owns 1,161,267 shares of the company’s stock, valued at $35,000,587.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amy Marie Rawlings sold 2,976 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $30.14, for a total transaction of $89,696.64. Following the completion of the sale, the chief accounting officer now directly owns 93,923 shares of the company’s stock, valued at $2,830,839.22. The disclosure for this sale can be found here. Insiders sold a total of 590,999 shares of company stock valued at $18,791,858 over the last ninety days. Insiders own 28.22% of the company’s stock.

Institutional Investors Weigh In On Roblox

Institutional investors and hedge funds have recently made changes to their positions in the business. FinTrust Capital Advisors LLC raised its holdings in Roblox by 412.0% during the second quarter. FinTrust Capital Advisors LLC now owns 640 shares of the company’s stock worth $25,000 after purchasing an additional 515 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in Roblox during the first quarter worth about $32,000. JTC Employer Solutions Trustee Ltd purchased a new position in Roblox during the fourth quarter worth about $28,000. High Net Worth Advisory Group LLC raised its holdings in Roblox by 900.0% during the first quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock worth $46,000 after purchasing an additional 900 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in Roblox during the second quarter worth about $35,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Roblox Company Profile

(Get Rating)

Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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