Recent Analysts’ Ratings Changes for Roblox (RBLX)

Several brokerages have updated their recommendations and price targets on shares of Roblox (NYSE: RBLX) in the last few weeks:

• 11/9/2023 – Roblox had its price target raised by analysts at Raymond James from $41.00 to $47.00. They now have a “strong-buy” rating on the stock.
• 11/9/2023 – Roblox had its price target raised by analysts at Piper Sandler from $45.00 to $50.00. They now have an “overweight” rating on the stock.
• 11/9/2023 – Roblox had its price target raised by analysts at Wedbush from $37.00 to $49.00. They now have an “outperform” rating on the stock.
• 11/9/2023 – Roblox had its price target raised by analysts at Benchmark Co. from $35.00 to $46.00. They now have a “buy” rating on the stock.
• 11/9/2023 – Roblox had its price target raised by analysts at Needham & Company LLC from $40.00 to $51.00. They now have a “buy” rating on the stock.
• 10/27/2023 – Roblox is now covered by analysts at Raymond James. They set a “strong-buy” rating and a $41.00 price target on the stock.
• 10/27/2023 – Roblox was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the stock, up previously from $35.00.
• 10/13/2023 – Roblox had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $48.00 price target on the stock.
• 10/5/2023 – Roblox had its price target lowered by analysts at Jefferies Financial Group Inc. from $38.00 to $34.00. They now have a “buy” rating on the stock.
• 10/2/2023 – Roblox had its price target lowered by analysts at BTIG Research from $54.00 to $52.00. They now have a “buy” rating on the stock.

Roblox Stock Performance

NYSE:RBLX opened at $39.76 on Thursday. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.65. The firm has a 50-day moving average of $30.94 and a two-hundred day moving average of $35.05. The company has a debt-to-equity ratio of 8.38, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $22.81 billion, a P/E ratio of -21.73 and a beta of 1.56.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.07. The business had revenue of $839.45 million during the quarter, compared to analyst estimates of $824.71 million. Roblox had a negative net margin of 42.54% and a negative return on equity of 536.12%. The business’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.50) earnings per share. On average, research analysts expect that Roblox Co. will post -1.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 11,545 shares of Roblox stock in a transaction on Monday, August 21st. The shares were sold at an average price of $27.14, for a total value of $313,331.30. Following the completion of the transaction, the insider now owns 320,763 shares of the company’s stock, valued at $8,705,507.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Gregory Baszucki sold 8,333 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $31.05, for a total value of $258,739.65. Following the completion of the sale, the director now owns 9,838,602 shares of the company’s stock, valued at $305,488,592.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Reinstra sold 11,545 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $27.14, for a total transaction of $313,331.30. Following the completion of the sale, the insider now directly owns 320,763 shares of the company’s stock, valued at approximately $8,705,507.82. The disclosure for this sale can be found here. Insiders sold a total of 67,200 shares of company stock valued at $1,861,227 over the last 90 days. 27.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of RBLX. Resurgent Financial Advisors LLC bought a new stake in Roblox in the fourth quarter worth about $25,000. 1832 Asset Management L.P. bought a new stake in shares of Roblox in the 1st quarter valued at approximately $32,000. Penserra Capital Management LLC bought a new stake in shares of Roblox in the 4th quarter valued at approximately $43,000. High Net Worth Advisory Group LLC grew its stake in shares of Roblox by 900.0% in the 1st quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock valued at $46,000 after buying an additional 900 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its position in Roblox by 62.3% during the first quarter. Manchester Capital Management LLC now owns 1,298 shares of the company’s stock worth $58,000 after purchasing an additional 498 shares during the period. 69.92% of the stock is currently owned by institutional investors.

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.