Roblox Co. (NYSE:RBLX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Roblox Co. (NYSE:RBLX) has earned a consensus rating of “Moderate Buy” from the twenty-one research firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $46.25.

A number of research analysts have issued reports on RBLX shares. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Benchmark reissued a “buy” rating and issued a $46.00 price objective on shares of Roblox in a research note on Tuesday, January 23rd. Roth Mkm boosted their price objective on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Needham & Company LLC boosted their price target on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, BMO Capital Markets raised their price objective on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, February 8th.

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $38.58, for a total value of $154,320.00. Following the transaction, the insider now owns 258,310 shares in the company, valued at $9,965,599.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Roblox news, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the completion of the sale, the chief executive officer now owns 1 shares in the company, valued at approximately $44.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Reinstra sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $38.58, for a total transaction of $154,320.00. Following the completion of the transaction, the insider now directly owns 258,310 shares in the company, valued at $9,965,599.80. The disclosure for this sale can be found here. Insiders sold 707,707 shares of company stock valued at $29,533,927 in the last three months. Corporate insiders own 27.67% of the company’s stock.

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently made changes to their positions in RBLX. AlphaQ Advisors LLC lifted its holdings in shares of Roblox by 1.0% in the first quarter. AlphaQ Advisors LLC now owns 27,304 shares of the company’s stock valued at $1,228,000 after purchasing an additional 279 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in shares of Roblox by 7.4% in the 1st quarter. Wetherby Asset Management Inc. now owns 4,366 shares of the company’s stock worth $202,000 after acquiring an additional 300 shares in the last quarter. Gladstone Institutional Advisory LLC raised its holdings in shares of Roblox by 3.3% in the first quarter. Gladstone Institutional Advisory LLC now owns 9,408 shares of the company’s stock valued at $423,000 after purchasing an additional 301 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Roblox by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after purchasing an additional 320 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its holdings in Roblox by 3.0% during the first quarter. EP Wealth Advisors LLC now owns 11,902 shares of the company’s stock worth $550,000 after purchasing an additional 342 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

Roblox Price Performance

Shares of NYSE:RBLX opened at $36.68 on Tuesday. The firm has a 50 day moving average of $39.94 and a 200-day moving average of $38.74. Roblox has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The stock has a market capitalization of $21.68 billion, a PE ratio of -19.61 and a beta of 1.64.

Roblox (NYSE:RBLX) last issued its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted ($0.48) EPS. The company’s revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts predict that Roblox will post -2.1 EPS for the current fiscal year.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It 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 experience; and Roblox Cloud, which provides services and infrastructure that power the platform.