Roblox’s (RBLX) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Roblox (NYSE:RBLX) in a report released on Tuesday, Benzinga reports. Benchmark currently has a $50.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group upgraded Roblox from a sell rating to a neutral rating and lifted their target price for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. Stifel Nicolaus reiterated a buy rating and issued a $53.00 target price on shares of Roblox in a report on Monday. Barclays upgraded Roblox from an underweight rating to an equal weight rating and lifted their target price for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. Needham & Company LLC lifted their target price on Roblox from $51.00 to $55.00 and gave the stock a buy rating in a report on Thursday, February 8th. Finally, Roth Mkm lifted their target price on Roblox from $50.00 to $55.00 and gave the stock a buy rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $47.60.

Roblox Price Performance

Shares of RBLX opened at $36.30 on Tuesday. Roblox has a 1 year low of $24.88 and a 1 year high of $47.20. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $21.46 billion, a price-to-earnings ratio of -19.41 and a beta of 1.64. The business has a 50-day moving average of $39.03 and a 200-day moving average of $39.01.

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

Insider Activity at Roblox

In related news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $36.06, for a total transaction of $1,081,800.00. Following the transaction, the chief financial officer now owns 396,709 shares of the company’s stock, valued at $14,305,326.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the transaction, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at $3,906,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $36.06, for a total value of $1,081,800.00. Following the completion of the transaction, the chief financial officer now directly owns 396,709 shares in the company, valued at approximately $14,305,326.54. The disclosure for this sale can be found here. Insiders have sold a total of 699,374 shares of company stock valued at $29,183,298 over the last 90 days. Insiders own 22.15% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in Roblox in the fourth quarter worth $25,000. Blue Trust Inc. lifted its position in shares of Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after buying an additional 912 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Roblox during the 1st quarter valued at $52,000. Allworth Financial LP lifted its position in shares of Roblox by 90.2% during the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after buying an additional 587 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new position in shares of Roblox during the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Roblox Company Profile

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.