Roblox Co. (NYSE:RBLX) Given Consensus Rating of “Moderate Buy” by Brokerages

Roblox Co. (NYSE:RBLX) has been assigned a consensus rating of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $52.55.

Several equities analysts recently weighed in on RBLX shares. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a report on Friday. Wolfe Research started coverage on shares of Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Roth Mkm boosted their price objective on shares of Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Wedbush reiterated an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a report on Friday, October 25th. Finally, Citigroup boosted their price objective on shares of Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares of the company’s stock, valued at $14,543,253.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Roblox news, Director Anthony P. Lee sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the sale, the director now owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 979,341 shares of company stock valued at $43,897,012 over the last quarter. Insiders own 22.15% of the company’s stock.

Institutional Investors Weigh In On Roblox

Several large investors have recently made changes to their positions in the company. Impact Partnership Wealth LLC increased its stake in shares of Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after purchasing an additional 245 shares during the period. Swedbank AB increased its stake in shares of Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after acquiring an additional 285 shares during the period. Thrive Wealth Management LLC increased its stake in shares of Roblox by 4.3% during the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after acquiring an additional 300 shares during the period. Mystic Asset Management Inc. increased its stake in shares of Roblox by 4.0% during the first quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock valued at $326,000 after acquiring an additional 325 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in shares of Roblox by 0.3% during the third quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock valued at $6,048,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Stock Down 0.5 %

Shares of NYSE RBLX opened at $51.44 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The stock has a market capitalization of $30.79 billion, a PE ratio of -29.91 and a beta of 1.60. The firm has a fifty day moving average of $43.67 and a 200-day moving average of $39.34. Roblox has a 52-week low of $29.55 and a 52-week high of $52.65.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.01. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.45) EPS. On average, analysts anticipate that Roblox will post -1.58 EPS for the current 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.