JPMorgan Chase & Co. Lowers Roblox (NYSE:RBLX) Price Target to $145.00

Roblox (NYSE:RBLX) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $160.00 to $145.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 27.92% from the stock’s previous close.

RBLX has been the subject of a number of other research reports. Raymond James Financial reissued an “outperform” rating and issued a $165.00 target price (up previously from $155.00) on shares of Roblox in a report on Tuesday, October 14th. Needham & Company LLC reissued a “buy” rating and issued a $159.00 target price on shares of Roblox in a report on Friday. Piper Sandler set a $130.00 target price on Roblox in a report on Friday. BMO Capital Markets raised their target price on Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Finally, Canaccord Genuity Group set a $160.00 price target on Roblox in a report on Thursday. Twenty-one analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus price target of $130.68.

Roblox Price Performance

Shares of NYSE RBLX opened at $113.35 on Friday. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a fifty day moving average price of $130.41 and a 200 day moving average price of $109.35. Roblox has a 1-year low of $47.95 and a 1-year high of $150.59. The company has a market cap of $73.12 billion, a PE ratio of -79.27 and a beta of 1.63.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.07. Roblox had a negative return on equity of 344.75% and a negative net margin of 21.70%.The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned ($0.37) earnings per share. The company’s revenue for the quarter was up 70.3% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Roblox will post -1.49 EPS for the current year.

Insider Activity

In related news, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the sale, the insider owned 242,469 shares in the company, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 875 shares of Roblox stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total value of $110,880.00. Following the sale, the chief executive officer owned 211,559 shares of the company’s stock, valued at approximately $26,808,756.48. This represents a 0.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 255,764 shares of company stock worth $32,929,145 in the last quarter. Corporate insiders own 12.92% of the company’s stock.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Roblox during the 3rd quarter worth $37,000. Total Investment Management Inc. acquired a new stake in shares of Roblox during the second quarter worth $29,000. Root Financial Partners LLC acquired a new stake in shares of Roblox during the third quarter worth $38,000. Salomon & Ludwin LLC acquired a new stake in shares of Roblox during the third quarter worth $41,000. Finally, Whipplewood Advisors LLC purchased a new stake in Roblox in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 94.46% 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.