Roblox (NYSE:RBLX) Stock Price Expected to Rise, Barclays Analyst Says

Roblox (NYSE:RBLX) had its price target hoisted by investment analysts at Barclays from $120.00 to $130.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 14.69% from the stock’s current price.

Other research analysts have also issued reports about the stock. Jefferies Financial Group upped their target price on shares of Roblox from $126.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, October 14th. Canaccord Genuity Group set a $160.00 price target on shares of Roblox in a research report on Thursday. Benchmark reiterated a “hold” rating on shares of Roblox in a research report on Friday. UBS Group set a $120.00 price target on shares of Roblox in a research report on Friday. Finally, BMO Capital Markets increased their price target on shares of Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Twenty-one investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.68.

Roblox Trading Up 0.3%

Shares of RBLX opened at $113.35 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The firm’s 50-day moving average is $130.41 and its two-hundred day moving average is $109.35. Roblox has a twelve month low of $47.95 and a twelve month high of $150.59. The firm has a market capitalization of $73.12 billion, a P/E ratio of -79.27 and a beta of 1.63.

Roblox (NYSE:RBLX) last issued its 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 net margin of 21.70% and a negative return on equity of 344.75%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business posted ($0.37) earnings per share. The firm’s revenue for the quarter was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts predict that Roblox will post -1.49 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Matthew D. Kaufman sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total transaction of $810,120.00. Following the sale, the insider owned 272,642 shares in the company, valued at approximately $36,812,122.84. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 875 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total transaction of $110,880.00. Following the sale, the chief executive officer owned 211,559 shares in the company, valued at approximately $26,808,756.48. This trade represents a 0.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 255,764 shares of company stock valued at $32,929,145 in the last 90 days. Insiders own 12.92% of the company’s stock.

Institutional Trading of Roblox

A number of hedge funds have recently bought and sold shares of the company. WPG Advisers LLC boosted its position in Roblox by 17.8% during the third quarter. WPG Advisers LLC now owns 555 shares of the company’s stock worth $77,000 after acquiring an additional 84 shares during the last quarter. Baird Financial Group Inc. raised its stake in Roblox by 1.4% during the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after purchasing an additional 102 shares during the period. Lido Advisors LLC raised its stake in Roblox by 1.3% during the second quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock worth $897,000 after purchasing an additional 106 shares during the period. QTR Family Wealth LLC raised its stake in Roblox by 2.6% during the third quarter. QTR Family Wealth LLC now owns 4,446 shares of the company’s stock worth $616,000 after purchasing an additional 111 shares during the period. Finally, Perpetual Ltd raised its stake in Roblox by 0.6% during the third quarter. Perpetual Ltd now owns 19,043 shares of the company’s stock worth $2,638,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.