Wells Fargo & Company Lowers Roblox (NYSE:RBLX) Price Target to $141.00

Roblox (NYSE:RBLX) had its price target reduced by investment analysts at Wells Fargo & Company from $155.00 to $141.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 24.39% from the company’s previous close.

A number of other research analysts have also issued reports on RBLX. Raymond James Financial reiterated an “outperform” rating and issued a $165.00 price objective (up previously from $155.00) on shares of Roblox in a report on Tuesday, October 14th. UBS Group set a $120.00 price objective on shares of Roblox in a report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $159.00 price objective on shares of Roblox in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Roblox from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Friday. Finally, Benchmark reissued a “hold” rating on shares of Roblox in a research report on Friday. Twenty-one analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.68.

Roblox Stock Up 0.3%

Shares of NYSE 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 company has a market cap of $73.12 billion, a price-to-earnings ratio of -79.27 and a beta of 1.63. Roblox has a 12 month low of $47.95 and a 12 month high of $150.59. The stock has a 50-day moving average price of $130.41 and a two-hundred day moving average price of $109.35.

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

Insider Activity

In other Roblox news, Director Andrea L. Wong sold 5,770 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $130.40, for a total transaction of $752,408.00. Following the transaction, the director directly owned 41,891 shares in the company, valued at approximately $5,462,586.40. This represents a 12.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $129.37, for a total value of $8,538,420.00. Following the transaction, the director owned 279,868 shares in the company, valued at $36,206,523.16. The trade was a 19.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 255,764 shares of company stock worth $32,929,145. Company insiders own 12.92% of the company’s stock.

Hedge Funds Weigh In On Roblox

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kornitzer Capital Management Inc. KS bought a new position in shares of Roblox during the 3rd quarter worth approximately $7,376,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Roblox during the 3rd quarter worth approximately $365,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Roblox by 8.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 50,960 shares of the company’s stock worth $7,059,000 after buying an additional 4,156 shares in the last quarter. Cabot Wealth Management Inc. bought a new position in shares of Roblox during the 3rd quarter worth approximately $2,503,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Roblox by 9,125.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 738 shares of the company’s stock worth $102,000 after buying an additional 730 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

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.