Roblox Corporation (NYSE:RBLX) Given Average Recommendation of “Moderate Buy” by Brokerages

Roblox Corporation (NYSE:RBLX) has earned an average recommendation of “Moderate Buy” from the twenty-eight ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $135.2308.

Several brokerages have commented on RBLX. The Goldman Sachs Group upgraded shares of Roblox from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $155.00 to $180.00 in a research note on Friday, October 31st. UBS Group set a $155.00 price target on Roblox in a report on Tuesday, January 13th. TD Cowen reaffirmed a “sell” rating on shares of Roblox in a research note on Tuesday, January 6th. BTIG Research lowered their target price on Roblox from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $150.00 price target on shares of Roblox in a research report on Friday, October 31st.

Insider Transactions at Roblox

In related news, insider Matthew D. Kaufman sold 20,867 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $96.10, for a total value of $2,005,318.70. Following the sale, the insider directly owned 239,775 shares of the company’s stock, valued at $23,042,377.50. This represents a 8.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Naveen K. Chopra sold 19,424 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $95.23, for a total transaction of $1,849,747.52. Following the completion of the sale, the chief financial officer directly owned 337,036 shares of the company’s stock, valued at approximately $32,095,938.28. The trade was a 5.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 504,300 shares of company stock worth $46,290,436. 12.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roblox

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. WPG Advisers LLC raised its stake in Roblox by 17.8% in the third quarter. WPG Advisers LLC now owns 555 shares of the company’s stock worth $77,000 after buying an additional 84 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Roblox by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after acquiring an additional 102 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after purchasing an additional 105 shares during the last quarter. Lido Advisors LLC grew its stake in Roblox by 1.3% in the second quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after purchasing an additional 106 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Roblox by 2.8% in the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock valued at $560,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Down 0.7%

Roblox stock opened at $74.18 on Monday. Roblox has a one year low of $50.10 and a one year high of $150.59. The stock has a fifty day moving average of $86.35 and a 200 day moving average of $111.09. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $48.58 billion, a PE ratio of -51.87 and a beta of 1.64.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating 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 314.20%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business posted ($0.37) earnings per share. The firm’s quarterly revenue was up 70.3% compared to the same quarter last year. As a group, sell-side analysts predict that Roblox will post -1.49 EPS for the current year.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.