Roblox Corporation (NYSE:RBLX) Given Average Rating of “Moderate Buy” by Analysts

Roblox Corporation (NYSE:RBLX) has been assigned an average recommendation of “Moderate Buy” from the twenty-eight ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $117.3462.

A number of equities analysts have recently commented on RBLX shares. Piper Sandler reissued an “overweight” rating and issued a $100.00 price target (down from $125.00) on shares of Roblox in a research report on Friday, February 6th. Roth Mkm raised shares of Roblox from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $84.00 in a report on Monday, February 9th. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Roblox in a research note on Friday, February 6th. Benchmark reiterated a “hold” rating on shares of Roblox in a report on Monday, February 2nd. Finally, Wolfe Research set a $100.00 target price on shares of Roblox in a research report on Monday, January 5th.

Insiders Place Their Bets

In related news, Director Anthony P. Lee sold 59,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $79.96, for a total transaction of $4,717,640.00. Following the completion of the sale, the director owned 257,258 shares in the company, valued at $20,570,349.68. This represents a 18.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Reinstra sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $63.94, for a total value of $3,836,400.00. Following the completion of the sale, the insider directly owned 394,322 shares in the company, valued at $25,212,948.68. This trade represents a 13.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 703,144 shares of company stock valued at $51,681,640 in the last ninety days. Company insiders own 12.92% of the company’s stock.

Institutional Investors Weigh In On Roblox

Hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Roblox during the fourth quarter worth $435,424,000. Vanguard Group Inc. boosted its holdings in Roblox by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after purchasing an additional 3,284,073 shares during the period. SRS Investment Management LLC bought a new stake in Roblox in the 4th quarter valued at $238,065,000. Capital International Investors grew its position in Roblox by 7.3% in the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after purchasing an additional 2,184,439 shares during the last quarter. Finally, ValueAct Holdings L.P. grew its position in Roblox by 39.5% in the 4th quarter. ValueAct Holdings L.P. now owns 5,975,821 shares of the company’s stock worth $484,221,000 after purchasing an additional 1,692,600 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Roblox Stock Performance

RBLX opened at $59.12 on Tuesday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $39.12 billion, a PE ratio of -38.14 and a beta of 1.62. The stock has a 50-day moving average of $69.41 and a 200-day moving average of $96.78. Roblox has a 52-week low of $50.10 and a 52-week high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The firm’s revenue was up 122.6% compared to the same quarter last year. During the same period last year, the business earned ($0.33) EPS. As a group, equities research analysts forecast that Roblox will post -1.49 earnings per share for the current fiscal year.

Roblox Company Profile

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.