Roblox (NYSE:RBLX) Stock Rating Upgraded by Wall Street Zen

Roblox (NYSE:RBLX) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts have also issued reports on the stock. TD Cowen reiterated a “sell” rating on shares of Roblox in a research note on Tuesday, January 27th. JPMorgan Chase & Co. reduced their price objective on shares of Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Citigroup decreased their price objective on Roblox from $119.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Barclays dropped their target price on Roblox from $130.00 to $115.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Finally, Wells Fargo & Company set a $97.00 price target on Roblox in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average target price of $118.88.

Roblox Trading Down 2.9%

NYSE RBLX opened at $52.31 on Friday. Roblox has a 52 week low of $50.10 and a 52 week high of $150.59. 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 stock’s 50 day moving average price is $65.21 and its two-hundred day moving average price is $92.71. The stock has a market capitalization of $34.61 billion, a price-to-earnings ratio of -33.75 and a beta of 1.62.

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

Insider Activity at Roblox

In related news, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the completion of the transaction, the insider owned 307,263 shares in the company, valued at approximately $22,322,656.95. This trade represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 59,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $79.96, for a total value of $4,717,640.00. Following the transaction, the director directly owned 257,258 shares in the company, valued at approximately $20,570,349.68. This trade represents a 18.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 636,248 shares of company stock worth $46,013,542 over the last ninety days. Company insiders own 12.92% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Reyes Financial Architecture Inc. lifted its holdings in Roblox by 164.4% during the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after purchasing an additional 194 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Roblox in the third quarter valued at $26,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Roblox in the fourth quarter valued at $27,000. Total Investment Management Inc. bought a new position in shares of Roblox in the second quarter valued at about $29,000. Finally, GW&K Investment Management LLC raised its position in shares of Roblox by 76.3% in the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock valued at $30,000 after purchasing an additional 161 shares during the period. 94.46% of the stock is currently owned by institutional investors.

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.