Roblox Corporation (NYSE:RBLX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Roblox Corporation (NYSE:RBLX) have received an average rating of “Moderate Buy” from the twenty-seven research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $119.44.

A number of equities research analysts have recently issued reports on RBLX shares. Wells Fargo & Company set a $97.00 price objective on shares of Roblox in a research note on Monday, February 9th. TD Cowen restated a “sell” rating on shares of Roblox in a research report on Tuesday, January 27th. Macquarie Infrastructure raised their price objective on Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Benchmark reiterated a “hold” rating on shares of Roblox in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Roblox in a report on Monday, December 29th.

Roblox Price Performance

RBLX opened at $64.62 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $42.75 billion, a P/E ratio of -41.69 and a beta of 1.63. The stock has a 50-day moving average price of $75.93 and a 200-day moving average price of $104.36. Roblox has a 12-month low of $50.10 and a 12-month high of $150.59.

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

Insider Activity

In other Roblox news, CEO David Baszucki sold 272,269 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total value of $19,783,065.54. Following the sale, the chief executive officer owned 811,373 shares of the company’s stock, valued at $58,954,362.18. This trade represents a 25.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony P. Lee sold 7,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total transaction of $577,150.00. Following the completion of the transaction, the director owned 256,768 shares in the company, valued at $21,170,521.60. The trade was a 2.65% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 758,310 shares of company stock valued at $57,121,581. Corporate insiders own 12.92% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RBLX. National Pension Service grew its holdings in shares of Roblox by 7.3% in the third quarter. National Pension Service now owns 1,697,820 shares of the company’s stock valued at $235,182,000 after purchasing an additional 115,096 shares in the last quarter. Vanguard Group Inc. raised its stake in Roblox by 2.6% during the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after purchasing an additional 1,513,608 shares in the last quarter. SG Americas Securities LLC lifted its position in Roblox by 298.4% during the third quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock valued at $45,617,000 after purchasing an additional 246,652 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Roblox in the 2nd quarter worth $120,041,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Roblox in the 3rd quarter worth $2,895,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

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.