Roblox Co. (NYSE:RBLX) Receives $52.55 Average Target Price from Analysts

Roblox Co. (NYSE:RBLX) has been given a consensus rating of “Moderate Buy” by the twenty-two analysts that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $54.80.

A number of brokerages have recently issued reports on RBLX. Barclays upped their target price on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday. Macquarie boosted their price objective on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday. Wedbush reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Citigroup boosted their price objective on shares of Roblox from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th.

Insider Activity

In other news, insider Mark Reinstra sold 12,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the transaction, the insider now directly owns 342,656 shares in the company, valued at $13,706,240. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Mark Reinstra sold 12,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the transaction, the insider now directly owns 342,656 shares in the company, valued at $13,706,240. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the transaction, the chief accounting officer now owns 99,617 shares of the company’s stock, valued at $4,019,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 989,341 shares of company stock worth $44,391,412 over the last three months. Corporate insiders own 22.15% of the company’s stock.

Institutional Trading of Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versor Investments LP acquired a new stake in Roblox during the third quarter valued at approximately $257,000. River Global Investors LLP lifted its stake in Roblox by 4.4% during the third quarter. River Global Investors LLP now owns 35,370 shares of the company’s stock valued at $1,565,000 after purchasing an additional 1,496 shares during the last quarter. Sigma Planning Corp lifted its stake in Roblox by 6.6% during the third quarter. Sigma Planning Corp now owns 6,822 shares of the company’s stock valued at $302,000 after purchasing an additional 420 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its stake in Roblox by 23.2% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 447,067 shares of the company’s stock valued at $19,783,000 after purchasing an additional 84,198 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Roblox during the third quarter valued at approximately $100,000. 91.08% of the stock is owned by institutional investors and hedge funds.

Roblox Stock Performance

Shares of Roblox stock opened at $50.00 on Friday. The firm has a market cap of $29.93 billion, a PE ratio of -30.49 and a beta of 1.56. The firm’s 50-day simple moving average is $43.79 and its 200-day simple moving average is $39.48. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. Roblox has a 1 year low of $29.55 and a 1 year high of $53.07.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 1,283.93%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.45) EPS. Equities analysts forecast that Roblox will post -1.58 earnings per share for the current fiscal year.

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.