Roblox’s (RBLX) “Strong-Buy” Rating Reaffirmed at Raymond James

Raymond James reaffirmed their strong-buy rating on shares of Roblox (NYSE:RBLX) in a research note issued to investors on Friday,Benzinga reports. Raymond James currently has a $60.00 target price on the stock.

Other research analysts also recently issued reports about the company. Wedbush reiterated an “outperform” rating and set a $49.00 target price on shares of Roblox in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. BTIG Research increased their price target on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Macquarie upped their price objective on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Roblox Stock Down 0.4 %

NYSE RBLX opened at $49.16 on Friday. Roblox has a 12 month low of $29.55 and a 12 month high of $55.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock has a market cap of $29.87 billion, a PE ratio of -29.98 and a beta of 1.56. The stock’s 50 day moving average is $46.06 and its 200 day moving average is $41.09.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.45) earnings per share. Research analysts predict that Roblox will post -1.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $41.50, for a total value of $1,245,000.00. Following the completion of the sale, the chief financial officer now directly owns 352,844 shares in the company, valued at approximately $14,643,026. This represents a 7.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 2,186 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now directly owns 91,062 shares in the company, valued at $4,817,179.80. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,010,503 shares of company stock worth $48,145,999 in the last three months. Corporate insiders own 22.15% of the company’s stock.

Institutional Investors Weigh In On Roblox

Several large investors have recently modified their holdings of RBLX. DekaBank Deutsche Girozentrale increased its holdings in Roblox by 2.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after buying an additional 1,419 shares during the period. Entropy Technologies LP boosted its position in Roblox by 168.4% during the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after acquiring an additional 62,521 shares in the last quarter. Dragoneer Investment Group LLC increased its holdings in shares of Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after acquiring an additional 2,488,044 shares during the period. Itau Unibanco Holding S.A. raised its position in shares of Roblox by 62.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock worth $1,395,000 after acquiring an additional 14,348 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Roblox by 319.6% during the 1st quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock worth $1,075,000 after purchasing an additional 21,533 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

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.