Roblox Co. (NYSE:RBLX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Roblox Co. (NYSE:RBLX) have been assigned an average rating of “Moderate Buy” from the twenty-four brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $56.62.

A number of brokerages recently issued reports on RBLX. Macquarie raised their price target on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Raymond James restated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. Benchmark lifted their price target on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wedbush reissued an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Finally, Needham & Company LLC boosted their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

Roblox Stock Up 2.3 %

Shares of NYSE:RBLX opened at $63.69 on Thursday. The company has a market cap of $38.69 billion, a price-to-earnings ratio of -38.84 and a beta of 1.43. Roblox has a 12 month low of $29.55 and a 12 month high of $64.43. 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 company has a 50-day moving average price of $56.39 and a 200 day moving average price of $47.12.

Roblox (NYSE:RBLX) last issued its quarterly earnings data 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 the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.45) earnings per share. As a group, equities research analysts predict that Roblox will post -1.56 earnings per share for the current year.

Insider Activity at Roblox

In other Roblox news, 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 transaction of $115,639.40. Following the sale, the chief accounting officer now owns 91,062 shares of the company’s stock, valued at approximately $4,817,179.80. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 333,334 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the transaction, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at approximately $7,409,896.45. The trade was a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,254,601 shares of company stock worth $65,622,735 over the last three months. 22.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roblox

A number of institutional investors have recently added to or reduced their stakes in RBLX. V Square Quantitative Management LLC purchased a new stake in shares of Roblox during the third quarter valued at about $27,000. Frazier Financial Advisors LLC raised its stake in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the last quarter. GAMMA Investing LLC boosted its stake in Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares during the last quarter. Institutional investors own 94.46% 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.