Roblox (NYSE:RBLX) Earns Sector Perform Rating from Analysts at FBN Securities

Analysts at FBN Securities began coverage on shares of Roblox (NYSE:RBLX) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm set a “sector perform” rating and a $65.00 price target on the stock. FBN Securities’ price target would suggest a potential upside of 10.19% from the company’s previous close.

RBLX has been the subject of several other research reports. Macquarie upped their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Roth Mkm increased their price objective on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. CICC Research started coverage on Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. increased their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Finally, Benchmark restated a “buy” rating and set a $71.00 price objective on shares of Roblox in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.23.

Roblox Trading Down 0.9 %

Shares of NYSE RBLX opened at $58.99 on Friday. The company has a market cap of $36.51 billion, a price-to-earnings ratio of -40.68 and a beta of 1.49. The stock’s 50 day simple moving average is $63.22 and its 200 day simple moving average is $55.48. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities research analysts expect that Roblox will post -1.49 EPS for the current year.

Insider Activity at Roblox

In other news, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the sale, the director now owns 6,254,137 shares of the company’s stock, valued at $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David Baszucki sold 34,099 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 926,466 shares of company stock worth $60,212,297 in the last quarter. 22.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently bought and sold shares of the business. Thoma Capital Management LLC acquired a new stake in shares of Roblox during the fourth quarter worth approximately $687,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Roblox by 67.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 58,282 shares of the company’s stock valued at $3,372,000 after buying an additional 23,431 shares during the period. Siemens Fonds Invest GmbH grew its holdings in shares of Roblox by 87.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 9,904 shares of the company’s stock valued at $573,000 after acquiring an additional 4,629 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in shares of Roblox in the fourth quarter worth $201,000. Finally, Polar Asset Management Partners Inc. raised its holdings in shares of Roblox by 21.7% during the fourth quarter. Polar Asset Management Partners Inc. now owns 82,000 shares of the company’s stock worth $4,745,000 after acquiring an additional 14,600 shares in the last quarter. Hedge funds and other 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.