Roblox (NYSE:RBLX) Price Target Increased to $45.00 by Analysts at The Goldman Sachs Group

Roblox (NYSE:RBLX) had its price target hoisted by The Goldman Sachs Group from $38.00 to $45.00 in a research note issued to investors on Friday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

RBLX has been the subject of a number of other reports. Stifel Nicolaus reiterated a buy rating and set a $53.00 price target on shares of Roblox in a report on Monday, April 22nd. Barclays increased their target price on shares of Roblox from $35.00 to $40.00 and gave the stock an equal weight rating in a report on Friday. Benchmark boosted their price target on Roblox from $40.00 to $44.00 and gave the company a buy rating in a report on Friday. Roth Capital cut Roblox from a strong-buy rating to a hold rating in a report on Tuesday, May 14th. Finally, Moffett Nathanson raised Roblox from a sell rating to a neutral rating and reduced their target price for the company from $31.00 to $26.00 in a research note on Friday, May 10th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox has an average rating of Moderate Buy and a consensus price target of $44.32.

Roblox Trading Up 0.5 %

Shares of NYSE:RBLX traded up $0.19 on Friday, reaching $39.04. 7,398,291 shares of the company traded hands, compared to its average volume of 5,541,735. The business’s 50-day simple moving average is $37.48 and its 200 day simple moving average is $38.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox has a 52 week low of $24.88 and a 52 week high of $47.20.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.05. Roblox had a negative return on equity of 1,285.39% and a negative net margin of 34.12%. The business had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same period last year, the company earned ($0.46) EPS. Roblox’s revenue for the quarter was up 31.2% compared to the same quarter last year. Analysts expect that Roblox will post -1.66 earnings per share for the current year.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 166,668 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $40.21, for a total transaction of $6,701,720.28. Following the completion of the sale, the chief executive officer now directly owns 142,260 shares in the company, valued at approximately $5,720,274.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Roblox news, Director Andrea L. Wong sold 5,276 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $31.13, for a total transaction of $164,241.88. Following the completion of the sale, the director now owns 26,319 shares of the company’s stock, valued at $819,310.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Baszucki sold 166,668 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $40.21, for a total value of $6,701,720.28. Following the completion of the sale, the chief executive officer now owns 142,260 shares of the company’s stock, valued at approximately $5,720,274.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 476,889 shares of company stock worth $17,575,955. 22.15% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in Roblox during the 4th quarter worth approximately $25,000. PARK CIRCLE Co purchased a new stake in shares of Roblox in the second quarter worth $30,000. Gilliland Jeter Wealth Management LLC lifted its stake in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in Roblox in the 1st quarter worth $39,000. Finally, Blue Trust Inc. increased its stake in Roblox by 566.5% in the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after buying an additional 912 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors.

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.