Roblox Co. (NYSE:RBLX – Get Free Report) has been given an average recommendation of “Moderate Buy” by the twenty-two ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $44.40.
Several brokerages have commented on RBLX. Needham & Company LLC upped their target price on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group increased their target price on Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. BMO Capital Markets restated an “outperform” rating and set a $56.00 target price on shares of Roblox in a report on Tuesday, July 30th. Wells Fargo & Company upped their price target on Roblox from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Finally, Wolfe Research initiated coverage on shares of Roblox in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock.
Insider Buying and Selling
Institutional Investors Weigh In On Roblox
Several large investors have recently made changes to their positions in the stock. PARK CIRCLE Co bought a new position in Roblox during the second quarter worth about $30,000. Strategic Financial Concepts LLC acquired a new position in shares of Roblox during the 2nd quarter worth approximately $33,000. Gilliland Jeter Wealth Management LLC raised its stake in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares during the period. Washington Trust Advisors Inc. bought a new stake in Roblox in the 1st quarter valued at $39,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after purchasing an additional 548 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.
Roblox Price Performance
Shares of RBLX stock opened at $45.74 on Friday. The firm has a market cap of $27.38 billion, a price-to-earnings ratio of -24.59 and a beta of 1.60. Roblox has a 12 month low of $24.88 and a 12 month high of $47.49. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The stock has a 50-day moving average price of $41.45 and a 200 day moving average price of $38.22.
Roblox (NYSE:RBLX – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. During the same quarter in the previous year, the company earned ($0.46) EPS. Roblox’s revenue was up 31.2% on a year-over-year basis. Research analysts expect that Roblox will post -1.59 EPS for the current 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.
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