Roblox Co. (NYSE:RBLX) Receives $64.23 Consensus PT from Analysts

Roblox Co. (NYSE:RBLX) has earned an average rating of “Moderate Buy” from the twenty-six analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $64.23.

A number of analysts have recently issued reports on RBLX shares. The Goldman Sachs Group lifted their price target on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Barclays reduced their target price on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Wedbush restated an “outperform” rating and set a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Roth Mkm increased their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Citigroup raised their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd.

Roblox Stock Down 9.2 %

Shares of RBLX opened at $52.84 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The company has a market capitalization of $32.71 billion, a price-to-earnings ratio of -36.44 and a beta of 1.49. The stock’s 50-day moving average price is $62.42 and its 200-day moving average price is $55.93. Roblox has a 52 week low of $29.55 and a 52 week high of $75.74.

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

Insider Activity at Roblox

In other Roblox news, Director Anthony P. Lee sold 21,200 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the sale, the director now directly owns 6,589,757 shares in the company, valued at $404,413,387.09. This represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 947,666 shares of company stock worth $61,513,341. Insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently modified their holdings of RBLX. Versant Capital Management Inc raised its holdings in Roblox by 83.9% in 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 in the last quarter. Gordian Capital Singapore Pte Ltd increased its position in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Roblox in the 4th quarter valued at $41,000. Parkside Financial Bank & Trust lifted its position in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its position in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares during the last quarter. Institutional investors and hedge funds 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.