Roblox’s (RBLX) “Outperform” Rating Reiterated at Wedbush

Roblox (NYSE:RBLX)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a research report issued to clients and investors on Friday,RTT News reports. They currently have a $83.00 price objective on the stock. Wedbush’s price objective points to a potential upside of 24.99% from the stock’s previous close. Wedbush also issued estimates for Roblox’s Q1 2025 earnings at ($0.43) EPS, Q2 2025 earnings at ($0.28) EPS, Q3 2025 earnings at ($0.39) EPS, Q4 2025 earnings at ($0.54) EPS, FY2025 earnings at ($1.65) EPS and FY2026 earnings at ($1.61) EPS.

Several other equities analysts have also recently weighed in on the stock. Raymond James reiterated a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research report on Friday, November 22nd. Benchmark lifted their price target on Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Moffett Nathanson downgraded Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a report on Friday. Finally, Citigroup raised their price target on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Roblox Price Performance

RBLX traded down $0.71 during trading on Friday, reaching $66.41. The stock had a trading volume of 23,957,585 shares, compared to its average volume of 9,656,356. The stock has a 50 day moving average of $62.14 and a two-hundred day moving average of $50.44. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $40.34 billion, a price-to-earnings ratio of -40.49 and a beta of 1.46. Roblox has a 1-year low of $29.55 and a 1-year high of $75.74.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. As a group, equities analysts anticipate that Roblox will post -1.56 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In related news, CAO Amy Marie Rawlings sold 6,054 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $311,357.22. Following the completion of the sale, the chief accounting officer now directly owns 85,008 shares of the company’s stock, valued at $4,371,961.44. This trade represents a 6.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Reinstra sold 16,480 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $847,566.40. Following the sale, the insider now owns 278,161 shares in the company, valued at $14,305,820.23. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,306,335 shares of company stock worth $77,348,316 over the last three months. Company insiders own 22.15% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. FMR LLC raised its holdings in Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after buying an additional 4,115,286 shares during the period. Wealthfront Advisers LLC increased its position in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after acquiring an additional 17,312,325 shares in the last quarter. Ieq Capital LLC raised its holdings in shares of Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after acquiring an additional 3,507,901 shares during the period. State Street Corp lifted its position in Roblox by 2.3% in the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after acquiring an additional 240,565 shares in the last quarter. Finally, ValueAct Holdings L.P. boosted its stake in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares during the period. Institutional investors own 94.46% of the company’s stock.

Roblox Company Profile

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.