Roblox Co. (NYSE:RBLX) Receives Average Rating of “Moderate Buy” from Brokerages

Roblox Co. (NYSE:RBLX) has received an average rating of “Moderate Buy” from the twenty-two brokerages that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $55.30.

Several equities research analysts recently weighed in on RBLX shares. Raymond James upped their price target on Roblox from $51.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 31st. BTIG Research upped their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler upped their price target on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. Finally, Wells Fargo & Company increased their target price on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st.

Roblox Price Performance

Shares of RBLX stock opened at $52.86 on Friday. The firm has a market cap of $32.12 billion, a P/E ratio of -32.23 and a beta of 1.56. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $53.07. The business’s 50 day moving average price is $43.93 and its 200-day moving average price is $39.59. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned ($0.45) EPS. On average, equities research analysts anticipate that Roblox will post -1.58 earnings per share for the current year.

Insider Transactions at Roblox

In other news, insider Mark Reinstra sold 12,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the transaction, the insider now owns 342,656 shares of the company’s stock, valued at $13,706,240. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at approximately $14,543,253.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Reinstra sold 12,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the sale, the insider now owns 342,656 shares of the company’s stock, valued at $13,706,240. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,029,373 shares of company stock valued at $46,476,179 over the last quarter. 22.15% of the stock is currently owned by company insiders.

Institutional Trading of Roblox

Several institutional investors have recently made changes to their positions in RBLX. Vanguard Group Inc. grew its holdings in Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after buying an additional 4,818,022 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Roblox by 1.9% during the 2nd quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock valued at $1,084,395,000 after buying an additional 535,414 shares in the last quarter. ARK Investment Management LLC grew its holdings in Roblox by 12.9% during the 2nd quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock valued at $496,338,000 after buying an additional 1,519,591 shares in the last quarter. Ieq Capital LLC grew its holdings in Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after buying an additional 2,684,713 shares in the last quarter. Finally, Dragoneer Investment Group LLC grew its holdings in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares in the last quarter. Hedge funds and other institutional investors own 91.08% 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.