The Goldman Sachs Group Issues Positive Forecast for Roblox (NYSE:RBLX) Stock Price

Roblox (NYSE:RBLX) had its target price boosted by The Goldman Sachs Group from $55.00 to $63.00 in a research report released on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other analysts have also recently weighed in on RBLX. JPMorgan Chase & Co. boosted their price objective on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Citigroup boosted their price target 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. Needham & Company LLC increased their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday. CICC Research began coverage on shares of Roblox in a report on Tuesday, January 14th. They set an “outperform” rating for the company. Finally, Barclays increased their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.19.

Roblox Price Performance

RBLX opened at $66.41 on Friday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $40.34 billion, a P/E ratio of -45.80 and a beta of 1.46. The company’s 50 day simple moving average is $62.47 and its 200-day simple moving average is $50.76. Roblox has a one year low of $29.55 and a one year high of $75.74.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. Sell-side analysts anticipate that Roblox will post -1.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, CFO Michael Guthrie sold 40,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $52.07, for a total value of $2,082,800.00. Following the sale, the chief financial officer now directly owns 352,844 shares in the company, valued at $18,372,587.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Reinstra sold 16,480 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $847,566.40. Following the transaction, the insider now owns 278,161 shares of the company’s stock, valued at approximately $14,305,820.23. The trade was a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,306,335 shares of company stock valued at $77,348,316. 22.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Truist Financial Corp bought a new stake in Roblox during the 2nd quarter worth about $559,000. Cetera Investment Advisers raised its holdings in Roblox by 4.4% during the second quarter. Cetera Investment Advisers now owns 41,332 shares of the company’s stock worth $1,538,000 after acquiring an additional 1,748 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Roblox during the second quarter valued at approximately $1,105,000. GAMMA Investing LLC grew its stake in Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of Roblox during the 3rd quarter worth approximately $235,000. Institutional investors and hedge funds 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.