Roblox (NYSE:RBLX) Cut to “Sell” at Moffett Nathanson

Moffett Nathanson lowered shares of Roblox (NYSE:RBLX) from a neutral rating to a sell rating in a research report sent to investors on Friday, MarketBeat.com reports. Moffett Nathanson currently has $34.00 price target on the stock.

RBLX has been the subject of several other research reports. Macquarie lifted their price objective on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their price target on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. HSBC initiated coverage on shares of Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective on the stock. CICC Research assumed coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating for the company. Finally, BTIG Research raised their price target on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.19.

Roblox Stock Down 1.1 %

Shares of RBLX opened at $66.41 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $40.34 billion, a PE 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 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. Analysts forecast that Roblox will post -1.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Michael Guthrie sold 40,000 shares of Roblox stock in a transaction dated Friday, November 15th. The shares were 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 owns 352,844 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 138,555 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now directly owns 129,301 shares of the company’s stock, valued at $9,260,537.62. This represents a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,306,335 shares of company stock valued at $77,348,316 over the last quarter. 22.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in shares of Roblox in the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC lifted its holdings in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the period. Versant Capital Management Inc boosted its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares in the last quarter. 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.