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

Shares of Roblox Co. (NYSE:RBLX) have been assigned an average rating of “Moderate Buy” from the twenty-three analysts that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $44.81.

RBLX has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and set a $46.00 price objective on shares of Roblox in a research note on Monday, July 29th. The Goldman Sachs Group raised their price objective on Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Jefferies Financial Group initiated coverage on Roblox in a research note on Thursday, July 11th. They set a “hold” rating and a $42.00 price objective on the stock. Barclays raised their price objective on Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 price target on shares of Roblox in a research note on Tuesday, July 30th.

Roblox Stock Down 1.5 %

NYSE:RBLX opened at $41.38 on Tuesday. The company has a market cap of $24.47 billion, a PE ratio of -22.25 and a beta of 1.60. The stock has a 50-day simple moving average of $42.61 and a 200 day simple moving average of $38.71. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. Roblox has a 52-week low of $29.55 and a 52-week high of $48.43.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same period in the previous year, the business earned ($0.46) EPS. Roblox’s revenue for the quarter was up 31.2% compared to the same quarter last year. On average, sell-side analysts expect that Roblox will post -1.59 EPS for the current fiscal year.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 4,933 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the sale, the chief accounting officer now directly owns 99,617 shares of the company’s stock, valued at $4,019,545.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Amy Marie Rawlings sold 4,933 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at $4,019,545.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $47.75, for a total transaction of $620,750.00. Following the completion of the transaction, the director now owns 9,662,103 shares of the company’s stock, valued at approximately $461,365,418.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 762,341 shares of company stock valued at $32,788,526 in the last ninety days. 22.15% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently added to or reduced their stakes in RBLX. Azzad Asset Management Inc. ADV purchased a new stake in Roblox during the 3rd quarter valued at $239,000. GAMMA Investing LLC raised its stake in Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after buying an additional 530 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in Roblox by 37.7% during the 3rd quarter. Central Pacific Bank Trust Division now owns 18,922 shares of the company’s stock valued at $837,000 after buying an additional 5,178 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Roblox during the 2nd quarter valued at $1,105,000. Finally, Coronation Fund Managers Ltd. purchased a new stake in Roblox during the 2nd quarter valued at $2,663,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

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.