Roblox Co. (NYSE:RBLX) Receives $55.30 Consensus PT from Brokerages

Shares of Roblox Co. (NYSE:RBLX) have been given a consensus recommendation of “Moderate Buy” by the twenty-two brokerages that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $55.30.

Several analysts have weighed in on the company. Benchmark lifted their price objective on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity Group lifted their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays increased their price objective on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Needham & Company LLC upped their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

Insider Transactions at Roblox

In other news, insider Manuel Bronstein sold 10,492 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $49.45, for a total transaction of $518,829.40. Following the completion of the sale, the insider now owns 618,154 shares of the company’s stock, valued at $30,567,715.30. This represents a 1.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the transaction, the chief accounting officer now directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,013,607 shares of company stock worth $48,434,122 over the last three months. 22.15% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its position in shares of Roblox by 31.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,780 shares of the company’s stock valued at $106,000 after buying an additional 672 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Roblox by 22.7% in the 1st quarter. Janus Henderson Group PLC now owns 49,520 shares of the company’s stock valued at $1,890,000 after acquiring an additional 9,159 shares during the last quarter. California State Teachers Retirement System lifted its stake in Roblox by 0.8% in the 1st quarter. California State Teachers Retirement System now owns 669,967 shares of the company’s stock worth $25,579,000 after purchasing an additional 5,621 shares in the last quarter. Swedbank AB bought a new position in Roblox during the first quarter valued at approximately $2,024,000. Finally, Cetera Advisors LLC boosted its position in shares of Roblox by 45.2% during the 1st quarter. Cetera Advisors LLC now owns 17,279 shares of the company’s stock valued at $660,000 after acquiring an additional 5,377 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.

Roblox Price Performance

RBLX opened at $50.15 on Wednesday. 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 $30.47 billion, a PE ratio of -30.58 and a beta of 1.56. The stock’s 50 day moving average price is $46.35 and its 200-day moving average price is $41.46. Roblox has a 52-week low of $29.55 and a 52-week high of $55.10.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.45) EPS. On average, equities research analysts predict that Roblox will post -1.56 EPS for the current year.

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.