Roblox Co. (NYSE:RBLX) Receives $56.62 Consensus PT from Analysts

Roblox Co. (NYSE:RBLX) has been assigned an average rating of “Moderate Buy” from the twenty-four analysts that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $57.48.

Several analysts have recently commented on the company. Raymond James restated a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. Piper Sandler raised their price objective on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. The Goldman Sachs Group upped their target price on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Morgan Stanley raised their price target on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Macquarie upped their price objective on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Roblox Trading Up 0.5 %

Shares of Roblox stock opened at $65.57 on Thursday. Roblox has a 12-month low of $29.55 and a 12-month high of $66.51. The stock has a market capitalization of $39.84 billion, a P/E ratio of -39.98 and a beta of 1.43. The company has a 50-day simple moving average of $57.12 and a 200 day simple moving average of $47.56. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted ($0.45) earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Research analysts expect that Roblox will post -1.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the transaction, the director now owns 6,254,137 shares of the company’s stock, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the sale, the chief accounting officer now directly owns 91,062 shares in the company, valued at $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,504,601 shares of company stock worth $81,882,735. Company insiders own 22.15% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Simon Quick Advisors LLC raised its stake in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares in the last quarter. Versant Capital Management Inc raised its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares in the last quarter. Impact Partnership Wealth LLC lifted its stake in Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after acquiring an additional 245 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after acquiring an additional 271 shares during the period. Finally, Metis Global Partners LLC increased its stake in shares of Roblox by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock worth $266,000 after purchasing an additional 288 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

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.