Roblox (NYSE:RBLX) Price Target Raised to $51.00

Key Points

• B. Riley raised Roblox’s price target from $45 to $51 and maintained a “Buy” rating, implying 17.17% upside from the prior close.
• Analyst sentiment remains mixed: Roblox has a consensus “Hold” rating and an average price target of $53.35, with recent downgrades from UBS, Jefferies, and Moffett Nathanson.
• Roblox’s latest quarter showed an adjusted loss of $0.32 per share, better than estimates, while revenue rose 15.6% year over year to $1.57 billion but fell short of forecasts.

Roblox (NYSE:RBLX - Get Free Report) had its price target hoisted by B. Riley Financial from $45.00 to $51.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. B. Riley Financial's price target would indicate a potential upside of 17.17% from the company's previous close.

RBLX has been the topic of a number of other research reports. UBS Group cut their price objective on shares of Roblox from $53.00 to $50.00 and set a "neutral" rating on the stock in a research report on Friday. Jefferies Financial Group lowered Roblox from a "hold" rating to an "underperform" rating and set a $38.00 price target on the stock. in a report on Monday, September 28th. Moffett Nathanson restated a "neutral" rating and set a $40.00 price target (down from $88.00) on shares of Roblox in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Roblox from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday. Finally, Bank of America increased their price target on shares of Roblox from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $53.35.

Roblox Trading Up 1.2%

RBLX stock traded up $0.54 during mid-day trading on Monday, reaching $43.53. The company's stock had a trading volume of 6,220,896 shares, compared to its average volume of 11,740,063. The company has a market cap of $29.22 billion, a price-to-earnings ratio of -31.62 and a beta of 1.45. Roblox has a 12 month low of $33.88 and a 12 month high of $113.60. The business's 50 day moving average price is $46.34 and its 200 day moving average price is $52.69. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.11. Roblox had a negative net margin of 16.48% and a negative return on equity of 303.93%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the firm posted ($0.37) EPS. The company's quarterly revenue was up 15.6% on a year-over-year basis. On average, equities research analysts predict that Roblox will post -1.41 EPS for the current year.

Insider Buying and Selling at Roblox

In other news, CFO Naveen Chopra sold 17,509 shares of Roblox stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total value of $664,641.64. Following the completion of the transaction, the chief financial officer directly owned 363,249 shares in the company, valued at approximately $13,788,932.04. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sean Buckley sold 4,321 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $38.68, for a total value of $167,136.28. Following the sale, the insider owned 87,213 shares in the company, valued at approximately $3,373,398.84. The trade was a 4.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 186,390 shares of company stock worth $7,283,371. Company insiders own 10.05% of the company's stock.

Institutional Trading of Roblox

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Activest Wealth Management grew its position in shares of Roblox by 72.9% during the 3rd quarter. Activest Wealth Management now owns 588 shares of the company's stock valued at $25,000 after purchasing an additional 248 shares in the last quarter. Basecamp Wealth Advisors LLC lifted its position in Roblox by 98.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company's stock valued at $29,000 after purchasing an additional 252 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Roblox by 2,458.6% in the 3rd quarter. Mather Group LLC. now owns 742 shares of the company's stock worth $31,000 after buying an additional 713 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Roblox by 100.7% during the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company's stock valued at $32,000 after buying an additional 283 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its position in shares of Roblox by 234.7% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 753 shares of the company's stock valued at $32,000 after buying an additional 528 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

More Roblox News

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Wolfe Research upgraded Roblox, providing a bullish counterpoint to the recent selloff. Roblox Upgraded at Wolfe Research
• Positive Sentiment: Morgan Stanley maintained its Buy rating, signaling continued confidence in Roblox’s longer-term growth prospects. Morgan Stanley Keeps Buy Rating
• Positive Sentiment: Roblox’s third-quarter bookings exceeded the high end of its guidance, while game volume using artificial intelligence increased 50% sequentially. These trends support engagement and future monetization potential. Roblox Third-Quarter Takeaways

Roblox Company Profile

Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.

Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.

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