Roblox (NYSE:RBLX) Price Target Raised to $82.00 at Citigroup

Roblox (NYSE:RBLX - Free Report) had its target price hoisted by Citigroup from $63.00 to $82.00 in a research note issued to investors on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other research firms have also recently weighed in on RBLX. Raymond James restated a "strong-buy" rating and set a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Morgan Stanley upped their price target on shares of Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. HSBC started coverage on shares of Roblox in a report on Thursday, December 12th. They set a "buy" rating and a $63.00 price target on the stock. Macquarie raised their target price on Roblox from $50.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Canaccord Genuity Group upped 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. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and an average target price of $60.05.

Roblox Price Performance

Shares of NYSE RBLX traded down $8.37 during trading hours on Monday, hitting $67.10. 52,509,918 shares of the stock were exchanged, compared to its average volume of 9,057,627. Roblox has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a market cap of $40.77 billion, a PE ratio of -40.92 and a beta of 1.46. 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 company's fifty day simple moving average is $62.14 and its two-hundred day simple moving average is $50.44.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. On average, sell-side analysts predict that Roblox will post -1.56 EPS for the current year.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 138,555 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the transaction, the chief executive officer now owns 129,301 shares of the company's stock, valued at approximately $9,260,537.62. This trade represents a 51.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 3,601 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the sale, the chief accounting officer now directly owns 81,407 shares of the company's stock, valued at $4,014,993.24. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,306,335 shares of company stock valued at $77,348,316. Company insiders own 22.15% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in Roblox during the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC raised its holdings in shares of 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 purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $41,000 after purchasing an additional 530 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors 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.