Roblox (NYSE:RBLX) Shares Gap Up to $34.96

Roblox Co. (NYSE:RBLX - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $34.96, but opened at $36.42. Roblox shares last traded at $37.35, with a volume of 2,530,168 shares trading hands.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of recent analyst reports. Needham & Company LLC upped their price objective on Roblox from $51.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, February 8th. Benchmark reaffirmed a "buy" rating and issued a $50.00 price target on shares of Roblox in a research note on Tuesday. Roth Mkm raised their price objective on Roblox from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Wedbush upped their target price on shares of Roblox from $53.00 to $56.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group raised shares of Roblox from a "sell" rating to a "neutral" rating and increased their target price for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.60.

Roblox Trading Up 3.8 %

The firm has a market capitalization of $21.46 billion, a price-to-earnings ratio of -19.72 and a beta of 1.64. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50-day moving average price of $39.15 and a 200-day moving average price of $38.97.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping analysts' consensus estimates of ($0.57) by $0.05. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The business's revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.48) earnings per share. As a group, research analysts forecast that Roblox Co. will post -2.1 EPS for the current fiscal year.

Insider Transactions at Roblox

In other news, Director Gregory Baszucki sold 8,333 shares of the business's stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total transaction of $343,069.61. Following the transaction, the director now directly owns 9,786,603 shares in the company, valued at $402,914,445.51. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Amy Marie Rawlings sold 3,777 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $153,497.28. Following the completion of the sale, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory Baszucki sold 8,333 shares of the firm's stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total transaction of $343,069.61. Following the completion of the sale, the director now owns 9,786,603 shares of the company's stock, valued at approximately $402,914,445.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 707,707 shares of company stock worth $29,526,367. Company insiders own 22.15% of the company's stock.

Hedge Funds Weigh In On Roblox

Several hedge funds have recently bought and sold shares of RBLX. AE Wealth Management LLC lifted its stake in Roblox by 33.3% in the 3rd quarter. AE Wealth Management LLC now owns 16,806 shares of the company's stock valued at $487,000 after buying an additional 4,196 shares in the last quarter. SG Americas Securities LLC raised its stake in Roblox by 829.1% in the 3rd quarter. SG Americas Securities LLC now owns 99,572 shares of the company's stock valued at $2,884,000 after purchasing an additional 88,855 shares during the last quarter. Impact Partnership Wealth LLC lifted its holdings in Roblox by 23.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company's stock valued at $62,000 after purchasing an additional 403 shares in the last quarter. Bellecapital International Ltd. boosted its stake in shares of Roblox by 23.4% during the 3rd quarter. Bellecapital International Ltd. now owns 10,030 shares of the company's stock worth $290,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Roblox by 19.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,245,229 shares of the company's stock worth $36,062,000 after buying an additional 203,627 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

About Roblox

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.