Roblox's (RBLX) Buy Rating Reaffirmed at Stifel Nicolaus

Roblox (NYSE:RBLX - Get Free Report)'s stock had its "buy" rating reaffirmed by Stifel Nicolaus in a report released on Monday, Benzinga reports. They presently have a $53.00 price objective on the stock. Stifel Nicolaus' price target points to a potential upside of 51.60% from the company's previous close.

A number of other research analysts have also recently commented on the company. Benchmark reissued a "buy" rating and issued a $46.00 target price on shares of Roblox in a research note on Tuesday, January 23rd. Wedbush lifted their target price on shares of Roblox from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. BMO Capital Markets raised their price target on shares of Roblox from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Barclays raised shares of Roblox from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Finally, Needham & Company LLC lifted their target price on shares of Roblox from $51.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox has an average rating of "Moderate Buy" and an average price target of $46.85.

Roblox Stock Down 1.1 %

Shares of RBLX traded down $0.38 during trading hours on Monday, reaching $34.96. 7,287,225 shares of the stock traded hands, compared to its average volume of 7,544,104. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The stock has a fifty day simple moving average of $39.32 and a 200 day simple moving average of $38.94. Roblox has a 52 week low of $24.88 and a 52 week high of $47.20. The company has a market cap of $20.66 billion, a price-to-earnings ratio of -19.00 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business earned ($0.48) earnings per share. Roblox's revenue for the quarter was up 25.3% on a year-over-year basis. On average, equities analysts forecast that Roblox will post -2.1 EPS for the current year.

Insider Activity at Roblox

In related news, Director Gregory Baszucki sold 8,333 shares of the company'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 approximately $402,914,445.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Gregory Baszucki sold 8,333 shares of the company's stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $36.06, for a total transaction of $1,081,800.00. Following the completion of the sale, the chief financial officer now directly owns 396,709 shares of the company's stock, valued at approximately $14,305,326.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 707,707 shares of company stock worth $29,526,367. Insiders own 27.67% of the company's stock.

Institutional Investors Weigh In On Roblox

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC increased its stake in shares of Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company's stock worth $202,000 after acquiring an additional 320 shares during the period. Independent Advisor Alliance increased its stake in shares of Roblox by 3.1% in the third quarter. Independent Advisor Alliance now owns 11,851 shares of the company's stock worth $343,000 after acquiring an additional 352 shares during the period. Signaturefd LLC increased its holdings in Roblox by 9.3% in the third quarter. Signaturefd LLC now owns 4,119 shares of the company's stock valued at $119,000 after buying an additional 352 shares in the last quarter. Sepio Capital LP increased its holdings in Roblox by 3.0% in the third quarter. Sepio Capital LP now owns 12,918 shares of the company's stock valued at $374,000 after buying an additional 382 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its holdings in Roblox by 23.4% in the third quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company's stock valued at $62,000 after buying an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company's stock.

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.