Benchmark Reiterates Buy Rating for Roblox (NYSE:RBLX)

Benchmark restated their buy rating on shares of Roblox (NYSE:RBLX - Free Report) in a report issued on Tuesday morning, Benzinga reports. They currently have a $50.00 target price on the stock.

A number of other brokerages have also commented on RBLX. The Goldman Sachs Group upgraded shares of Roblox from a sell rating to a neutral rating and upped their price target for the company from $35.00 to $48.00 in a research note on Thursday, February 8th. BMO Capital Markets upped their price target on shares of Roblox from $55.00 to $57.00 and gave the company an outperform rating in a research note on Thursday, February 8th. Wedbush upped their price target on shares of Roblox from $53.00 to $56.00 and gave the company an outperform rating in a research note on Thursday, February 8th. Barclays upgraded shares of Roblox from an underweight rating to an equal weight rating and upped their price target for the company from $26.00 to $46.00 in a research note on Thursday, February 8th. Finally, Needham & Company LLC upped their price target on shares of Roblox from $51.00 to $55.00 and gave the company a buy rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Roblox presently has an average rating of Moderate Buy and a consensus target price of $47.60.

Roblox Stock Up 3.8 %

NYSE:RBLX traded up $1.34 on Tuesday, hitting $36.30. 8,680,911 shares of the company's stock were exchanged, compared to its average volume of 7,558,783. The firm has a 50-day moving average price of $39.03 and a 200-day moving average price of $39.01. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. Roblox has a 52 week low of $24.88 and a 52 week high of $47.20. The company has a market cap of $21.46 billion, a P/E ratio of -19.41 and a beta of 1.64.

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

Insider Buying and Selling

In related news, CFO Michael Guthrie sold 10,972 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $445,902.08. Following the sale, the chief financial officer now owns 233,629 shares in the company, valued at approximately $9,494,682.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Amy Marie Rawlings sold 3,777 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 96,125 shares of the company's stock, valued at approximately $3,906,520. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael Guthrie sold 10,972 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $445,902.08. Following the completion of the transaction, the chief financial officer now directly owns 233,629 shares of the company's stock, valued at approximately $9,494,682.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 707,707 shares of company stock worth $29,526,367. Corporate insiders own 22.15% of the company's stock.

Hedge Funds Weigh In On Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC raised its stake in shares of Roblox by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company's stock valued at $202,000 after acquiring an additional 320 shares during the last quarter. Independent Advisor Alliance raised its stake in shares of Roblox by 3.1% during the third quarter. Independent Advisor Alliance now owns 11,851 shares of the company's stock valued at $343,000 after acquiring an additional 352 shares during the last quarter. Signaturefd LLC raised its stake in shares of Roblox by 9.3% during the third quarter. Signaturefd LLC now owns 4,119 shares of the company's stock valued at $119,000 after acquiring an additional 352 shares during the last quarter. Sepio Capital LP raised its stake in shares of Roblox by 3.0% during the third quarter. Sepio Capital LP now owns 12,918 shares of the company's stock valued at $374,000 after acquiring an additional 382 shares during the last quarter. Finally, Impact Partnership Wealth LLC raised its stake in shares of Roblox by 23.4% during the third quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company's stock valued at $62,000 after acquiring an additional 403 shares during the last quarter. Institutional investors own 91.08% 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.