Roblox (NYSE:RBLX) Earns "Buy" Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of Roblox (NYSE:RBLX - Free Report) in a research note issued to investors on Wednesday morning, Benzinga reports. Roth Mkm currently has a $55.00 target price on the stock.

RBLX has been the topic of several other research reports. Benchmark restated a buy rating and issued a $50.00 target price on shares of Roblox in a report on Tuesday, April 23rd. The Goldman Sachs Group raised Roblox from a sell rating to a neutral rating and raised their target price for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Stifel Nicolaus reissued a buy rating and issued a $53.00 price target on shares of Roblox in a research note on Monday, April 22nd. JPMorgan Chase & Co. upgraded Roblox from a neutral rating to an overweight rating and increased their price target for the stock from $41.00 to $48.00 in a report on Tuesday, April 23rd. Finally, Needham & Company LLC boosted their target price on shares of Roblox from $51.00 to $55.00 and gave the company a buy rating in a research report on Thursday, February 8th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has a consensus rating of Moderate Buy and an average price target of $47.60.

Roblox Trading Up 2.9 %

Shares of Roblox stock traded up $1.02 on Wednesday, hitting $36.58. The stock had a trading volume of 5,851,643 shares, compared to its average volume of 7,425,891. The stock has a 50 day moving average of $38.28 and a 200 day moving average of $39.18. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. Roblox has a twelve month low of $24.88 and a twelve month high of $47.20. The firm has a market capitalization of $23.11 billion, a P/E ratio of -19.25 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted ($0.48) EPS. The business's revenue was up 25.3% on a year-over-year basis. Sell-side analysts expect that Roblox will post -2.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 3,777 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the transaction, the chief accounting officer now directly owns 96,125 shares in the company, valued at approximately $3,906,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the firm's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now owns 96,125 shares of the company's stock, valued at approximately $3,906,520. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David Baszucki sold 200,000 shares of the business's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $44.15, for a total value of $8,830,000.00. Following the transaction, the chief executive officer now directly owns 1 shares of the company's stock, valued at approximately $44.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 712,374 shares of company stock worth $29,639,338. Corporate insiders own 22.15% of the company's stock.

Institutional Trading of Roblox

A number of hedge funds have recently made changes to their positions in RBLX. Allspring Global Investments Holdings LLC purchased a new stake in Roblox in the fourth quarter worth approximately $25,000. Blue Trust Inc. raised its holdings in Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company's stock valued at $49,000 after buying an additional 912 shares during the last quarter. Allworth Financial LP raised its stake in shares of Roblox by 90.2% during the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company's stock valued at $57,000 after acquiring an additional 587 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in Roblox in the 4th quarter worth approximately $58,000. Finally, Principal Securities Inc. bought a new stake in shares of Roblox in the 4th quarter worth approximately $59,000. 91.08% of the stock is owned by institutional investors.

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.