Roblox (NYSE:RBLX) Stock Rating Reaffirmed by BMO Capital Markets

Roblox (NYSE:RBLX - Get Free Report)'s stock had its "outperform" rating restated by equities researchers at BMO Capital Markets in a research note issued to investors on Monday, Benzinga reports. They presently have a $56.00 price target on the stock, down from their prior price target of $57.00. BMO Capital Markets' price target indicates a potential upside of 80.82% from the stock's previous close.

RBLX has been the subject of several other reports. Needham & Company LLC cut their target price on Roblox from $55.00 to $40.00 and set a "buy" rating for the company in a research note on Friday. Roth Mkm reiterated a "buy" rating and issued a $55.00 target price on shares of Roblox in a research report on Wednesday, May 1st. Stifel Nicolaus reissued a "buy" rating and issued a $53.00 target price on shares of Roblox in a report on Monday, April 22nd. Barclays decreased their price target on shares of Roblox from $46.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Benchmark cut their target price on shares of Roblox from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and a consensus price target of $42.71.

Roblox Price Performance

Roblox stock traded down $0.48 during mid-day trading on Monday, reaching $30.97. 12,395,199 shares of the company were exchanged, compared to its average volume of 8,293,194. The company has a fifty day simple moving average of $37.62 and a 200-day simple moving average of $39.50. The firm has a market cap of $18.31 billion, a PE ratio of -16.65 and a beta of 1.63. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. Roblox has a 12 month low of $24.88 and a 12 month high of $47.20.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.10. The business had revenue of $923.76 million during the quarter, compared to analysts' expectations of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. Roblox's revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.44) earnings per share. As a group, equities research analysts expect that Roblox will post -2.04 earnings per share for the current fiscal year.

Insider Activity

In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was 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 of the company's stock, valued at $3,906,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now directly owns 96,125 shares of the company's stock, valued at $3,906,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Reinstra sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $36.50, for a total transaction of $146,000.00. Following the completion of the sale, the insider now owns 359,453 shares in the company, valued at approximately $13,120,034.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 312,374 shares of company stock worth $11,991,338. Company insiders own 22.15% of the company's stock.

Institutional Investors Weigh In On Roblox

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in shares of Roblox by 171.8% in the third quarter. Barclays PLC now owns 1,086,243 shares of the company's stock valued at $31,457,000 after acquiring an additional 686,594 shares in the last quarter. Aviva PLC increased its position in shares of Roblox by 202.5% during the 3rd quarter. Aviva PLC now owns 195,411 shares of the company's stock valued at $5,659,000 after purchasing an additional 130,818 shares during the last quarter. Morgan Stanley raised its stake in shares of Roblox by 13.7% during the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company's stock worth $1,187,769,000 after purchasing an additional 4,927,848 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Roblox by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company's stock worth $1,291,414,000 after buying an additional 10,025,779 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Roblox during the third quarter valued at about $6,415,000. 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.