Moffett Nathanson Upgrades Roblox (NYSE:RBLX) to Neutral

Moffett Nathanson upgraded shares of Roblox (NYSE:RBLX - Free Report) from a sell rating to a neutral rating in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have $26.00 price objective on the stock, down from their previous price objective of $31.00.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group upgraded Roblox from a sell rating to a neutral rating and upped their price objective for the stock from $35.00 to $48.00 in a report 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 report on Thursday, February 8th. BMO Capital Markets boosted their target price on Roblox from $55.00 to $57.00 and gave the company an outperform rating in a research note on Thursday, February 8th. Stifel Nicolaus restated a buy rating and set a $53.00 price target on shares of Roblox in a research report on Monday, April 22nd. Finally, Barclays upgraded shares of Roblox from an underweight rating to an equal weight rating and raised their target price for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $43.24.

Roblox Price Performance

NYSE:RBLX traded up $1.02 during mid-day trading on Friday, hitting $31.44. 21,383,864 shares of the stock traded hands, compared to its average volume of 6,153,465. Roblox has a 12-month low of $24.88 and a 12-month high of $47.20. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The business's 50-day moving average price is $37.81 and its 200 day moving average price is $39.39.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results 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. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The firm had revenue of $923.76 million for the quarter, compared to analysts' expectations of $918.85 million. During the same quarter in the prior year, the firm posted ($0.44) earnings per share. The business's quarterly revenue was up 19.4% on a year-over-year basis. Research analysts predict that Roblox will post -2.09 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 200,000 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00. Following the transaction, the chief executive officer now owns 1 shares in the company, valued at $44.09. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Roblox news, insider Mark Reinstra sold 12,531 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total transaction of $510,638.25. Following the transaction, the insider now owns 249,779 shares in the company, valued at approximately $10,178,494.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Baszucki sold 200,000 shares of Roblox stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.09, for a total transaction of $8,818,000.00. Following the completion of the sale, the chief executive officer now owns 1 shares of the company's stock, valued at $44.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 512,374 shares of company stock worth $20,809,338. 22.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roblox

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Roblox during the 4th quarter valued at about $25,000. Washington Trust Advisors Inc. bought a new stake in shares of Roblox during the first quarter valued at approximately $39,000. Blue Trust Inc. lifted its holdings in shares of Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company's stock worth $49,000 after buying an additional 912 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Roblox by 90.2% during the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company's stock valued at $57,000 after purchasing an additional 587 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new position in Roblox during the 4th quarter valued at approximately $58,000. 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.