Roblox Co. (NYSE:RBLX) Given Average Rating of "Moderate Buy" by Analysts

Shares of Roblox Co. (NYSE:RBLX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $68.68.

A number of research analysts have weighed in on RBLX shares. Piper Sandler reiterated an "overweight" rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Barclays increased their price target on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Oppenheimer upped their price target on Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Canaccord Genuity Group increased their target price on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th.

Roblox Trading Up 0.6%

NYSE:RBLX traded up $0.45 during midday trading on Wednesday, reaching $82.26. 4,575,730 shares of the stock traded hands, compared to its average volume of 7,719,476. The company has a fifty day moving average of $64.73 and a 200 day moving average of $61.57. Roblox has a 12 month low of $31.84 and a 12 month high of $83.04. The stock has a market capitalization of $51.82 billion, a P/E ratio of -56.73 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted ($0.43) earnings per share. The firm's revenue was up 30.6% on a year-over-year basis. On average, research analysts predict that Roblox will post -1.49 EPS for the current year.

Insider Activity

In other news, insider Manuel Bronstein sold 14,721 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.10, for a total value of $899,453.10. Following the transaction, the insider now owns 598,929 shares of the company's stock, valued at $36,594,561.90. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $61.14, for a total value of $3,057,000.00. Following the transaction, the chief financial officer now owns 395,465 shares of the company's stock, valued at approximately $24,178,730.10. This trade represents a 11.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,530,764 shares of company stock valued at $176,069,276 in the last quarter. 22.15% of the stock is currently owned by insiders.

Institutional Trading of Roblox

Several institutional investors and hedge funds have recently modified their holdings of RBLX. Smith Group Asset Management LLC grew its position in shares of Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock worth $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Roblox in the 4th quarter worth $363,000. Silicon Valley Capital Partners increased its holdings in shares of Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after purchasing an additional 66,882 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after buying an additional 1,971 shares in the last quarter. Finally, Amundi boosted its position in shares of Roblox by 111.4% during the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock valued at $198,010,000 after acquiring an additional 1,681,263 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

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.