Roblox Co. (NYSE:RBLX) Receives $64.50 Consensus Price Target from Analysts

Roblox Co. (NYSE:RBLX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-six ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $64.50.

A number of equities analysts have weighed in on the company. Piper Sandler restated an "overweight" rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Macquarie boosted their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price for the company. in a research note on Friday, February 7th. The Goldman Sachs Group lifted their target price on shares of Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, Roth Mkm upped their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, January 27th.

Insider Activity at Roblox

In other Roblox news, CEO David Baszucki sold 229,167 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the transaction, the chief executive officer now owns 221,983 shares of the company's stock, valued at $11,649,667.84. This represents a 50.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Reinstra sold 19,525 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the completion of the transaction, the insider now owns 339,206 shares in the company, valued at approximately $22,367,243.64. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 764,399 shares of company stock valued at $45,431,661. 22.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roblox

Several large investors have recently added to or reduced their stakes in RBLX. Versant Capital Management Inc grew its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Roblox in the 1st quarter worth approximately $39,000. Colonial Trust Co SC acquired a new position in Roblox during the 4th quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Up 3.8 %

RBLX stock traded up $2.52 during mid-day trading on Friday, reaching $69.57. 8,845,310 shares of the company traded hands, compared to its average volume of 7,910,155. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm's 50 day moving average price is $59.27 and its 200 day moving average price is $57.95. The stock has a market cap of $43.72 billion, a price-to-earnings ratio of -47.85 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last issued 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 firm's quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.43) EPS. As a group, equities research analysts predict that Roblox will post -1.49 EPS for the current fiscal year.

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.