Roblox Co. (NYSE:RBLX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Roblox Co. (NYSE:RBLX - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $76.09.

RBLX has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $95.00 price target (up previously from $82.00) on shares of Roblox in a research note on Friday, May 30th. FBN Securities assumed coverage on shares of Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price target on the stock. Macquarie upped their price target on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Finally, Oppenheimer lifted 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.

Roblox Stock Up 2.3%

RBLX opened at $97.34 on Friday. The company has a 50 day moving average of $74.96 and a 200 day moving average of $65.93. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox has a 12 month low of $34.41 and a 12 month high of $98.15. The company has a market cap of $66.02 billion, a PE ratio of -67.13 and a beta of 1.56.

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

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 229,167 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 221,983 shares in the company, valued at $11,649,667.84. This represents a 50.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 21,200 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the completion of the transaction, the director now owns 6,589,757 shares of the company's stock, valued at approximately $404,413,387.09. The trade was a 0.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,287,171 shares of company stock valued at $438,237,134. Insiders own 12.92% of the company's stock.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new position in Roblox in the 1st quarter worth approximately $836,000. Acadian Asset Management LLC increased its holdings in Roblox by 10.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,405,813 shares of the company's stock valued at $81,921,000 after acquiring an additional 132,051 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in Roblox by 1.0% in the 1st quarter. IFM Investors Pty Ltd now owns 86,755 shares of the company's stock valued at $5,057,000 after acquiring an additional 817 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in Roblox in the 1st quarter worth $728,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Roblox during the 1st quarter valued at about $728,000. Institutional investors own 94.46% 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.

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