Roblox Corporation (NYSE:RBLX) Receives Average Rating of "Moderate Buy" from Analysts

Roblox Corporation (NYSE:RBLX - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-six research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, seventeen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $83.52.

Several research firms recently commented on RBLX. Morgan Stanley reduced their price target on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays raised their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on Roblox from $100.00 to $120.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Oppenheimer restated an "outperform" rating and set a $125.00 price objective (up from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Finally, Wells Fargo & Company upped their target price on Roblox from $78.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, June 27th.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 1,375,002 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the sale, the chief executive officer owned 221,983 shares in the company, valued at approximately $16,024,952.77. The trade was a 86.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 6,645,690 shares of company stock worth $592,729,502. 12.92% of the stock is owned by insiders.

Institutional Trading of Roblox

Several large investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new position in Roblox in the 4th quarter worth approximately $6,455,000. Raymond James Financial Inc. acquired a new stake in shares of Roblox in the fourth quarter worth $24,217,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Roblox by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,665 shares of the company's stock worth $5,940,000 after purchasing an additional 2,178 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Roblox by 10.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 61,192 shares of the company's stock worth $3,541,000 after purchasing an additional 5,953 shares during the last quarter. Finally, Independent Advisor Alliance lifted its position in Roblox by 23.6% during the fourth quarter. Independent Advisor Alliance now owns 11,178 shares of the company's stock valued at $647,000 after purchasing an additional 2,132 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Stock Performance

Roblox stock opened at $106.50 on Thursday. Roblox has a 1-year low of $35.30 and a 1-year high of $108.00. The company's 50-day moving average is $90.46 and its 200 day moving average is $71.64. The firm has a market capitalization of $72.24 billion, a P/E ratio of -79.48 and a beta of 1.60. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted ($0.43) earnings per share. The company's revenue for the quarter was up 30.6% on a year-over-year basis. Research analysts forecast that Roblox will post -1.49 EPS for the current 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.

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