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

Roblox logo with Consumer Discretionary background

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.

Get Our Latest Report on Roblox

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

(Get Free Report

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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Analyst Recommendations for Roblox (NYSE:RBLX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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