Roblox (NYSE:RBLX) Given New $173.00 Price Target at BTIG Research

Key Points

• BTIG Research has raised its price target for Roblox (NYSE:RBLX) from $159.00 to $173.00, indicating a potential upside of 34.56% from the current price.
• A total of twenty research analysts have given Roblox a buy rating, contributing to an overall average rating of "Moderate Buy" with an average target price of $123.46.
• Roblox reported a revenue of $1.44 billion for the latest quarter, surpassing expectations, although it experienced a loss of ($0.41) earnings per share, missing estimates by $0.04.

Roblox (NYSE:RBLX - Get Free Report) had its price objective lifted by BTIG Research from $159.00 to $173.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. BTIG Research's price target indicates a potential upside of 34.56% from the stock's current price.

RBLX has been the subject of a number of other research reports. Piper Sandler lifted their target price on shares of Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Bank of America lifted their target price on shares of Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a research note on Monday. Canaccord Genuity Group lifted their target price on shares of Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wolfe Research raised shares of Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Friday, August 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.46.

Roblox Trading Up 0.7%

NYSE RBLX opened at $128.56 on Tuesday. Roblox has a twelve month low of $37.50 and a twelve month high of $150.59. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $82.93 billion, a price-to-earnings ratio of -89.90 and a beta of 1.62. The firm's 50 day moving average price is $120.47 and its two-hundred day moving average price is $89.38.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The company's revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Roblox will post -1.49 EPS for the current year.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 454,963 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $100.61, for a total transaction of $45,773,827.43. Following the transaction, the chief executive officer owned 211,559 shares in the company, valued at approximately $21,284,950.99. The trade was a 68.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 150,000 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $99.75, for a total transaction of $14,962,500.00. Following the transaction, the insider owned 389,489 shares in the company, valued at approximately $38,851,527.75. The trade was a 27.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,053,908 shares of company stock valued at $216,385,384 in the last quarter. Insiders own 12.92% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Total Investment Management Inc. bought a new position in shares of Roblox during the 2nd quarter worth about $29,000. Whipplewood Advisors LLC bought a new position in shares of Roblox during the 2nd quarter worth about $34,000. ORG Partners LLC bought a new position in shares of Roblox during the 2nd quarter worth about $33,000. Generali Asset Management SPA SGR bought a new position in shares of Roblox during the 2nd quarter worth about $40,000. Finally, Kiker Wealth Management LLC increased its holdings in shares of Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock worth $43,000 after purchasing an additional 397 shares during the period. 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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