Roblox (NYSE:RBLX) Reaches New 1-Year High - Should You Buy?

Roblox Co. (NYSE:RBLX - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $85.46 and last traded at $84.78, with a volume of 2350757 shares traded. The stock had previously closed at $82.26.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a research report on Friday, February 7th. Needham & Company LLC reiterated a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. Oppenheimer upped their price target on shares of Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. BMO Capital Markets reiterated an "outperform" rating and issued a $95.00 price target (up from $82.00) on shares of Roblox in a research report on Friday. Finally, Morgan Stanley dropped their price target on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.86.

Roblox Trading Up 2.6%

The company has a market cap of $59.01 billion, a PE ratio of -60.00 and a beta of 1.46. The stock's 50 day moving average is $67.73 and its 200-day moving average is $62.86. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Roblox's revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. As a group, sell-side analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity at Roblox

In related news, insider Manuel Bronstein sold 22,513 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $82.01, for a total transaction of $1,846,291.13. Following the sale, the insider now owns 519,619 shares of the company's stock, valued at $42,613,954.19. This represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Guthrie sold 50,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the transaction, the chief financial officer now owns 395,465 shares in the company, valued at $23,783,265.10. This trade represents a 11.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,532,039 shares of company stock valued at $177,792,818 over the last 90 days. 12.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd increased its position in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares during the last quarter. Larson Financial Group LLC increased its position in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after acquiring an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox during the first quarter valued at $39,000. Colonial Trust Co SC bought a new position in Roblox during the fourth quarter valued at $41,000. Finally, Parkside Financial Bank & Trust increased its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

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.