Roblox (NYSE:RBLX) Given New $80.00 Price Target at Macquarie

Roblox (NYSE:RBLX - Get Free Report) had its price objective increased by Macquarie from $76.00 to $80.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Macquarie's price objective suggests a potential upside of 13.94% from the stock's previous close.

RBLX has been the topic of several other research reports. FBN Securities began coverage on Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target on the stock. Wedbush reaffirmed an "outperform" rating and set a $83.00 price target on shares of Roblox in a research report on Thursday, April 24th. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. The Goldman Sachs Group increased their target price on shares of Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, Roth Mkm increased their price objective on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and an average target price of $67.91.

Roblox Stock Down 0.3 %

Shares of NYSE RBLX traded down $0.23 during mid-day trading on Monday, reaching $70.21. 3,256,164 shares of the company's stock were exchanged, compared to its average volume of 8,010,975. Roblox has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a market capitalization of $44.13 billion, a price-to-earnings ratio of -48.49 and a beta of 1.46. The business has a fifty day simple moving average of $60.31 and a 200 day simple moving average of $59.01.

Roblox (NYSE:RBLX - Get Free Report) last announced 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. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company posted ($0.43) EPS. The business's quarterly revenue was up 30.6% on a year-over-year basis. As a group, equities analysts expect that Roblox will post -1.49 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, CFO Michael Guthrie sold 26,154 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the sale, the chief financial officer now owns 417,079 shares of the company's stock, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David Baszucki sold 1,375,002 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the transaction, the chief executive officer now owns 221,983 shares of the company's stock, valued at $16,024,952.77. This trade represents a 86.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,164,386 shares of company stock worth $146,492,013. 22.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roblox

A number of institutional investors have recently added to or reduced their stakes in RBLX. NorthRock Partners LLC bought a new position in Roblox in the first quarter valued at $4,309,000. XTX Topco Ltd boosted its holdings in Roblox by 301.4% during the 1st quarter. XTX Topco Ltd now owns 74,017 shares of the company's stock valued at $4,314,000 after acquiring an additional 55,577 shares during the period. Banque Cantonale Vaudoise bought a new position in Roblox during the 1st quarter worth approximately $307,000. GSA Capital Partners LLP increased its stake in Roblox by 230.4% in the 1st quarter. GSA Capital Partners LLP now owns 13,320 shares of the company's stock worth $776,000 after purchasing an additional 9,289 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Roblox by 48.9% during the first quarter. Federated Hermes Inc. now owns 1,598,467 shares of the company's stock valued at $93,175,000 after purchasing an additional 524,690 shares during the period. 94.46% of the stock is currently owned by institutional investors.

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.