Shares of Roblox Co. (NYSE:RBLX - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $88.59 and last traded at $87.60, with a volume of 1796479 shares trading hands. The stock had previously closed at $86.98.
Analysts Set New Price Targets
A number of research analysts have weighed in on RBLX shares. Oppenheimer raised their price target on Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. BMO Capital Markets reissued an "outperform" rating and set a $95.00 price target (up from $82.00) on shares of Roblox in a report on Friday, May 30th. Bank of America lifted their price target on Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday. Benchmark lifted their price target on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Barclays lifted their price objective on Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.91.
Get Our Latest Report on Roblox
Roblox Trading Up 3.3%
The company has a 50 day moving average of $69.56 and a two-hundred day moving average of $63.65. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock has a market capitalization of $63.82 billion, a PE ratio of -64.89 and a beta of 1.56.
Roblox (NYSE:RBLX - Get Free Report) last announced its 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. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.43) EPS. Sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current year.
Insider Buying and Selling at Roblox
In related news, CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $58.79, for a total value of $2,939,500.00. Following the completion of the transaction, the chief financial officer now owns 516,434 shares in the company, valued at $30,361,154.86. The trade was a 8.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 6,391 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total value of $515,498.06. Following the transaction, the chief accounting officer now owns 73,931 shares in the company, valued at $5,963,274.46. This represents a 7.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,354,101 shares of company stock worth $256,430,887. 12.92% of the stock is currently owned by insiders.
Institutional Trading of Roblox
Institutional investors and hedge funds have recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd increased its stake in shares of Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of 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. acquired a new position in shares of Roblox during the first quarter valued at approximately $39,000. Colonial Trust Co SC acquired a new position in shares of Roblox during the fourth quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of 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. Hedge funds and other institutional investors own 94.46% of the company's stock.
About Roblox
(
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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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