Roblox (NYSE:RBLX) Sets New 12-Month High - Still a Buy?

Roblox Corporation (NYSE:RBLX - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $107.40 and last traded at $107.19, with a volume of 3322327 shares. The stock had previously closed at $103.59.

Analyst Ratings Changes

RBLX has been the topic of several recent research reports. Canaccord Genuity Group increased their price objective on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price target on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. BMO Capital Markets restated an "outperform" rating and set a $95.00 price objective (up from $82.00) on shares of Roblox in a research report on Friday, May 30th. FBN Securities started 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. Finally, BTIG Research upped their target price on Roblox from $73.00 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.52.

Roblox Stock Performance

The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $72.60 billion, a price-to-earnings ratio of -80.09 and a beta of 1.60. The firm has a fifty day moving average of $88.07 and a 200 day moving average of $70.83.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly 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. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The company's quarterly revenue was up 30.6% on a year-over-year basis. During the same period last year, the business posted ($0.43) earnings per share. As a group, sell-side analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $103.89, for a total transaction of $6,856,740.00. Following the sale, the director owned 284,488 shares in the company, valued at approximately $29,555,458.32. The trade was a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Baszucki sold 139,507 shares of Roblox stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $105.19, for a total value of $14,674,741.33. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at $22,253,891.21. This represents a 39.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,639,690 shares of company stock worth $592,114,022 over the last ninety days. Corporate insiders own 12.92% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd increased its holdings in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox in the first quarter worth approximately $39,000. Colonial Trust Co SC acquired a new position in Roblox in the fourth quarter worth approximately $41,000. Finally, Rakuten Securities Inc. boosted its stake in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

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.

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