Roblox Corporation (NYSE:RBLX - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $107.40 and last traded at $107.19, with a volume of 3322327 shares traded. The stock had previously closed at $103.59.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on RBLX shares. The Goldman Sachs Group upped their price objective on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. BTIG Research upped their target price on Roblox from $73.00 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. FBN Securities began coverage on Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price target on the stock. BMO Capital Markets reissued an "outperform" rating and issued a $95.00 price objective (up from $82.00) on shares of Roblox in a report on Friday, May 30th. Finally, Roth Mkm lifted their target price on shares of 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, six have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.52.
Get Our Latest Stock Report on RBLX
Roblox Price Performance
The company has a 50-day moving average of $90.46 and a 200-day moving average of $71.64. The stock has a market capitalization of $71.23 billion, a price-to-earnings ratio of -78.37 and a beta of 1.60. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02.
Roblox (NYSE:RBLX - Get Free Report) last released its 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 analyst estimates of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The firm's quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.43) EPS. As a group, equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Roblox news, CEO David Baszucki sold 1,375,002 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $72.19, for a total value of $99,261,394.38. Following the sale, the chief executive officer directly owned 221,983 shares of the company's stock, valued at approximately $16,024,952.77. This trade represents a 86.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 6,645,690 shares of company stock valued at $592,729,502. Insiders own 12.92% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in Roblox by 15.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock worth $2,096,000 after purchasing an additional 4,760 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Roblox in the 1st quarter worth $890,000. Azzad Asset Management Inc. ADV purchased a new stake in Roblox during the first quarter valued at about $280,000. NewSquare Capital LLC increased its stake in Roblox by 2.7% during the first quarter. NewSquare Capital LLC now owns 115,121 shares of the company's stock worth $6,710,000 after acquiring an additional 3,065 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Roblox by 101.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 704,491 shares of the company's stock worth $40,762,000 after purchasing an additional 355,270 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
Roblox Company Profile
(
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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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