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.
View Our Latest Research Report on RBLX
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
(
Get Free Report)
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.
Further Reading
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