Roblox (NYSE:RBLX - Free Report) had its target price upped by JPMorgan Chase & Co. from $100.00 to $120.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.
A number of other research analysts also recently commented on the stock. Wedbush reaffirmed a "hold" rating on shares of Roblox in a research report on Monday, June 16th. Needham & Company LLC restated a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Morgan Stanley decreased their target price on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Piper Sandler reaffirmed an "overweight" rating and issued a $105.00 price objective (up previously from $85.00) on shares of Roblox in a research note on Thursday, June 5th. Finally, Macquarie increased their target price on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $83.52.
View Our Latest Stock Report on Roblox
Roblox Price Performance
Shares of NYSE:RBLX traded up $1.17 during trading on Monday, reaching $103.57. The company had a trading volume of 3,215,401 shares, compared to its average volume of 8,041,105. The firm's fifty day moving average is $86.58 and its 200 day moving average is $70.08. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $70.25 billion, a PE ratio of -77.29 and a beta of 1.60. Roblox has a twelve month low of $35.30 and a twelve month high of $106.17.
Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company posted ($0.43) EPS. The business's revenue was up 30.6% compared to the same quarter last year. On average, equities analysts forecast that Roblox will post -1.49 EPS for the current year.
Insider Buying and Selling
In other Roblox news, CEO David Baszucki sold 1,375,002 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $72.19, for a total value of $99,261,394.38. Following the transaction, the chief executive officer owned 221,983 shares in the company, valued at approximately $16,024,952.77. The trade was a 86.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 6,868,857 shares of company stock valued at $604,140,707. 12.92% of the stock is owned by insiders.
Institutional Trading of Roblox
A number of hedge funds have recently modified their holdings of RBLX. AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Roblox in the first quarter worth approximately $1,088,000. Strs Ohio bought a new stake in Roblox during the first quarter valued at approximately $836,000. Acadian Asset Management LLC increased its stake in shares of Roblox by 10.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,405,813 shares of the company's stock worth $81,921,000 after purchasing an additional 132,051 shares in the last quarter. IFM Investors Pty Ltd increased its position in Roblox by 1.0% in the first quarter. IFM Investors Pty Ltd now owns 86,755 shares of the company's stock worth $5,057,000 after buying an additional 817 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in Roblox during the 1st quarter worth approximately $728,000. Institutional investors own 94.46% of the company's stock.
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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