Roblox's (RBLX) "Outperform" Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of Roblox (NYSE:RBLX - Free Report) in a research report released on Friday,Benzinga reports. The firm currently has a $95.00 target price on the stock, up from their prior target price of $82.00.

A number of other research firms also recently commented on RBLX. Wells Fargo & Company increased their price objective on shares of Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Moffett Nathanson cut shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 target price on the stock. Needham & Company LLC reissued a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Finally, Oppenheimer increased their target price on shares of Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $70.86.

Roblox Stock Up 2.6%

NYSE RBLX traded up $2.21 during trading hours on Friday, reaching $87.00. 14,082,697 shares of the company traded hands, compared to its average volume of 7,764,300. Roblox has a 12 month low of $33.88 and a 12 month high of $87.16. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $59.01 billion, a PE ratio of -60.00 and a beta of 1.46. The company has a 50 day moving average of $67.73 and a two-hundred day moving average of $63.00.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted ($0.43) EPS. The firm's revenue was up 30.6% compared to the same quarter last year. As a group, equities analysts expect that Roblox will post -1.49 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 50,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $84.64, for a total transaction of $4,232,000.00. Following the transaction, the insider now owns 389,489 shares of the company's stock, valued at approximately $32,966,348.96. This trade represents a 11.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 229,167 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $11,649,667.84. The trade was a 50.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,532,039 shares of company stock valued at $177,792,818. Company insiders own 12.92% of the company's stock.

Hedge Funds Weigh In On Roblox

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after buying an additional 4,400,624 shares during the period. FMR LLC boosted its position in shares of Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Roblox by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock valued at $504,387,000 after purchasing an additional 6,007,322 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

About Roblox

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.