Roblox's (RBLX) Outperform Rating Reiterated at Oppenheimer

Roblox (NYSE:RBLX - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Oppenheimer in a note issued to investors on Wednesday,Benzinga reports. They presently have a $125.00 price target on the stock, up from their prior price target of $80.00. Oppenheimer's price objective would suggest a potential upside of 21.89% from the stock's previous close.

Several other brokerages also recently commented on RBLX. The Goldman Sachs Group increased their target price on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Citigroup reiterated an "overweight" rating on shares of Roblox in a research note on Monday. Macquarie raised their target price on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Morgan Stanley cut 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. Finally, Wedbush reissued a "hold" rating on shares of Roblox in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.04.

Roblox Trading Up 1.4%

Shares of RBLX stock traded up $1.43 during trading hours on Wednesday, reaching $102.55. The company's stock had a trading volume of 4,733,680 shares, compared to its average volume of 7,927,749. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox has a one year low of $34.62 and a one year high of $103.01. The stock has a market capitalization of $69.56 billion, a P/E ratio of -76.47 and a beta of 1.56. The firm's fifty day simple moving average is $76.84 and its 200 day simple moving average is $66.64.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the firm earned ($0.43) earnings per share. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. Equities research analysts expect that Roblox will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 60,047 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $95.97, for a total transaction of $5,762,710.59. Following the transaction, the chief executive officer now owns 211,559 shares of the company's stock, valued at approximately $20,303,317.23. This represents a 22.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the sale, the insider now directly owns 364,244 shares of the company's stock, valued at approximately $21,122,509.56. This trade represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,253,072 shares of company stock worth $436,291,786. 12.92% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RBLX. Gordian Capital Singapore Pte Ltd boosted its holdings in shares of 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 acquiring an additional 240 shares during the last quarter. Larson Financial Group LLC lifted its stake in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after buying an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Roblox during the 1st quarter worth approximately $39,000. Colonial Trust Co SC purchased a new stake in Roblox during the 4th quarter worth approximately $41,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

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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