Roblox (RBLX) – Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Roblox (NYSE: RBLX) recently:

  • 11/21/2022 – Roblox had its price target lowered by analysts at Citigroup Inc. from $55.00 to $48.00. They now have a “buy” rating on the stock.
  • 11/15/2022 – Roblox had its price target lowered by analysts at Cowen Inc. to $27.00.
  • 11/14/2022 – Roblox had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $52.00 to $45.00. They now have a “buy” rating on the stock.
  • 11/11/2022 – Roblox had its price target lowered by analysts at MKM Partners from $40.00 to $35.00.
  • 11/10/2022 – Roblox had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $28.00 to $24.00. They now have a “sell” rating on the stock.
  • 11/10/2022 – Roblox was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $35.00 price target on the stock, down previously from $53.00.
  • 11/10/2022 – Roblox had its price target lowered by analysts at Needham & Company LLC from $53.00 to $47.00. They now have a “buy” rating on the stock.
  • 11/10/2022 – Roblox had its price target lowered by analysts at DA Davidson from $55.00 to $50.00.
  • 11/9/2022 – Roblox had its price target lowered by analysts at Piper Sandler from $54.00 to $50.00. They now have an “overweight” rating on the stock.
  • 11/9/2022 – Roblox had its price target lowered by analysts at Wedbush from $36.00 to $33.00.
  • 10/26/2022 – Roblox is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $54.00 price target on the stock.
  • 10/26/2022 – Roblox is now covered by analysts at DA Davidson. They set a “buy” rating and a $55.00 price target on the stock.
  • 10/18/2022 – Roblox had its price target raised by analysts at Morgan Stanley from $32.00 to $35.00. They now have an “equal weight” rating on the stock.
  • 10/18/2022 – Roblox had its price target lowered by analysts at Stifel Nicolaus from $50.00 to $48.00. They now have a “buy” rating on the stock.
  • 10/14/2022 – Roblox had its price target lowered by analysts at Jefferies Financial Group Inc. from $43.00 to $40.00. They now have a “hold” rating on the stock.
  • 10/13/2022 – Roblox had its price target lowered by analysts at BTIG Research from $58.00 to $51.00. They now have a “buy” rating on the stock.
  • 10/11/2022 – Roblox is now covered by analysts at Barclays PLC. They set an “underweight” rating and a $20.00 price target on the stock.
  • 10/3/2022 – Roblox is now covered by analysts at Moffett Nathanson. They set an “underperform” rating and a $19.00 price target on the stock.

Roblox Price Performance

Roblox stock traded up $1.16 on Thursday, reaching $32.00. The company’s stock had a trading volume of 11,847,939 shares, compared to its average volume of 15,883,576. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $17.58 billion, a price-to-earnings ratio of -24.24 and a beta of 1.87. The business’s fifty day moving average price is $38.20 and its 200 day moving average price is $37.53. Roblox Co. has a twelve month low of $21.65 and a twelve month high of $137.71.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 2,976 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $30.14, for a total value of $89,696.64. Following the completion of the sale, the chief accounting officer now owns 93,923 shares in the company, valued at $2,830,839.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Roblox news, CAO Amy Marie Rawlings sold 2,976 shares of Roblox stock in a transaction on Monday, November 21st. The shares were sold at an average price of $30.14, for a total value of $89,696.64. Following the sale, the chief accounting officer now directly owns 93,923 shares in the company, valued at approximately $2,830,839.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Barbara Messing sold 21,622 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $45.04, for a total value of $973,854.88. Following the completion of the transaction, the insider now owns 152,936 shares of the company’s stock, valued at approximately $6,888,237.44. The disclosure for this sale can be found here. Insiders sold a total of 58,457 shares of company stock worth $2,187,836 over the last 90 days. 28.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. IHT Wealth Management LLC boosted its position in Roblox by 76.2% during the third quarter. IHT Wealth Management LLC now owns 16,941 shares of the company’s stock valued at $607,000 after purchasing an additional 7,327 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Roblox in the third quarter valued at approximately $4,950,000. D L Carlson Investment Group Inc. acquired a new stake in shares of Roblox in the third quarter valued at approximately $5,800,000. National Pension Service acquired a new stake in shares of Roblox in the third quarter valued at approximately $20,411,000. Finally, CENTRAL TRUST Co lifted its holdings in Roblox by 839.9% during the 3rd quarter. CENTRAL TRUST Co now owns 4,784 shares of the company’s stock worth $171,000 after purchasing an additional 4,275 shares during the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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