Roblox Co. (NYSE:RBLX) Receives $64.50 Average PT from Analysts

Shares of Roblox Co. (NYSE:RBLX) have earned an average rating of “Moderate Buy” from the twenty-six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research 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 on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $67.27.

A number of research firms recently commented on RBLX. Oppenheimer raised Roblox from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group lifted their price target on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Morgan Stanley decreased their target price on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Roth Mkm boosted their price target on Roblox from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Friday. Finally, FBN Securities started coverage on Roblox in a report on Friday, March 28th. They set a “sector perform” rating and a $65.00 price objective on the stock.

Roblox Stock Performance

NYSE:RBLX opened at $74.19 on Friday. 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 company has a market capitalization of $46.63 billion, a P/E ratio of -51.17 and a beta of 1.49. The firm has a 50-day moving average price of $59.73 and a two-hundred day moving average price of $58.37. Roblox has a twelve month low of $29.55 and a twelve month high of $75.74.

Roblox (NYSE:RBLX) last issued 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. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.43) EPS. As a group, research analysts expect that Roblox will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In related news, CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the sale, the chief financial officer now directly owns 417,079 shares of the company’s stock, valued at $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 229,167 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value 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. This represents a 50.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 764,399 shares of company stock valued at $45,431,661. 22.15% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roblox

A number of large investors have recently bought and sold shares of RBLX. Retirement Planning Co of New England Inc. acquired a new stake in shares of Roblox during the 1st quarter worth approximately $503,000. Forum Financial Management LP increased its position in Roblox by 16.7% in the first quarter. Forum Financial Management LP now owns 4,504 shares of the company’s stock worth $263,000 after buying an additional 643 shares during the period. Parcion Private Wealth LLC bought a new stake in Roblox in the first quarter valued at $303,000. Victory Capital Management Inc. boosted its holdings in shares of Roblox by 2.5% during the first quarter. Victory Capital Management Inc. now owns 164,787 shares of the company’s stock valued at $9,605,000 after acquiring an additional 3,971 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after acquiring an additional 516 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.