Roblox Co. (NYSE:RBLX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Roblox Co. (NYSE:RBLX) have earned a consensus rating of “Moderate Buy” from the twenty-five ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $68.68.

Several research analysts have weighed in on the company. Barclays lifted their target price on Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Roth Mkm upped their price objective on shares of Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Wells Fargo & Company raised their target price on shares of Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their target price on shares of Roblox from $63.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, May 14th.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 1,445 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $60.50, for a total value of $87,422.50. Following the sale, the chief executive officer now owns 122,853 shares of the company’s stock, valued at $7,432,606.50. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 6,391 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total transaction of $515,498.06. Following the transaction, the chief accounting officer now directly owns 73,931 shares of the company’s stock, valued at approximately $5,963,274.46. This trade represents a 7.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,461,953 shares of company stock valued at $171,862,106. 12.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Roblox

A number of institutional investors and hedge funds have recently bought and sold shares of RBLX. FMR LLC increased its position in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC increased its position in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. AQR Capital Management LLC raised its stake in Roblox by 217.4% in 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 during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock valued at $278,500,000 after purchasing an additional 4,406,885 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Trading Up 0.6%

Shares of Roblox stock opened at $82.26 on Wednesday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market capitalization of $51.82 billion, a P/E ratio of -56.73 and a beta of 1.46. Roblox has a 1 year low of $32.30 and a 1 year high of $83.04. The company’s fifty day moving average is $65.26 and its two-hundred day moving average is $61.90.

Roblox (NYSE:RBLX) last announced its 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. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. Analysts forecast that Roblox will post -1.49 earnings per share for the current year.

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.