Analysts Set Roblox Corporation (NYSE:RBLX) Target Price at $136.54

Shares of Roblox Corporation (NYSE:RBLX) have received an average recommendation of “Moderate Buy” from the thirty-one brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and twenty have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $136.3846.

RBLX has been the subject of a number of research reports. Arete Research set a $116.00 target price on shares of Roblox in a research report on Tuesday, September 9th. Barclays upped their price objective on Roblox from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Cowen reissued a “sell” rating on shares of Roblox in a research report on Monday, August 18th. UBS Group set a $99.00 target price on Roblox in a research note on Tuesday. Finally, Wells Fargo & Company cut their price target on Roblox from $155.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, October 31st.

Insider Activity

In other news, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $136.33, for a total value of $8,997,780.00. Following the completion of the transaction, the director owned 270,628 shares in the company, valued at $36,894,715.24. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Baszucki sold 66,896 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $104.53, for a total transaction of $6,992,638.88. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 382,508 shares of company stock valued at $40,838,541. 12.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roblox

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of Roblox by 217.4% in the first 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. Vanguard Group Inc. lifted its holdings in Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares in the last quarter. Norges Bank bought a new position in Roblox in the 2nd quarter worth about $350,720,000. Ieq Capital LLC grew its holdings in 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 buying an additional 2,297,350 shares in the last quarter. Finally, Amundi grew its holdings in Roblox by 55.5% during the 1st quarter. Amundi now owns 4,960,806 shares of the company’s stock valued at $288,818,000 after buying an additional 1,769,669 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Trading Up 1.4%

NYSE RBLX opened at $99.02 on Friday. The business’s fifty day moving average is $112.29 and its 200-day moving average is $114.75. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $64.84 billion, a price-to-earnings ratio of -69.25 and a beta of 1.62. Roblox has a one year low of $50.10 and a one year high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.07. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm’s revenue for the quarter was up 70.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.37) earnings per share. Equities research analysts predict that Roblox will post -1.49 EPS for the current year.

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.