Roblox Corporation (NYSE:RBLX) Receives $119.44 Average PT from Analysts

Shares of Roblox Corporation (NYSE:RBLX) have received an average rating of “Moderate Buy” from the twenty-seven ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $119.44.

RBLX has been the subject of several recent analyst reports. Canaccord Genuity Group decreased their target price on Roblox from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. UBS Group set a $74.00 price objective on Roblox in a research note on Friday, February 6th. B. Riley Financial initiated coverage on Roblox in a research note on Tuesday, December 9th. They set a “buy” rating and a $125.00 target price on the stock. Wolfe Research set a $100.00 target price on Roblox in a report on Monday, January 5th. Finally, Macquarie Infrastructure increased their price target on shares of Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 60,000 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the completion of the sale, the insider directly owned 394,322 shares in the company, valued at approximately $25,212,948.68. This trade represents a 13.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Baszucki sold 10,834 shares of Roblox stock in a transaction on Friday, February 20th. The shares were sold at an average price of $61.63, for a total value of $667,699.42. Following the sale, the chief executive officer directly owned 800,539 shares of the company’s stock, valued at approximately $49,337,218.57. The trade was a 1.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 769,144 shares of company stock worth $57,789,280. Insiders own 12.92% of the company’s stock.

Institutional Investors Weigh In On Roblox

A number of hedge funds and other institutional investors have recently made changes to their positions in RBLX. National Pension Service lifted its holdings in Roblox by 7.3% in the 3rd quarter. National Pension Service now owns 1,697,820 shares of the company’s stock worth $235,182,000 after purchasing an additional 115,096 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Roblox by 2.6% in the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after purchasing an additional 1,513,608 shares during the period. SG Americas Securities LLC lifted its stake in shares of Roblox by 298.4% in the third quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock worth $45,617,000 after buying an additional 246,652 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Roblox in the second quarter worth $120,041,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in Roblox in the 3rd quarter valued at $2,895,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Performance

Shares of RBLX opened at $67.09 on Friday. The company has a 50-day moving average of $74.51 and a two-hundred day moving average of $102.59. The stock has a market cap of $44.39 billion, a price-to-earnings ratio of -43.29 and a beta of 1.63. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. Roblox has a one year low of $50.10 and a one year high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.04. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm earned ($0.33) EPS. The firm’s quarterly revenue was up 122.6% on a year-over-year basis. On average, equities research analysts expect that Roblox will post -1.49 earnings per share for the current year.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.