Roblox (NYSE:RBLX) Now Covered by FBN Securities

FBN Securities started coverage on shares of Roblox (NYSE:RBLX) in a report issued on Friday morning, Marketbeat.com reports. The firm issued a sector perform rating and a $65.00 target price on the stock.

Several other research firms also recently commented on RBLX. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Wells Fargo & Company upped their price target on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Citigroup raised their price objective on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Morgan Stanley upped their target price on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price target on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.23.

Roblox Stock Down 0.9 %

Shares of RBLX stock opened at $58.99 on Friday. Roblox has a 52-week low of $29.55 and a 52-week high of $75.74. The stock has a market cap of $36.51 billion, a price-to-earnings ratio of -40.68 and a beta of 1.49. The firm’s 50-day moving average is $63.22 and its 200-day moving average is $55.56. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Sell-side analysts predict that Roblox will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 34,099 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95. Following the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $12,664,130.15. This trade represents a 13.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 926,466 shares of company stock worth $60,212,297 over the last three months. Corporate insiders own 22.15% of the company’s stock.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after acquiring an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC raised its position in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. ValueAct Holdings L.P. boosted its stake in shares of Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after purchasing an additional 4,406,885 shares during the last quarter. Finally, Durable Capital Partners LP acquired a new position in shares of Roblox in the fourth quarter valued at approximately $246,560,000. Institutional investors own 94.46% of the company’s stock.

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.