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

Roblox Co. (NYSE:RBLX) has received a consensus rating of “Moderate Buy” from the twenty-five research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $64.19.

A number of research firms have weighed in on RBLX. Wedbush restated an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Needham & Company LLC lifted their target price on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Macquarie boosted their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Benchmark raised their price objective on shares of Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, February 7th.

Insider Transactions at Roblox

In related news, CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction that occurred on 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 owns 417,079 shares of the company’s stock, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the sale, the insider now owns 278,161 shares of the company’s stock, valued at $16,620,119.75. This represents a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 961,255 shares of company stock valued at $62,394,678 over the last three months. 22.15% of the stock is owned by corporate insiders.

Institutional Trading of Roblox

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its stake in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its position in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after buying an additional 240 shares in the last quarter. Frazier Financial Advisors LLC increased its stake in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the period. Colonial Trust Co SC acquired a new position in Roblox in the 4th quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust raised its holdings in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $58.45 on Friday. The stock has a market cap of $36.18 billion, a P/E ratio of -40.31 and a beta of 1.49. The firm’s 50-day simple moving average is $64.28 and its 200 day simple moving average is $53.79. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Equities analysts expect that Roblox will post -1.49 EPS 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.