Wedbush Reaffirms “Outperform” Rating for Roblox (NYSE:RBLX)

Roblox (NYSE:RBLX)‘s stock had its “outperform” rating reiterated by Wedbush in a report issued on Thursday,RTT News reports. They presently have a $165.00 price objective on the stock. Wedbush’s price target would indicate a potential upside of 29.13% from the stock’s current price.

A number of other research firms have also commented on RBLX. Wells Fargo & Company upped their price objective on shares of Roblox from $116.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. BTIG Research set a $131.00 target price on shares of Roblox and gave the stock a “buy” rating in a research note on Monday, July 28th. Piper Sandler increased their target price on shares of Roblox from $105.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Barclays increased their target price on shares of Roblox from $62.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.00.

Roblox Trading Down 1.6%

NYSE:RBLX opened at $127.78 on Thursday. The firm’s fifty day moving average is $120.00 and its 200-day moving average is $88.56. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox has a 52 week low of $37.50 and a 52 week high of $150.59. The firm has a market cap of $82.42 billion, a P/E ratio of -89.35 and a beta of 1.62.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company posted ($0.32) earnings per share. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Roblox will post -1.49 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, Director Anthony P. Lee sold 111,112 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Baszucki sold 454,963 shares of the firm’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $100.61, for a total transaction of $45,773,827.43. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at $21,284,950.99. This trade represents a 68.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,047,908 shares of company stock valued at $215,580,184. Corporate insiders own 12.92% of the company’s stock.

Institutional Trading of Roblox

Institutional investors and hedge funds have recently made changes to their positions in the company. Total Investment Management Inc. purchased a new stake in shares of Roblox in the second quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd raised its holdings in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of Roblox in the second quarter valued at about $33,000. Larson Financial Group LLC raised its holdings in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after purchasing an additional 516 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Roblox in the second quarter valued at about $34,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

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.