Roblox (NYSE:RBLX) Rating Reiterated by Stifel Nicolaus

Roblox (NYSE:RBLX)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a research note issued on Monday, Benzinga reports. They currently have a $53.00 target price on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 46.01% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Roth Mkm increased their target price on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Barclays raised shares of Roblox from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Wedbush increased their price target on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

Roblox Stock Performance

Roblox stock opened at $36.30 on Monday. The business has a 50 day moving average of $39.03 and a 200-day moving average of $39.01. Roblox has a 1 year low of $24.88 and a 1 year high of $47.20. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $21.46 billion, a P/E ratio of -19.41 and a beta of 1.64.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm posted ($0.48) earnings per share. The firm’s revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts predict that Roblox will post -2.1 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the transaction, the chief accounting officer now directly owns 96,125 shares in the company, valued at approximately $3,906,520. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the sale, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David Baszucki sold 200,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00. Following the sale, the chief executive officer now directly owns 1 shares of the company’s stock, valued at $44.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 699,374 shares of company stock worth $29,183,298. Corporate insiders own 22.15% of the company’s stock.

Institutional Investors Weigh In On Roblox

Several large investors have recently added to or reduced their stakes in RBLX. Allspring Global Investments Holdings LLC purchased a new stake in Roblox in the 4th quarter worth about $25,000. Blue Trust Inc. boosted its position in shares of Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after acquiring an additional 912 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Roblox during the 1st quarter valued at about $52,000. Allworth Financial LP boosted its position in shares of Roblox by 90.2% during the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after acquiring an additional 587 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in shares of Roblox during the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 91.08% 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.