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

Shares of Roblox Co. (NYSE:RBLX) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $55.30.

Several equities research analysts have commented on the company. BTIG Research boosted their target price on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company increased their target price on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Canaccord Genuity Group lifted their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their price objective on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Benchmark lifted their target price on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

Roblox Price Performance

NYSE RBLX opened at $50.13 on Wednesday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox has a 52-week low of $29.55 and a 52-week high of $55.10. The business has a 50 day simple moving average of $46.35 and a 200 day simple moving average of $41.59. The stock has a market cap of $30.46 billion, a price-to-earnings ratio of -30.57 and a beta of 1.56.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.45) earnings per share. Analysts anticipate that Roblox will post -1.56 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now owns 91,062 shares in the company, valued at approximately $4,817,179.80. The trade was a 2.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Arvind Chakravarthy sold 14,269 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $49.43, for a total transaction of $705,316.67. Following the sale, the insider now owns 244,803 shares of the company’s stock, valued at approximately $12,100,612.29. This trade represents a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,013,607 shares of company stock valued at $48,434,122. Insiders own 22.15% of the company’s stock.

Institutional Trading of Roblox

A number of institutional investors have recently bought and sold shares of RBLX. Advisors Asset Management Inc. boosted its holdings in shares of Roblox by 31.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,780 shares of the company’s stock worth $106,000 after buying an additional 672 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Roblox by 22.7% in the first quarter. Janus Henderson Group PLC now owns 49,520 shares of the company’s stock worth $1,890,000 after purchasing an additional 9,159 shares during the period. California State Teachers Retirement System increased its stake in Roblox by 0.8% in the first quarter. California State Teachers Retirement System now owns 669,967 shares of the company’s stock valued at $25,579,000 after purchasing an additional 5,621 shares in the last quarter. Swedbank AB acquired a new position in shares of Roblox during the first quarter valued at about $2,024,000. Finally, Cetera Advisors LLC boosted its position in shares of Roblox by 45.2% during the 1st quarter. Cetera Advisors LLC now owns 17,279 shares of the company’s stock worth $660,000 after purchasing an additional 5,377 shares in the last quarter. Institutional investors own 91.08% 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.