Roblox (NYSE:RBLX) Price Target Cut to $46.00 by Analysts at Barclays

Roblox (NYSE:RBLX) had its target price decreased by Barclays from $50.00 to $46.00 in a report published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms have also commented on RBLX. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Macquarie boosted their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday. Canaccord Genuity Group raised their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Raymond James restated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.19.

Roblox Stock Down 1.1 %

Shares of Roblox stock opened at $66.41 on Friday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $40.34 billion, a price-to-earnings ratio of -40.49 and a beta of 1.46. The firm’s 50-day moving average is $62.47 and its two-hundred day moving average is $50.62. Roblox has a 1 year low of $29.55 and a 1 year high of $75.74.

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 net margin of 30.90% and a negative return on equity of 986.36%. As a group, research analysts expect that Roblox will post -1.56 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other news, Director Anthony P. Lee sold 25,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $52.34, for a total value of $1,308,500.00. Following the sale, the director now directly owns 5,731,695 shares of the company’s stock, valued at $299,996,916.30. This represents a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Baszucki sold 138,555 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now directly owns 129,301 shares of the company’s stock, valued at approximately $9,260,537.62. This trade represents a 51.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,306,335 shares of company stock worth $77,348,316 over the last quarter. Insiders own 22.15% of the company’s stock.

Institutional Trading of Roblox

A number of hedge funds have recently modified their holdings of RBLX. Simon Quick Advisors LLC lifted its holdings in Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after acquiring an additional 217 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the period. Impact Partnership Wealth LLC boosted its holdings in Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after buying an additional 245 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in Roblox by 3.8% during the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after buying an additional 245 shares during the period. Hedge funds and other 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.