Roblox (NYSE:RBLX) Upgraded at Oppenheimer

Roblox (NYSE:RBLX) was upgraded by investment analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm presently has a $70.00 price objective on the stock. Oppenheimer’s target price points to a potential upside of 22.70% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Morgan Stanley lifted their target price on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Moffett Nathanson downgraded Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a research note on Friday, February 7th. Citigroup lifted their target price on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. CICC Research started coverage on Roblox in a report on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $83.00 price target on shares of Roblox in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.22.

Roblox Stock Down 0.5 %

Shares of Roblox stock opened at $57.05 on Thursday. The company has a market capitalization of $35.85 billion, a PE ratio of -39.34 and a beta of 1.49. Roblox has a 1-year low of $29.55 and a 1-year high of $75.74. The business has a 50-day moving average of $60.82 and a 200-day moving average of $56.13. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last posted 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 return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities analysts forecast that Roblox will post -1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 229,167 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the completion of the sale, the chief executive officer now owns 221,983 shares of the company’s stock, valued at approximately $11,649,667.84. This trade represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,232,833 shares of company stock worth $76,827,466 in the last three months. 22.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roblox

Several hedge funds have recently bought and sold shares of RBLX. Toronto Dominion Bank grew its stake in Roblox by 34.3% during the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after purchasing an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC boosted its position in Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Roblox in the fourth quarter worth about $363,000. Silicon Valley Capital Partners increased its stake in shares of Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after purchasing an additional 66,882 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in Roblox by 320.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after acquiring an additional 1,971 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

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.