Brokerages Set Roblox Corporation (NYSE:RBLX) Price Target at $136.41

Roblox Corporation (NYSE:RBLX) has been assigned an average rating of “Moderate Buy” from the thirty-one brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $136.4074.

Several analysts have weighed in on RBLX shares. BTIG Research dropped their price target on Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Piper Sandler set a $130.00 target price on Roblox in a research report on Friday, October 31st. Bank of America raised their price target on shares of Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Citigroup lifted their price objective on shares of Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Arete Research set a $116.00 price objective on shares of Roblox in a research note on Tuesday, September 9th.

Insider Buying and Selling

In related news, CEO David Baszucki sold 66,896 shares of Roblox stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $104.53, for a total transaction of $6,992,638.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $112.99, for a total value of $677,940.00. Following the completion of the transaction, the insider directly owned 266,642 shares of the company’s stock, valued at $30,127,879.58. The trade was a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 297,297 shares of company stock worth $34,932,463. Corporate insiders own 12.92% of the company’s stock.

Hedge Funds Weigh In On Roblox

Several large investors have recently made changes to their positions in RBLX. Nuveen LLC acquired a new position in Roblox during the 1st quarter worth about $70,254,000. Fox Run Management L.L.C. lifted its position in shares of Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock worth $709,000 after purchasing an additional 4,390 shares in the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in shares of Roblox during the second quarter worth about $2,779,000. Teacher Retirement System of Texas boosted its stake in shares of Roblox by 14.5% in the second quarter. Teacher Retirement System of Texas now owns 81,314 shares of the company’s stock valued at $8,554,000 after purchasing an additional 10,325 shares during the period. Finally, Long Corridor Asset Management Ltd acquired a new position in shares of Roblox in the first quarter valued at approximately $4,372,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

Shares of Roblox stock opened at $101.91 on Wednesday. The company has a 50 day moving average price of $124.69 and a 200 day moving average price of $112.96. The firm has a market capitalization of $66.74 billion, a P/E ratio of -71.27 and a beta of 1.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox has a 52 week low of $47.95 and a 52 week high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The business’s quarterly revenue was up 70.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts expect that Roblox will post -1.49 EPS for the current year.

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.