Roblox (NYSE:RBLX) Given New $100.00 Price Target at JPMorgan Chase & Co.

Roblox (NYSE:RBLXFree Report) had its price objective boosted by JPMorgan Chase & Co. from $80.00 to $100.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research report on Thursday, April 24th. Citigroup reiterated a “buy” rating and issued a $100.00 target price (up previously from $85.00) on shares of Roblox in a research report on Thursday, May 29th. The Goldman Sachs Group increased their target price on shares of Roblox from $63.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Benchmark increased their target price on shares of Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, Oppenheimer increased their target price on shares of Roblox from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.14.

View Our Latest Report on Roblox

Roblox Stock Down 0.0%

Roblox stock opened at $89.94 on Tuesday. The company has a 50-day simple moving average of $68.92 and a 200-day simple moving average of $63.46. The firm has a market capitalization of $61.01 billion, a P/E ratio of -62.03 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox has a one year low of $33.90 and a one year high of $90.41.

Roblox (NYSE:RBLXGet Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. As a group, equities analysts expect that Roblox will post -1.49 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 6,391 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total transaction of $515,498.06. Following the completion of the sale, the chief accounting officer now directly owns 73,931 shares of the company’s stock, valued at approximately $5,963,274.46. This represents a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total value of $347,940.00. Following the completion of the transaction, the insider now owns 364,244 shares in the company, valued at $21,122,509.56. This represents a 1.62% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,339,985 shares of company stock valued at $167,093,322. 12.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Roblox

A number of large investors have recently made changes to their positions in RBLX. FMR LLC increased its holdings in shares of Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares during the period. Wealthfront Advisers LLC increased its holdings in shares of Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. AQR Capital Management LLC increased its holdings in shares of Roblox by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after purchasing an additional 6,007,322 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock valued at $278,500,000 after purchasing an additional 4,406,885 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

About Roblox

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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.

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Analyst Recommendations for Roblox (NYSE:RBLX)

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