Roblox Corporation (NYSE:RBLX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Roblox Corporation (NYSE:RBLX) has received a consensus recommendation of “Moderate Buy” from the thirty analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nineteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $136.5385.

A number of analysts have recently issued reports on RBLX shares. Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Wells Fargo & Company dropped their target price on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, October 31st. JPMorgan Chase & Co. decreased their price target on Roblox from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Arete Research set a $116.00 price objective on Roblox in a research report on Tuesday, September 9th. Finally, Bank of America increased their target price on Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday, September 8th.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 10,584 shares of Roblox stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $95.24, for a total value of $1,008,020.16. Following the sale, the chief executive officer directly owned 190,574 shares in the company, valued at approximately $18,150,267.76. The trade was a 5.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the completion of the sale, the director owned 261,388 shares in the company, valued at approximately $24,188,845.52. The trade was a 20.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 382,508 shares of company stock worth $40,838,541. Insiders own 12.92% of the company’s stock.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently added to or reduced their stakes in RBLX. Cetera Investment Advisers raised its holdings in shares of Roblox by 10.7% during the 1st quarter. Cetera Investment Advisers now owns 34,183 shares of the company’s stock worth $1,993,000 after acquiring an additional 3,296 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Roblox by 15.8% in the first quarter. Blair William & Co. IL now owns 11,169 shares of the company’s stock valued at $651,000 after purchasing an additional 1,527 shares in the last quarter. Vanguard Group Inc. increased its position in Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in Roblox during the first quarter valued at $1,942,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Roblox by 8.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,323,611 shares of the company’s stock valued at $135,443,000 after purchasing an additional 175,770 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Up 1.1%

RBLX stock opened at $96.28 on Friday. The business’s 50-day moving average price is $113.97 and its 200-day moving average price is $114.29. The stock has a market cap of $63.05 billion, a P/E ratio of -67.33 and a beta of 1.62. 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 twelve month low of $50.10 and a twelve month high of $150.59.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm posted ($0.37) EPS. The firm’s quarterly revenue was up 70.3% compared to the same quarter last year. On average, equities research analysts forecast that Roblox will post -1.49 EPS for the current year.

Roblox Company Profile

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.