Roblox Corporation (NYSE:RBLX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Roblox Corporation (NYSE:RBLX) have been given a consensus rating of “Moderate Buy” by the twenty-seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $119.44.

A number of research firms have weighed in on RBLX. BMO Capital Markets reiterated an “outperform” rating on shares of Roblox in a research report on Friday, February 6th. B. Riley Financial assumed coverage on shares of Roblox in a research report on Tuesday, December 9th. They issued a “buy” rating and a $125.00 price objective on the stock. Wolfe Research set a $100.00 target price on Roblox in a research report on Monday, January 5th. Canaccord Genuity Group reduced their price target on Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Finally, Piper Sandler reissued an “overweight” rating and set a $100.00 price target (down from $125.00) on shares of Roblox in a research note on Friday, February 6th.

Insider Activity

In other Roblox news, insider Mark Reinstra sold 60,000 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $63.94, for a total value of $3,836,400.00. Following the completion of the sale, the insider directly owned 394,322 shares of the company’s stock, valued at $25,212,948.68. The trade was a 13.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 272,269 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the transaction, the chief executive officer directly owned 811,373 shares in the company, valued at approximately $58,954,362.18. This trade represents a 25.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 758,310 shares of company stock valued at $57,121,581. Insiders own 12.92% of the company’s stock.

Institutional Investors Weigh In On Roblox

Several hedge funds have recently made changes to their positions in the company. WPG Advisers LLC grew its stake in Roblox by 17.8% during the 3rd quarter. WPG Advisers LLC now owns 555 shares of the company’s stock valued at $77,000 after purchasing an additional 84 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after buying an additional 102 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after buying an additional 105 shares during the last quarter. Lido Advisors LLC grew its position in shares of Roblox by 1.3% during the second quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock worth $897,000 after buying an additional 106 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Roblox by 2.8% in the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after buying an additional 110 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Trading Up 2.5%

Shares of NYSE RBLX opened at $64.62 on Friday. Roblox has a 1-year low of $50.10 and a 1-year high of $150.59. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50 day moving average is $75.93 and its two-hundred day moving average is $104.36. The stock has a market capitalization of $42.75 billion, a P/E ratio of -41.69 and a beta of 1.63.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the business earned ($0.33) EPS. The company’s quarterly revenue was up 122.6% on a year-over-year basis. As a group, research analysts expect that Roblox will post -1.49 EPS for the current year.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.