Roblox Co. (NYSE:RBLX) Receives Consensus Rating of “Moderate Buy” from Analysts

Roblox Co. (NYSE:RBLX) has earned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $55.67.

Several analysts have weighed in on the company. Barclays boosted their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Needham & Company LLC increased their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler raised their price target on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Benchmark raised their target price on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Roblox Stock Performance

RBLX opened at $59.45 on Friday. The company has a market cap of $36.12 billion, a P/E ratio of -36.25 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm’s 50-day moving average price is $52.65 and its 200-day moving average price is $44.99. Roblox has a 52-week low of $29.55 and a 52-week high of $61.77.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.45) earnings per share. As a group, equities analysts anticipate that Roblox will post -1.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, insider Manuel Bronstein sold 37,846 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.03, for a total transaction of $1,969,127.38. Following the completion of the sale, the insider now directly owns 674,259 shares in the company, valued at approximately $35,081,695.77. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 16,480 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total value of $847,566.40. Following the transaction, the insider now directly owns 278,161 shares of the company’s stock, valued at $14,305,820.23. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,284,601 shares of company stock worth $66,867,735. Company insiders own 22.15% of the company’s stock.

Institutional Investors Weigh In On Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. Impact Partnership Wealth LLC lifted its stake in shares of Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after buying an additional 245 shares in the last quarter. Metis Global Partners LLC raised its holdings in Roblox by 5.0% in the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after acquiring an additional 288 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Roblox by 5.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock valued at $296,000 after acquiring an additional 321 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in Roblox by 0.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock worth $6,048,000 after purchasing an additional 380 shares in the last quarter. Finally, Commerce Bank boosted its holdings in shares of Roblox by 5.7% during the 3rd quarter. Commerce Bank now owns 7,360 shares of the company’s stock worth $326,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.