Roblox (NYSE:RBLX) Stock Price Expected to Rise, Macquarie Analyst Says

Roblox (NYSE:RBLX) had its target price increased by Macquarie from $71.00 to $76.00 in a report released on Friday morning,Benzinga reports. Macquarie currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Barclays lifted their price target on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Wedbush reissued an “outperform” rating and issued a $49.00 target price on shares of Roblox in a research note on Friday, October 25th. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft increased their target price on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Price Performance

NYSE:RBLX opened at $66.41 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox has a 12-month low of $29.55 and a 12-month high of $75.74. The stock’s fifty day simple moving average is $62.47 and its 200-day simple moving average is $50.62.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, equities analysts predict that Roblox will post -1.4 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 333,334 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the completion of the sale, the chief executive officer now directly owns 129,295 shares in the company, valued at $7,409,896.45. This trade represents a 72.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael Guthrie sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $52.07, for a total value of $2,082,800.00. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares in the company, valued at $18,372,587.08. The trade was a 10.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,306,335 shares of company stock worth $77,348,316 over the last 90 days. Company insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new stake in shares of Roblox in the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC raised its holdings in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the period. GAMMA Investing LLC grew its holdings in shares of Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the period. 94.46% of the stock is owned by institutional investors.

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.