Roblox Co. (NYSE:RBLX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Roblox Co. (NYSE:RBLX) have received an average recommendation of “Moderate Buy” from the twenty-four brokerages that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $42.14.

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Roblox from $55.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 10th. BMO Capital Markets reissued an “outperform” rating and set a $56.00 target price (down from $57.00) on shares of Roblox in a research note on Monday, May 13th. Roth Capital lowered shares of Roblox from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Needham & Company LLC reduced their target price on shares of Roblox from $55.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Morgan Stanley reduced their price target on shares of Roblox from $42.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th.

Insider Activity

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $36.06, for a total value of $1,081,800.00. Following the transaction, the chief financial officer now owns 396,709 shares in the company, valued at approximately $14,305,326.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Mark Reinstra sold 4,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total transaction of $146,760.00. Following the completion of the sale, the insider now directly owns 359,453 shares of the company’s stock, valued at approximately $13,188,330.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $36.06, for a total transaction of $1,081,800.00. Following the sale, the chief financial officer now directly owns 396,709 shares of the company’s stock, valued at $14,305,326.54. The disclosure for this sale can be found here. Insiders have sold 414,221 shares of company stock worth $14,729,385 over the last 90 days. 22.15% of the stock is owned by company insiders.

Institutional Trading of Roblox

Several large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Roblox by 20.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,153 shares of the company’s stock valued at $207,000 after purchasing an additional 1,197 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Roblox by 7.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 10,821 shares of the company’s stock valued at $313,000 after buying an additional 733 shares in the last quarter. LPL Financial LLC raised its stake in shares of Roblox by 4.1% in the 3rd quarter. LPL Financial LLC now owns 138,890 shares of the company’s stock valued at $4,022,000 after buying an additional 5,455 shares in the last quarter. Mariner LLC raised its stake in shares of Roblox by 10.7% in the 3rd quarter. Mariner LLC now owns 50,238 shares of the company’s stock valued at $1,455,000 after buying an additional 4,848 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Roblox by 9.4% in the 3rd quarter. Stifel Financial Corp now owns 128,817 shares of the company’s stock valued at $3,731,000 after buying an additional 11,078 shares in the last quarter. 91.08% of the stock is owned by institutional investors.

Roblox Price Performance

RBLX opened at $37.21 on Friday. The company has a 50-day moving average of $35.01 and a 200-day moving average of $38.75. The company has a market capitalization of $22.00 billion, a P/E ratio of -20.01 and a beta of 1.58. Roblox has a 1-year low of $24.88 and a 1-year high of $47.20. The company has a debt-to-equity ratio of 16.04, a quick ratio of 1.07 and a current ratio of 1.07.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The business had revenue of $923.76 million during the quarter, compared to analyst estimates of $918.85 million. During the same period in the previous year, the business posted ($0.44) EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis. Equities analysts expect that Roblox will post -1.67 EPS for the current fiscal 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.