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

Shares of Roblox Co. (NYSE:RBLX) have received a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $55.67.

A number of equities research analysts recently issued reports on RBLX shares. Benchmark increased their target price on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays raised their target price on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Raymond James reiterated a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a research report on Friday, November 22nd. Macquarie raised their price objective on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Morgan Stanley raised shares of Roblox from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $65.00 in a report on Monday, November 4th.

Insider Transactions at Roblox

In other Roblox news, CFO Michael Guthrie sold 100,000 shares of Roblox stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $55.92, for a total value of $5,592,000.00. Following the completion of the sale, the chief financial officer now owns 331,187 shares of the company’s stock, valued at approximately $18,519,977.04. The trade was a 23.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Manuel Bronstein sold 44,888 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total value of $2,693,728.88. Following the transaction, the insider now directly owns 573,266 shares in the company, valued at $34,401,692.66. The trade was a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,290,601 shares of company stock valued at $66,829,345. Insiders own 22.15% of the company’s stock.

Institutional Investors Weigh In On Roblox

Hedge funds and other institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in Roblox during the third quarter valued at $27,000. Frazier Financial Advisors LLC raised its stake in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the period. PARK CIRCLE Co purchased a new position in shares of Roblox during the 2nd quarter valued at about $30,000. Strategic Financial Concepts LLC bought a new position in shares of Roblox during the 2nd quarter valued at approximately $33,000. Finally, GAMMA Investing LLC increased its holdings in Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Trading Up 2.0 %

NYSE RBLX opened at $60.11 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The business has a fifty day simple moving average of $50.75 and a 200 day simple moving average of $44.08. Roblox has a 12 month low of $29.55 and a 12 month high of $61.77. The firm has a market capitalization of $36.52 billion, a P/E ratio of -36.65 and a beta of 1.50.

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

About Roblox

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.