Research Analysts’ Recent Ratings Updates for Roblox (RBLX)

Several analysts have recently updated their ratings and price targets for Roblox (NYSE: RBLX):

• 1/16/2025 – Roblox had its price target raised by analysts at Wells Fargo & Company from $58.00 to $76.00. They now have an “overweight” rating on the stock.
• 1/14/2025 – Roblox is now covered by analysts at CICC Research. They set an “outperform” rating on the stock.
• 1/13/2025 – Roblox had its price target raised by analysts at Morgan Stanley from $65.00 to $75.00. They now have an “overweight” rating on the stock.
• 1/10/2025 – Roblox had its price target raised by analysts at JPMorgan Chase & Co. from $62.00 to $72.00. They now have an “overweight” rating on the stock.
• 12/12/2024 – Roblox is now covered by analysts at HSBC Holdings plc. They set a “buy” rating and a $63.00 price target on the stock.

Roblox Price Performance

Shares of NYSE:RBLX opened at $65.98 on Thursday. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $66.86. The firm has a market capitalization of $40.09 billion, a price-to-earnings ratio of -40.23 and a beta of 1.43. The business’s 50 day simple moving average is $57.83 and its 200-day simple moving average is $48.21. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last announced its 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. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business posted ($0.45) earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 166,668 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the transaction, the chief executive officer now directly owns 135,755 shares in the company, valued at $5,722,073.25. This trade represents a 55.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the transaction, the chief accounting officer now owns 91,062 shares in the company, valued at $4,817,179.80. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,560,480 shares of company stock worth $85,513,870. Insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

A number of institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in shares of Roblox by 17.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 64,557 shares of the company’s stock worth $2,402,000 after acquiring an additional 9,665 shares in the last quarter. Amalgamated Bank boosted its stake in Roblox by 9.2% in the second quarter. Amalgamated Bank now owns 34,530 shares of the company’s stock valued at $1,285,000 after acquiring an additional 2,908 shares during the period. ProShare Advisors LLC grew its stake in Roblox by 22.0% during the 2nd quarter. ProShare Advisors LLC now owns 6,697 shares of the company’s stock worth $249,000 after buying an additional 1,206 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Roblox by 5.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 38,387 shares of the company’s stock worth $1,428,000 after acquiring an additional 2,000 shares during the period. Finally, Xponance Inc. increased its stake in shares of Roblox by 9.3% in the second quarter. Xponance Inc. now owns 89,046 shares of the company’s stock valued at $3,313,000 after purchasing an additional 7,592 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.