Roblox (NYSE:RBLX) Given New $70.00 Price Target at Roth Mkm

Roblox (NYSE:RBLX) had its target price increased by Roth Mkm from $54.00 to $70.00 in a report released on Monday morning,Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

RBLX has been the subject of several other reports. Canaccord Genuity Group lifted their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays lifted their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. CICC Research assumed coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. lifted their price target on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.81.

Roblox Trading Up 0.1 %

Shares of NYSE:RBLX opened at $67.16 on Monday. Roblox has a 52-week low of $29.55 and a 52-week high of $67.86. The stock has a market cap of $40.81 billion, a price-to-earnings ratio of -40.95 and a beta of 1.43. 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 business has a 50-day moving average price of $58.76 and a 200-day moving average price of $48.86.

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

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00. Following the sale, the insider now owns 281,161 shares in the company, valued at $18,525,698.29. The trade was a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the sale, the chief accounting officer now owns 91,062 shares in the company, valued at $4,817,179.80. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,417,812 shares of company stock worth $80,070,173. 22.15% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Choreo LLC boosted its position in shares of Roblox by 7.0% during the 4th quarter. Choreo LLC now owns 21,374 shares of the company’s stock worth $1,248,000 after acquiring an additional 1,399 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after acquiring an additional 245 shares in the last quarter. SYM FINANCIAL Corp acquired a new position in shares of Roblox during the 4th quarter worth about $300,000. KG&L Capital Management LLC acquired a new position in shares of Roblox during the 4th quarter worth about $584,000. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Roblox during the 4th quarter worth about $363,000. 94.46% of the stock is owned by institutional investors and hedge funds.

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.