FBN Securities Begins Coverage on Roblox (NYSE:RBLX)

Equities researchers at FBN Securities assumed coverage on shares of Roblox (NYSE:RBLX) in a research report issued on Friday, Marketbeat.com reports. The brokerage set a “sector perform” rating and a $65.00 price target on the stock. FBN Securities’ price objective would indicate a potential upside of 10.19% from the company’s previous close.

Several other research firms have also recently commented on RBLX. Needham & Company LLC lifted their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Benchmark reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Roblox in a research report on Tuesday, March 18th. Wedbush reiterated an “outperform” rating and set a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. The Goldman Sachs Group lifted their price target on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $72.00 price objective (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $64.23.

Roblox Stock Down 0.9 %

Shares of NYSE:RBLX opened at $58.99 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The company has a market capitalization of $36.51 billion, a P/E ratio of -40.68 and a beta of 1.49. Roblox has a 52-week low of $29.55 and a 52-week high of $75.74. The stock’s fifty day simple moving average is $63.22 and its 200-day simple moving average is $55.48.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, equities research analysts forecast that Roblox will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the transaction, the chief financial officer now owns 417,079 shares of the company’s stock, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 926,466 shares of company stock valued at $60,212,297 in the last quarter. Company insiders own 22.15% of the company’s stock.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thoma Capital Management LLC acquired a new position in Roblox in the fourth quarter worth about $687,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Roblox by 67.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 58,282 shares of the company’s stock worth $3,372,000 after buying an additional 23,431 shares during the last quarter. Siemens Fonds Invest GmbH grew its position in shares of Roblox by 87.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 9,904 shares of the company’s stock worth $573,000 after acquiring an additional 4,629 shares in the last quarter. Integrated Advisors Network LLC bought a new stake in shares of Roblox in the 4th quarter valued at approximately $201,000. Finally, Polar Asset Management Partners Inc. raised its position in shares of Roblox by 21.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 82,000 shares of the company’s stock valued at $4,745,000 after acquiring an additional 14,600 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

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.