Roblox Co. (NYSE:RBLX) Receives $64.19 Average Target Price from Brokerages

Roblox Co. (NYSE:RBLX) has been assigned an average recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $64.19.

Several brokerages have recently commented on RBLX. Macquarie raised their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Roth Mkm raised their price objective on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Canaccord Genuity Group upped their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. CICC Research began coverage on Roblox in a report on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, Morgan Stanley upped their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th.

Insider Activity

In other Roblox news, insider Mark Reinstra sold 16,480 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $847,566.40. Following the sale, the insider now owns 278,161 shares in the company, valued at approximately $14,305,820.23. The trade was a 5.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 6,054 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $311,357.22. Following the transaction, the chief accounting officer now owns 85,008 shares of the company’s stock, valued at $4,371,961.44. This trade represents a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,352,014 shares of company stock valued at $80,360,389 over the last quarter. 22.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Roblox

A number of institutional investors have recently modified their holdings of RBLX. Rakuten Securities Inc. increased its holdings in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares in the last quarter. Simon Quick Advisors LLC grew its position in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after buying an additional 217 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. Versant Capital Management Inc grew its holdings in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the period. Finally, Impact Partnership Wealth LLC grew its holdings in Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after purchasing an additional 245 shares during the period. 94.46% of the stock is owned by institutional investors.

Roblox Trading Down 2.8 %

Shares of NYSE:RBLX opened at $64.18 on Monday. The stock has a market cap of $38.99 billion, a PE ratio of -44.26 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox has a 12-month low of $29.55 and a 12-month high of $75.74. The business has a 50 day moving average of $63.17 and a 200-day moving average of $51.20.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. As a group, equities research analysts forecast that Roblox will post -1.4 earnings per share for the current 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.