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

Shares of Roblox Co. (NYSE:RBLX) have earned an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $64.19.

A number of research analysts have recently weighed in on the stock. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. HSBC initiated coverage on shares of Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Citigroup increased their price target on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company raised their price objective on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th.

Roblox Stock Down 7.7 %

Shares of NYSE:RBLX opened at $58.45 on Friday. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The firm’s 50-day simple moving average is $64.28 and its 200-day simple moving average is $53.79. The company has a market cap of $36.18 billion, a price-to-earnings ratio of -40.31 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last issued 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 predict that Roblox will post -1.49 earnings per share for the current year.

Insider Activity

In related news, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the transaction, the insider now directly owns 204,261 shares in the company, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Reinstra sold 24,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the transaction, the insider now directly owns 278,161 shares in the company, valued at approximately $16,620,119.75. This represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 961,255 shares of company stock worth $62,394,678. 22.15% of the stock is currently owned by company insiders.

Institutional Trading of Roblox

Institutional investors and hedge funds have recently modified their holdings of the business. Frazier Financial Advisors LLC boosted its position in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the period. Versant Capital Management Inc lifted its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the last quarter. Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after acquiring an additional 240 shares during the period. Colonial Trust Co SC bought a new position in shares of Roblox during the fourth quarter worth about $41,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

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.