Roblox (NYSE:RBLX) Given New $141.00 Price Target at BTIG Research

Roblox (NYSE:RBLX) had its price target lowered by BTIG Research from $174.00 to $141.00 in a research note released on Wednesday, MarketBeat.com reports. BTIG Research currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Roth Mkm reaffirmed a “neutral” rating and issued a $146.00 price objective on shares of Roblox in a research note on Friday, October 17th. BMO Capital Markets boosted their price objective on shares of Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Wolfe Research set a $100.00 price objective on shares of Roblox in a research report on Monday, January 5th. The Goldman Sachs Group upgraded shares of Roblox from a “neutral” rating to a “buy” rating and lifted their target price for the company from $155.00 to $180.00 in a report on Friday, October 31st. Finally, Macquarie upped their price target on shares of Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $133.77.

Roblox Trading Up 4.4%

RBLX stock opened at $75.34 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. The company has a market cap of $49.34 billion, a price-to-earnings ratio of -52.68 and a beta of 1.64. The business has a fifty day simple moving average of $84.77 and a 200-day simple moving average of $110.39. Roblox has a 52 week low of $50.10 and a 52 week high of $150.59.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The firm’s revenue for the quarter was up 70.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.37) earnings per share. On average, equities research analysts expect that Roblox will post -1.49 EPS for the current year.

Insider Activity

In other Roblox news, Director Anthony P. Lee sold 7,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total value of $577,150.00. Following the completion of the transaction, the director directly owned 256,768 shares of the company’s stock, valued at $21,170,521.60. This represents a 2.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Naveen K. Chopra sold 19,424 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $95.23, for a total value of $1,849,747.52. Following the sale, the chief financial officer owned 337,036 shares of the company’s stock, valued at $32,095,938.28. This represents a 5.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 504,300 shares of company stock worth $46,290,436 over the last three months. 12.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roblox

A number of institutional investors have recently made changes to their positions in RBLX. NewEdge Advisors LLC grew its position in shares of Roblox by 2.3% during the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after buying an additional 231 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Roblox by 70.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock valued at $1,368,000 after acquiring an additional 5,363 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Roblox by 21.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 801 shares of the company’s stock worth $84,000 after acquiring an additional 141 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Roblox by 124.7% in the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock worth $56,000 after purchasing an additional 298 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Roblox in the 2nd quarter valued at about $33,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.