Brokerages Set Roblox Co. (NYSE:RBLX) PT at $46.25

Roblox Co. (NYSE:RBLX) has been assigned an average recommendation of “Moderate Buy” from the twenty-one analysts that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $46.25.

Several equities analysts recently issued reports on the stock. Wedbush lifted their price target on shares of Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Roth Mkm lifted their price target on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. The Goldman Sachs Group raised shares of Roblox from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Benchmark reaffirmed a “buy” rating and issued a $46.00 target price on shares of Roblox in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets boosted their target price on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th.

Roblox Price Performance

Shares of Roblox stock opened at $35.55 on Tuesday. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50-day simple moving average is $39.51 and its 200-day simple moving average is $38.75. Roblox has a twelve month low of $24.88 and a twelve month high of $47.20. The firm has a market cap of $21.01 billion, a P/E ratio of -19.01 and a beta of 1.63.

Roblox (NYSE:RBLX) last issued its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business earned ($0.48) EPS. The firm’s revenue was up 25.3% on a year-over-year basis. As a group, research analysts expect that Roblox will post -2.1 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 3,777 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the transaction, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Mark Reinstra sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total value of $146,760.00. Following the completion of the transaction, the insider now owns 359,453 shares in the company, valued at $13,188,330.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 3,777 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the transaction, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 707,707 shares of company stock worth $29,526,367. 27.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in Roblox by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock worth $36,481,000 after purchasing an additional 39,203 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Roblox by 7.9% in the first quarter. PNC Financial Services Group Inc. now owns 18,574 shares of the company’s stock valued at $860,000 after purchasing an additional 1,361 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Roblox by 949.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,062 shares of the company’s stock valued at $928,000 after purchasing an additional 18,150 shares during the period. BlackRock Inc. grew its stake in shares of Roblox by 265.4% in the first quarter. BlackRock Inc. now owns 311,209 shares of the company’s stock valued at $14,390,000 after acquiring an additional 226,029 shares in the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Roblox by 62.0% in the first quarter. Cibc World Market Inc. now owns 92,495 shares of the company’s stock valued at $4,277,000 after acquiring an additional 35,412 shares in the last quarter. Institutional investors and hedge funds own 91.08% 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.