Brokerages Set Roblox Co. (NYSE:RBLX) PT at $64.23

Roblox Co. (NYSE:RBLX) has received an average rating of “Moderate Buy” from the twenty-six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $64.23.

A number of equities analysts have issued reports on RBLX shares. Citigroup boosted their price objective on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. FBN Securities began coverage on Roblox in a report on Friday, March 28th. They set a “sector perform” rating and a $65.00 price target on the stock. CICC Research initiated coverage on Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. Wedbush reissued an “outperform” rating and set a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. Finally, Benchmark reaffirmed a “buy” rating and issued a $71.00 price target on shares of Roblox in a research note on Tuesday, March 18th.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. This represents a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total value of $347,940.00. Following the completion of the sale, the insider now directly owns 364,244 shares of the company’s stock, valued at approximately $21,122,509.56. The trade was a 1.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,003,666 shares of company stock worth $64,800,781 in the last quarter. Corporate insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Roblox by 10,945.9% during the 1st quarter. GAMMA Investing LLC now owns 132,551 shares of the company’s stock valued at $7,726,000 after buying an additional 131,351 shares during the period. Central Pacific Bank Trust Division lifted its holdings in Roblox by 13.8% in the first quarter. Central Pacific Bank Trust Division now owns 9,985 shares of the company’s stock valued at $582,000 after acquiring an additional 1,214 shares during the period. Kera Capital Partners Inc. lifted its holdings in Roblox by 3.8% in the first quarter. Kera Capital Partners Inc. now owns 18,409 shares of the company’s stock valued at $1,073,000 after acquiring an additional 679 shares during the period. Thoma Capital Management LLC bought a new stake in shares of Roblox during the 4th quarter valued at about $687,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Roblox by 67.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 58,282 shares of the company’s stock valued at $3,372,000 after purchasing an additional 23,431 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Trading Down 1.0 %

Shares of RBLX stock opened at $52.41 on Tuesday. The business has a 50-day moving average of $62.13 and a 200 day moving average of $56.05. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox has a 1-year low of $29.55 and a 1-year high of $75.74. The stock has a market capitalization of $32.44 billion, a PE ratio of -36.15 and a beta of 1.49.

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

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.