Roblox Corporation (NYSE:RBLX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Roblox Corporation (NYSE:RBLX) has earned a consensus recommendation of “Moderate Buy” from the thirty analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $135.8846.

RBLX has been the subject of several analyst reports. Bank of America upped their target price on Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Citigroup upped their price objective on shares of Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. BMO Capital Markets increased their price objective on shares of Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Jefferies Financial Group dropped their price target on shares of Roblox from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Wolfe Research upgraded shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a report on Friday, August 22nd.

Roblox Stock Performance

Shares of RBLX opened at $88.42 on Friday. Roblox has a 1 year low of $50.10 and a 1 year high of $150.59. The company’s 50 day simple moving average is $110.03 and its 200 day simple moving average is $114.72. The company has a market capitalization of $57.90 billion, a price-to-earnings ratio of -61.83 and a beta of 1.62. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted ($0.37) EPS. Roblox’s revenue was up 70.3% on a year-over-year basis. On average, sell-side analysts predict that Roblox will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In other news, insider Matthew D. Kaufman sold 20,867 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the completion of the sale, the insider owned 239,775 shares in the company, valued at approximately $23,042,377.50. The trade was a 8.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Baszucki sold 66,896 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $104.53, for a total transaction of $6,992,638.88. The disclosure for this sale is available in the SEC filing. Insiders have sold 382,508 shares of company stock valued at $40,838,541 in the last ninety days. Company insiders own 12.92% of the company’s stock.

Hedge Funds Weigh In On Roblox

Hedge funds have recently made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd purchased a new stake in Roblox during the 3rd quarter worth $26,000. Total Investment Management Inc. purchased a new stake in shares of Roblox in the second quarter worth about $29,000. ORG Partners LLC acquired a new stake in shares of Roblox in the second quarter valued at about $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Roblox in the second quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Roblox during the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 94.46% 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.