Roblox (NYSE:RBLX) Earns “Buy” Rating from Roth Mkm

Roblox (NYSE:RBLX)‘s stock had its “buy” rating reaffirmed by stock analysts at Roth Mkm in a research note issued on Wednesday, Benzinga reports. They currently have a $55.00 price objective on the stock. Roth Mkm’s price target indicates a potential upside of 47.30% from the company’s current price.

RBLX has been the subject of a number of other research reports. The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $48.00 in a report on Thursday, February 8th. JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $48.00 in a report on Tuesday, April 23rd. Benchmark reiterated a “buy” rating and issued a $50.00 price objective on shares of Roblox in a report on Tuesday, April 23rd. Needham & Company LLC raised their price target on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $53.00 price target on shares of Roblox in a report on Monday, April 22nd. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

Roblox Price Performance

Shares of Roblox stock opened at $37.34 on Wednesday. Roblox has a twelve month low of $24.88 and a twelve month high of $47.20. The firm’s 50-day moving average price is $38.20 and its 200 day moving average price is $39.16. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. Roblox’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.48) EPS. On average, research analysts expect that Roblox will post -2.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.09, for a total value of $8,818,000.00. Following the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at $44.09. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Roblox news, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total value of $456,040.00. Following the completion of the transaction, the director now owns 9,747,603 shares in the company, valued at $341,945,913.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $44.09, for a total transaction of $8,818,000.00. Following the completion of the transaction, the chief executive officer now owns 1 shares of the company’s stock, valued at approximately $44.09. The disclosure for this sale can be found here. Insiders have sold a total of 712,374 shares of company stock valued at $29,639,338 over the last quarter. 22.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Roblox during the fourth quarter worth $25,000. Blue Trust Inc. grew its stake in shares of Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after purchasing an additional 912 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Roblox during the first quarter worth $52,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Roblox by 306.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,483 shares of the company’s stock worth $56,000 after purchasing an additional 1,118 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Roblox by 90.2% during the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after purchasing an additional 587 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

About Roblox

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.