Roblox Corporation (NYSE:RBLX) Receives Average Recommendation of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Roblox Corporation (NYSE:RBLX – Get Free Report) has been assigned an average rating of “Moderate Buy” from the thirty ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $133.9615.

Several equities research analysts have recently commented on the company. Jefferies Financial Group reduced their price objective on Roblox from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Roth Capital reiterated a “neutral” rating and issued a $146.00 price target on shares of Roblox in a research report on Friday, October 17th. BMO Capital Markets raised their price objective on shares of Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Finally, Wolfe Research set a $100.00 price target on Roblox in a report on Monday.

View Our Latest Report on RBLX

Roblox Trading Up 0.1%

Roblox stock opened at $81.07 on Thursday. Roblox has a 52-week low of $50.10 and a 52-week high of $150.59. The company has a market cap of $53.09 billion, a P/E ratio of -56.69 and a beta of 1.64. 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 business has a 50-day simple moving average of $94.88 and a two-hundred day simple moving average of $113.57.

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

Insider Activity

In other news, insider Arvind Chakravarthy sold 20,912 shares of Roblox stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,991,449.76. Following the sale, the insider directly owned 181,043 shares of the company’s stock, valued at approximately $17,240,724.89. The trade was a 10.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew D. Kaufman sold 20,867 shares of the business’s stock in a transaction on 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 $23,042,377.50. This represents a 8.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 430,404 shares of company stock valued at $40,597,079. 12.92% of the stock is owned by corporate insiders.

Institutional Trading of Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of RBLX. AIA Group Ltd raised its stake in shares of Roblox by 14.4% in the third quarter. AIA Group Ltd now owns 90,919 shares of the company’s stock valued at $12,594,000 after acquiring an additional 11,417 shares during the period. Keel Point LLC purchased a new position in Roblox during the 3rd quarter valued at $307,000. Allworth Financial LP grew its position in Roblox by 69.3% in the 3rd quarter. Allworth Financial LP now owns 5,230 shares of the company’s stock valued at $724,000 after acquiring an additional 2,140 shares during the last quarter. IFP Advisors Inc increased its stake in Roblox by 30.0% in the third quarter. IFP Advisors Inc now owns 3,584 shares of the company’s stock worth $496,000 after purchasing an additional 828 shares during the period. Finally, Investment Research Partners LLC bought a new stake in shares of Roblox during the third quarter worth $298,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Company Profile

(Get Free Report)

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.

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