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Roblox Corporation (NYSE:RBLX – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nineteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $117.59.
A number of equities research analysts recently commented on RBLX shares. The Goldman Sachs Group upped their price objective on Roblox from $63.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, May 14th. Morgan Stanley increased their price target on shares of Roblox from $76.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets upped their target price on shares of Roblox from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday. Canaccord Genuity Group boosted their price objective on Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Roth Mkm raised their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd.
Check Out Our Latest Research Report on RBLX
Insider Buying and Selling at Roblox
In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $103.89, for a total value of $6,856,740.00. Following the transaction, the director directly owned 284,488 shares of the company’s stock, valued at $29,555,458.32. This represents a 18.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Baszucki sold 139,507 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $22,253,891.21. This represents a 39.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,251,703 shares of company stock worth $492,380,210 over the last 90 days. Company insiders own 12.92% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares during the period. FMR LLC increased its position in Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Ieq Capital LLC lifted its stake in Roblox by 13.8% in the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Roblox by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after acquiring an additional 6,007,322 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Roblox by 24.3% in the fourth quarter. Renaissance Technologies LLC now owns 7,570,959 shares of the company’s stock valued at $438,056,000 after buying an additional 1,478,421 shares during the period. Institutional investors own 94.46% of the company’s stock.
Roblox Price Performance
NYSE:RBLX opened at $125.16 on Monday. The firm has a market cap of $80.73 billion, a PE ratio of -87.52 and a beta of 1.63. Roblox has a 12 month low of $35.30 and a 12 month high of $150.59. The company’s 50-day moving average price is $105.05 and its two-hundred day moving average price is $78.76. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.
Roblox (NYSE:RBLX – Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm earned ($0.32) EPS. The business’s revenue for the quarter was up 50.5% on a year-over-year basis. On average, equities analysts anticipate that Roblox will post -1.49 EPS for the current fiscal 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.
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