Roblox (NYSE:RBLX) Shares Gap Up After Analyst Upgrade

Roblox Co. (NYSE:RBLX – Get Rating)’s share price gapped up prior to trading on Thursday after Barclays raised their price target on the stock from $28.00 to $32.00. The stock had previously closed at $38.87, but opened at $40.52. Roblox shares last traded at $41.01, with a volume of 3,056,283 shares.

A number of other equities research analysts also recently weighed in on RBLX. BTIG Research lifted their price target on shares of Roblox from $55.00 to $60.00 in a research note on Wednesday. Credit Suisse Group lifted their price target on shares of Roblox from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Thursday, February 16th. Piper Sandler lifted their price target on shares of Roblox from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, February 16th. Wedbush lifted their price target on shares of Roblox from $32.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, February 16th. Finally, VNET Group reissued a “maintains” rating on shares of Roblox in a report on Monday. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Roblox has an average rating of “Hold” and an average target price of $39.72.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 3,178 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $37.85, for a total value of $120,287.30. Following the sale, the chief accounting officer now owns 90,745 shares in the company, valued at approximately $3,434,698.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Amy Marie Rawlings sold 3,178 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $37.85, for a total value of $120,287.30. Following the sale, the chief accounting officer now owns 90,745 shares in the company, valued at approximately $3,434,698.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig Donato sold 2,000 shares of the company’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $40.25, for a total value of $80,500.00. Following the completion of the transaction, the insider now directly owns 1,248,097 shares in the company, valued at $50,235,904.25. The disclosure for this sale can be found here. In the last three months, insiders sold 639,381 shares of company stock worth $24,436,353. 27.67% of the stock is owned by company insiders.

Institutional Trading of Roblox

Several large investors have recently modified their holdings of the stock. Resurgent Financial Advisors LLC bought a new stake in shares of Roblox during the 4th quarter worth $25,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Roblox during the 4th quarter worth $28,000. Slow Capital Inc. bought a new position in Roblox in the first quarter valued at about $31,000. 1832 Asset Management L.P. bought a new position in Roblox in the first quarter valued at about $32,000. Finally, James Investment Research Inc. bought a new position in Roblox in the first quarter valued at about $33,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Roblox Stock Up 2.6 %

The company has a debt-to-equity ratio of 3.24, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $22.35 billion, a P/E ratio of -25.73 and a beta of 1.76. The firm has a 50-day simple moving average of $41.31 and a 200 day simple moving average of $37.05.

Roblox (NYSE:RBLX – Get Rating) last posted its earnings results on Wednesday, February 15th. The company reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.07. The firm had revenue of $899.40 million during the quarter, compared to the consensus estimate of $884.71 million. Roblox had a negative return on equity of 200.01% and a negative net margin of 41.54%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company earned ($0.25) earnings per share. On average, equities research analysts forecast that Roblox Co. will post -1.82 EPS for the current year.

Roblox Company Profile

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.