Roblox (NYSE:RBLX) Upgraded at Barclays

Roblox (NYSE:RBLXGet Free Report) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a $46.00 price objective on the stock, up from their previous price objective of $26.00. Barclays‘s price target points to a potential upside of 3.60% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $48.00 target price on shares of Roblox in a research note on Friday, October 13th. Piper Sandler boosted their price objective on shares of Roblox from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, November 16th. JPMorgan Chase & Co. upped their price target on shares of Roblox from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, November 16th. Benchmark reiterated a “buy” rating and issued a $46.00 price target on shares of Roblox in a report on Tuesday, January 23rd. Finally, BMO Capital Markets began coverage on shares of Roblox in a report on Tuesday, January 9th. They set an “outperform” rating and a $55.00 target price for the company. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $46.05.

Read Our Latest Research Report on Roblox

Roblox Stock Performance

Shares of RBLX opened at $44.40 on Thursday. The company has a debt-to-equity ratio of 8.38, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $25.47 billion, a PE ratio of -23.74 and a beta of 1.68. The company’s fifty day moving average price is $42.19 and its 200 day moving average price is $35.66. Roblox has a one year low of $24.88 and a one year high of $47.65.

Roblox (NYSE:RBLXGet Free Report) last issued its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 652.99%. The firm’s revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.48) EPS. As a group, analysts expect that Roblox will post -2.01 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 2,523 shares of Roblox stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $37.90, for a total value of $95,621.70. Following the sale, the chief accounting officer now directly owns 95,230 shares of the company’s stock, valued at $3,609,217. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Amy Marie Rawlings sold 2,523 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $37.90, for a total value of $95,621.70. Following the sale, the chief accounting officer now owns 95,230 shares in the company, valued at approximately $3,609,217. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Manuel Bronstein sold 38,867 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $36.70, for a total value of $1,426,418.90. Following the transaction, the insider now directly owns 738,417 shares of the company’s stock, valued at $27,099,903.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 308,272 shares of company stock valued at $12,671,049. Company insiders own 27.67% of the company’s stock.

Institutional Trading of Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. Vanguard Group Inc. raised its stake in shares of Roblox by 29.0% during the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after buying an additional 10,025,779 shares in the last quarter. State Street Corp increased its position in Roblox by 2,473.0% during the second quarter. State Street Corp now owns 6,586,856 shares of the company’s stock worth $216,444,000 after buying an additional 6,330,861 shares in the last quarter. Ieq Capital LLC increased its position in Roblox by 158.0% during the third quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock worth $265,035,000 after buying an additional 5,604,995 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Roblox by 195.1% in the fourth quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock valued at $357,043,000 after purchasing an additional 5,162,833 shares during the period. Finally, Morgan Stanley grew its position in shares of Roblox by 13.7% in the third quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after purchasing an additional 4,927,848 shares during the period. 69.92% of the stock is owned by hedge funds and other institutional investors.

About Roblox

(Get Free Report)

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.

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Analyst Recommendations for Roblox (NYSE:RBLX)

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