Brokerages Set Roblox Co. (NYSE:RBLX) Price Target at $46.25

Shares of Roblox Co. (NYSE:RBLX) have earned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $46.25.

Several brokerages have issued reports on RBLX. Needham & Company LLC raised their price target on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Benchmark reaffirmed a “buy” rating and set a $46.00 price target on shares of Roblox in a report on Tuesday, January 23rd. BMO Capital Markets raised their price target on Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Wedbush increased their price objective on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, Roth Mkm increased their price objective on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th.

Roblox Trading Down 0.6 %

NYSE RBLX opened at $35.34 on Tuesday. The stock has a 50 day moving average of $39.32 and a 200-day moving average of $38.87. Roblox has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a market cap of $20.89 billion, a PE ratio of -18.90 and a beta of 1.63. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted ($0.48) EPS. The company’s quarterly revenue was up 25.3% on a year-over-year basis. On average, equities research analysts anticipate that Roblox will post -2.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Roblox news, Director Gregory Baszucki sold 8,333 shares of Roblox stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $41.17, for a total value of $343,069.61. Following the transaction, the director now owns 9,786,603 shares in the company, valued at $402,914,445.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Roblox news, insider Mark Reinstra sold 4,000 shares of Roblox stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the transaction, the insider now owns 359,453 shares in the company, valued at $13,188,330.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory Baszucki sold 8,333 shares of Roblox stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total value of $343,069.61. Following the completion of the transaction, the director now owns 9,786,603 shares in the company, valued at approximately $402,914,445.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 707,707 shares of company stock worth $29,526,367. Company insiders own 27.67% of the company’s stock.

Institutional Trading of Roblox

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Roblox by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 46,264,280 shares of the company’s stock valued at $2,115,203,000 after purchasing an additional 1,671,272 shares in the last quarter. Morgan Stanley boosted its stake in shares of Roblox by 13.7% during 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 in the last quarter. BlackRock Inc. boosted its stake in shares of Roblox by 11.0% during the first quarter. BlackRock Inc. now owns 22,418,113 shares of the company’s stock valued at $1,008,367,000 after purchasing an additional 2,219,142 shares in the last quarter. ARK Investment Management LLC boosted its stake in shares of Roblox by 28.5% during the third quarter. ARK Investment Management LLC now owns 11,973,881 shares of the company’s stock valued at $346,764,000 after purchasing an additional 2,655,333 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Roblox by 6.3% in the fourth quarter. Ieq Capital LLC now owns 9,725,211 shares of the company’s stock worth $444,637,000 after acquiring an additional 573,463 shares during the period. 91.08% of the stock is owned by institutional investors and hedge funds.

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.