Roblox (NYSE:RBLX) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Roblox (NYSE:RBLX) in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a $53.00 price objective on the stock.

RBLX has been the topic of several other reports. Wedbush raised their price target on Roblox from $53.00 to $56.00 and gave the stock an outperform rating in a research report on Thursday, February 8th. Barclays raised shares of Roblox from an underweight rating to an equal weight rating and lifted their target price for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. The Goldman Sachs Group raised shares of Roblox from a sell rating to a neutral rating and increased their price target for the company from $35.00 to $48.00 in a research report on Thursday, February 8th. Needham & Company LLC upped their price objective on shares of Roblox from $51.00 to $55.00 and gave the company a buy rating in a research note on Thursday, February 8th. Finally, Roth Mkm raised their target price on Roblox from $50.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $46.85.

Roblox Trading Down 1.1 %

RBLX stock opened at $34.96 on Monday. Roblox has a one year low of $24.88 and a one year high of $47.20. The company has a market capitalization of $20.66 billion, a PE ratio of -18.70 and a beta of 1.63. The company’s 50 day moving average price is $39.15 and its two-hundred day moving average price is $38.97. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07.

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

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 200,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $44.09, for a total transaction of $8,818,000.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at $44.09. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO David Baszucki sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at $44.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Reinstra sold 12,531 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.75, for a total transaction of $510,638.25. Following the completion of the transaction, the insider now owns 249,779 shares in the company, valued at approximately $10,178,494.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 707,707 shares of company stock worth $29,526,367. 27.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in Roblox during the fourth quarter valued at approximately $25,000. Blue Trust Inc. lifted its stake in shares of Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after buying an additional 912 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Roblox in the 1st quarter worth $52,000. Allworth Financial LP increased its stake in Roblox by 90.2% in the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after buying an additional 587 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new stake in Roblox during the fourth quarter valued at about $58,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

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.