Roblox Co. (NYSE:RBLX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-two analysts that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $52.55.
Several equities analysts recently weighed in on RBLX shares. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $51.00 to $62.00 and gave the company an "overweight" rating in a report on Friday. Wolfe Research started coverage on shares of Roblox in a report on Tuesday, July 16th. They issued a "peer perform" rating on the stock. Roth Mkm boosted their price objective on shares of Roblox from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Wedbush reiterated an "outperform" rating and issued a $49.00 price objective on shares of Roblox in a report on Friday, October 25th. Finally, Citigroup boosted their price objective on shares of Roblox from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th.
Check Out Our Latest Analysis on Roblox
In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares of the company's stock, valued at $14,543,253.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Roblox news, Director Anthony P. Lee sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the sale, the director now owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Guthrie sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 979,341 shares of company stock valued at $43,897,012 over the last quarter. Insiders own 22.15% of the company's stock.
Several large investors have recently made changes to their positions in the company. Impact Partnership Wealth LLC increased its stake in shares of Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company's stock valued at $298,000 after purchasing an additional 245 shares during the period. Swedbank AB increased its stake in shares of Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company's stock valued at $1,983,000 after acquiring an additional 285 shares during the period. Thrive Wealth Management LLC increased its stake in shares of Roblox by 4.3% during the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company's stock valued at $274,000 after acquiring an additional 300 shares during the period. Mystic Asset Management Inc. increased its stake in shares of Roblox by 4.0% during the first quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company's stock valued at $326,000 after acquiring an additional 325 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in shares of Roblox by 0.3% during the third quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company's stock valued at $6,048,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 91.08% of the company's stock.
Shares of NYSE RBLX opened at $51.44 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The stock has a market capitalization of $30.79 billion, a PE ratio of -29.91 and a beta of 1.60. The firm has a fifty day moving average of $43.67 and a 200-day moving average of $39.34. Roblox has a 52-week low of $29.55 and a 52-week high of $52.65.
Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.01. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.45) EPS. On average, analysts anticipate that Roblox will post -1.58 EPS for the current year.
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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