Roblox’s (RBLX) Buy Rating Reaffirmed at Benchmark

Roblox (NYSE:RBLX)‘s stock had its “buy” rating reiterated by Benchmark in a research note issued on Tuesday,Benzinga reports. They presently have a $71.00 target price on the stock. Benchmark’s price objective suggests a potential upside of 22.06% from the stock’s previous close.

Several other equities analysts also recently weighed in on RBLX. Barclays dropped their price objective on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Roth Mkm raised their price objective on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Morgan Stanley raised their price objective on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Finally, Moffett Nathanson lowered Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Roblox Stock Performance

Shares of RBLX stock opened at $58.17 on Tuesday. The company has a market cap of $36.01 billion, a price-to-earnings ratio of -40.11 and a beta of 1.49. The stock has a 50 day simple moving average of $63.63 and a 200-day simple moving average of $54.68. Roblox has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, equities analysts forecast that Roblox will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In related news, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the completion of the transaction, the insider now directly owns 278,161 shares in the company, valued at approximately $16,620,119.75. This trade represents a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the transaction, the chief financial officer now owns 417,079 shares of the company’s stock, valued at $27,502,189.26. This trade represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 950,466 shares of company stock valued at $61,646,297. 22.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Roblox by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock worth $3,080,449,000 after buying an additional 462,450 shares during the period. FMR LLC increased its holdings in shares of Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after buying an additional 3,507,901 shares in the last quarter. Finally, State Street Corp grew its position in Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after purchasing an additional 240,565 shares in the last quarter. 94.46% of the stock is currently 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.