Roblox (NYSE:RBLX) Research Coverage Started at FBN Securities

FBN Securities initiated coverage on shares of Roblox (NYSE:RBLX) in a research note released on Friday, Marketbeat.com reports. The brokerage issued a sector perform rating and a $65.00 target price on the stock.

A number of other brokerages also recently weighed in on RBLX. JPMorgan Chase & Co. boosted their target price on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Needham & Company LLC upped their price objective on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Roth Mkm boosted their target price on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Barclays decreased their price target on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Finally, Benchmark restated a “buy” rating and set a $71.00 target price on shares of Roblox in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average price target of $64.23.

Roblox Stock Performance

NYSE RBLX opened at $58.99 on Friday. The firm has a market cap of $36.51 billion, a price-to-earnings ratio of -40.68 and a beta of 1.49. 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 has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a 50 day moving average of $63.22 and a 200-day moving average of $55.56.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the sale, the insider now directly owns 204,261 shares in the company, valued at approximately $12,513,028.86. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 926,466 shares of company stock valued at $60,212,297 over the last quarter. Corporate insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

Hedge funds have recently made changes to their positions in the business. FMR LLC lifted its position in shares of Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC lifted its position in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. boosted its stake in shares of Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after buying an additional 7,835,921 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock valued at $278,500,000 after acquiring an additional 4,406,885 shares in the last quarter. Finally, Durable Capital Partners LP acquired a new stake in shares of Roblox in the fourth quarter valued at about $246,560,000. 94.46% of the stock is owned by 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.