Roblox Co. (NYSE:RBLX) Receives $44.81 Average Price Target from Brokerages

Roblox Co. (NYSE:RBLX) has been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are presently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $46.14.

A number of brokerages recently commented on RBLX. The Goldman Sachs Group increased their price target on Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Jefferies Financial Group started coverage on Roblox in a research note on Thursday, July 11th. They set a “hold” rating and a $42.00 target price on the stock. Barclays increased their price target on shares of Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Wells Fargo & Company lifted their price objective on shares of Roblox from $46.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wolfe Research assumed coverage on shares of Roblox in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the sale, the chief accounting officer now directly owns 99,617 shares in the company, valued at $4,019,545.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at $4,019,545.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the chief financial officer now directly owns 374,633 shares in the company, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 625,673 shares of company stock valued at $27,331,806. Corporate insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

A number of institutional investors have recently made changes to their positions in RBLX. PARK CIRCLE Co bought a new position in Roblox in the second quarter valued at $30,000. Strategic Financial Concepts LLC bought a new position in shares of Roblox during the 2nd quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC raised its holdings in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares in the last quarter. Washington Trust Advisors Inc. bought a new stake in Roblox in the 1st quarter worth approximately $39,000. Finally, GAMMA Investing LLC boosted its stake in Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after buying an additional 530 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

Roblox Price Performance

Shares of NYSE:RBLX opened at $41.40 on Tuesday. Roblox has a 1-year low of $29.55 and a 1-year high of $48.43. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The stock has a market cap of $24.48 billion, a PE ratio of -22.26 and a beta of 1.60. The stock’s fifty day simple moving average is $42.67 and its two-hundred day simple moving average is $38.80.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million for the quarter, compared to analysts’ expectations of $897.88 million. During the same period in the previous year, the company earned ($0.46) earnings per share. The firm’s revenue for the quarter was up 31.2% compared to the same quarter last year. As a group, analysts forecast that Roblox will post -1.59 EPS for the current fiscal year.

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.