Shares of Roblox Co. (NYSE:RBLX – Get Free Report) have earned a consensus rating of “Moderate Buy” from the twenty-two analysts that are currently covering the company, MarketBeat Ratings reports. Seven equities research 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 12 month price objective among brokers that have issued ratings on the stock in the last year is $55.30.
RBLX has been the topic of several research reports. Canaccord Genuity Group boosted their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup upped their price objective on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Piper Sandler lifted their target price on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Wells Fargo & Company upped their price target on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a research note on Friday, October 25th.
Get Our Latest Research Report on RBLX
Roblox Stock Down 0.2 %
Roblox (NYSE:RBLX – Get Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.45) EPS. Analysts forecast that Roblox will post -1.56 earnings per share for the current year.
Insider Buying and Selling
In other news, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the sale, the chief accounting officer now directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. The trade was a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Manuel Bronstein sold 15,380 shares of Roblox stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $45.00, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 712,105 shares in the company, valued at approximately $32,044,725. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,013,607 shares of company stock worth $48,434,122. Insiders own 22.15% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. ValueAct Holdings L.P. increased its stake in shares of Roblox by 340.7% in the third 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 period. FMR LLC grew its holdings in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after acquiring an additional 4,115,286 shares during the last quarter. Dragoneer Investment Group LLC increased its position in shares of Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after acquiring an additional 2,488,044 shares during the period. Whale Rock Capital Management LLC bought a new position in shares of Roblox during the third quarter valued at about $107,491,000. Finally, Greenvale Capital LLP purchased a new stake in shares of Roblox during the second quarter worth about $89,304,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.
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.
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