Barclays Has Lowered Expectations for Roblox (NYSE:RBLX) Stock Price

Roblox (NYSE:RBLX - Free Report) had its target price cut by Barclays from $50.00 to $46.00 in a report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also issued reports on RBLX. Raymond James reaffirmed a "strong-buy" rating and set a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Piper Sandler reaffirmed an "overweight" rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upped their target price on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Macquarie upped their target price on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday. Finally, The Goldman Sachs Group boosted their price target on Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $64.19.

Roblox Stock Up 1.9 %

Shares of RBLX traded up $1.27 during trading hours on Friday, hitting $66.32. The company had a trading volume of 8,888,060 shares, compared to its average volume of 9,682,162. The company has a market capitalization of $40.29 billion, a PE ratio of -45.74 and a beta of 1.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox has a one year low of $29.55 and a one year high of $75.74. The company's fifty day moving average price is $62.72 and its two-hundred day moving average price is $50.93.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. As a group, equities analysts forecast that Roblox will post -1.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 138,555 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the transaction, the chief executive officer now owns 129,301 shares of the company's stock, valued at $9,260,537.62. This represents a 51.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Guthrie sold 40,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $52.07, for a total value of $2,082,800.00. Following the transaction, the chief financial officer now directly owns 352,844 shares of the company's stock, valued at $18,372,587.08. The trade was a 10.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,306,335 shares of company stock worth $77,348,316. 22.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently made changes to their positions in RBLX. Truist Financial Corp acquired a new stake in shares of Roblox in the second quarter valued at approximately $559,000. Cetera Investment Advisers increased its holdings in shares of Roblox by 4.4% in the second quarter. Cetera Investment Advisers now owns 41,332 shares of the company's stock valued at $1,538,000 after purchasing an additional 1,748 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Roblox in the second quarter valued at approximately $1,105,000. GAMMA Investing LLC increased its stake in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $41,000 after acquiring an additional 530 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Roblox during the third quarter worth $235,000. Institutional investors and hedge funds own 94.46% 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.