Roblox (NYSE:RBLX) Coverage Initiated at FBN Securities

FBN Securities initiated coverage on shares of Roblox (NYSE:RBLX - Free Report) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm issued a sector perform rating and a $65.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Barclays decreased their price target on Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Wedbush reissued an "outperform" rating and issued a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Finally, Citigroup lifted their target price on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.23.

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Roblox Trading Down 1.2 %

Shares of NYSE:RBLX traded down $0.71 during mid-day trading on Friday, reaching $58.36. 5,145,639 shares of the company's stock were exchanged, compared to its average volume of 7,789,122. The firm has a market capitalization of $36.13 billion, a price-to-earnings ratio of -40.25 and a beta of 1.49. Roblox has a twelve month low of $29.55 and a twelve month high of $75.74. The business's fifty day moving average price is $63.22 and its 200-day moving average price is $55.56. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share 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, research analysts predict that Roblox will post -1.49 EPS for the current fiscal year.

Insider Activity

In related news, CEO David Baszucki sold 34,099 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $12,664,130.15. This represents a 13.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the sale, the chief financial officer now owns 395,465 shares of the company's stock, valued at approximately $23,783,265.10. The trade was a 11.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 926,466 shares of company stock worth $60,212,297 in the last three months. Corporate insiders own 22.15% of the company's stock.

Institutional Investors Weigh In On Roblox

Several hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in shares of Roblox by 34.3% during the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock valued at $2,660,000 after purchasing an additional 15,333 shares during the last quarter. Smith Group Asset Management LLC grew its position in Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $3,994,000 after acquiring an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Roblox during the fourth quarter worth approximately $363,000. Silicon Valley Capital Partners lifted its holdings in shares of Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after acquiring an additional 66,882 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after purchasing an additional 1,971 shares in the last quarter. Institutional investors 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.