Roblox (NYSE:RBLX) Given New $60.00 Price Target at Deutsche Bank Aktiengesellschaft

Roblox (NYSE:RBLX - Get Free Report) had its price objective lifted by stock analysts at Deutsche Bank Aktiengesellschaft from $45.00 to $60.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 20.00% from the company's previous close.

Several other research firms have also commented on RBLX. The Goldman Sachs Group upped their price target on shares of Roblox from $45.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays upped their target price on shares of Roblox from $40.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday. Needham & Company LLC lifted their price target on Roblox from $50.00 to $60.00 and gave the company a "buy" rating in a report on Friday. Roth Mkm increased their price objective on Roblox from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Finally, Citigroup boosted their price target on Roblox from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus price target of $54.80.

Roblox Stock Performance

Shares of Roblox stock traded down $1.44 during trading hours on Monday, reaching $50.00. The company's stock had a trading volume of 19,482,760 shares, compared to its average volume of 7,464,602. Roblox has a one year low of $29.55 and a one year high of $53.07. The company's 50 day simple moving average is $43.79 and its 200 day simple moving average is $39.48. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $29.93 billion, a P/E ratio of -30.49 and a beta of 1.56.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to analysts' expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 1,283.93%. Roblox's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.45) earnings per share. As a group, analysts expect that Roblox will post -1.58 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In related news, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total value of $10,066,000.00. Following the transaction, the director now directly owns 4,707,579 shares in the company, valued at $236,932,451.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the transaction, the director now directly owns 4,707,579 shares of the company's stock, valued at $236,932,451.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amy Marie Rawlings sold 4,933 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the sale, the chief accounting officer now owns 99,617 shares of the company's stock, valued at approximately $4,019,545.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 989,341 shares of company stock valued at $44,391,412. Corporate insiders own 22.15% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RBLX. Vanguard Group Inc. grew its stake in Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company's stock valued at $1,950,322,000 after acquiring an additional 4,818,022 shares in the last quarter. Ieq Capital LLC grew its position in Roblox by 27.6% during the first quarter. Ieq Capital LLC now owns 12,409,924 shares of the company's stock valued at $473,811,000 after purchasing an additional 2,684,713 shares in the last quarter. Dragoneer Investment Group LLC increased its stake in Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock valued at $437,039,000 after buying an additional 2,488,044 shares during the period. Greenvale Capital LLP purchased a new stake in Roblox in the 2nd quarter worth approximately $89,304,000. Finally, Marshall Wace LLP acquired a new stake in shares of Roblox during the 2nd quarter valued at $87,543,000. 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.