Brokerages Set Roblox Co. (NYSE:RBLX) PT at $42.14

Shares of Roblox Co. (NYSE:RBLX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-four brokerages that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $42.14.

Several analysts have commented on RBLX shares. Macquarie started coverage on shares of Roblox in a report on Friday, June 14th. They issued an "outperform" rating and a $46.00 price objective for the company. Barclays lowered their target price on shares of Roblox from $46.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, May 10th. BMO Capital Markets reiterated an "outperform" rating and set a $56.00 target price (down from $57.00) on shares of Roblox in a report on Monday, May 13th. Morgan Stanley cut their target price on shares of Roblox from $42.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, May 10th. Finally, Roth Mkm reissued a "neutral" rating and set a $35.00 price objective (down previously from $55.00) on shares of Roblox in a research report on Tuesday, May 14th.

Roblox Stock Down 0.0 %

RBLX traded down $0.01 on Friday, hitting $37.21. The company had a trading volume of 7,546,038 shares, compared to its average volume of 5,589,792. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. Roblox has a 52-week low of $24.88 and a 52-week high of $47.20. The stock has a fifty day simple moving average of $35.01 and a 200-day simple moving average of $38.72. The firm has a market capitalization of $22.00 billion, a P/E ratio of -20.01 and a beta of 1.58.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The business had revenue of $923.76 million during the quarter, compared to analyst estimates of $918.85 million. During the same period last year, the business posted ($0.44) earnings per share. Roblox's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities analysts expect that Roblox will post -1.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CAO Amy Marie Rawlings sold 3,910 shares of the business's stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total value of $127,309.60. Following the sale, the chief accounting officer now owns 98,457 shares in the company, valued at approximately $3,205,759.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Andrea L. Wong sold 5,276 shares of the business's stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $31.13, for a total value of $164,241.88. Following the sale, the director now directly owns 26,319 shares in the company, valued at approximately $819,310.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 3,910 shares of the business's stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $32.56, for a total transaction of $127,309.60. Following the completion of the sale, the chief accounting officer now owns 98,457 shares in the company, valued at $3,205,759.92. The disclosure for this sale can be found here. Insiders have sold a total of 414,221 shares of company stock worth $14,729,385 in the last 90 days. 22.15% of the stock is currently owned by corporate insiders.

Institutional Trading of Roblox

A number of large investors have recently made changes to their positions in RBLX. Vanguard Group Inc. grew its holdings 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 purchasing an additional 4,818,022 shares during the last quarter. Morgan Stanley grew its holdings in Roblox by 13.7% during the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company's stock valued at $1,187,769,000 after purchasing an additional 4,927,848 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Roblox by 3.1% during the 1st quarter. Baillie Gifford & Co. now owns 28,607,151 shares of the company's stock valued at $1,092,221,000 after purchasing an additional 867,805 shares during the last quarter. Ieq Capital LLC grew its holdings in Roblox by 27.6% during the 1st 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 during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Roblox by 9.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,493,091 shares of the company's stock valued at $324,266,000 after purchasing an additional 764,481 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.

About Roblox

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.