Roblox Co. (NYSE:RBLX) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Roblox Co. (NYSE:RBLX - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-six brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $64.23.

RBLX has been the subject of a number of research analyst reports. HSBC initiated coverage on shares of Roblox in a research report on Thursday, December 12th. They set a "buy" rating and a $63.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Roblox from $58.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Roth Mkm boosted their price target on Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Needham & Company LLC lifted their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Macquarie raised their target price on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, February 7th.

Insider Activity

In other Roblox news, CEO David Baszucki sold 138,555 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the sale, the chief executive officer now directly owns 129,301 shares in the company, valued at approximately $9,260,537.62. This represents a 51.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total value of $3,007,000.00. Following the sale, the chief financial officer now directly owns 395,465 shares in the company, valued at $23,783,265.10. This trade represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 926,466 shares of company stock worth $60,212,297. 22.15% of the stock is currently owned by insiders.

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Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBLX. Versant Capital Management Inc boosted its holdings in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after buying an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd grew its stake in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Colonial Trust Co SC purchased a new position in Roblox in the 4th quarter worth approximately $41,000. Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its position in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Stock Down 5.5 %

Shares of RBLX stock traded down $3.38 on Tuesday, hitting $58.23. 6,554,584 shares of the stock were exchanged, compared to its average volume of 7,823,523. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The business has a 50-day moving average of $62.88 and a 200 day moving average of $55.80. The firm has a market capitalization of $36.05 billion, a P/E ratio of -40.16 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities analysts anticipate that Roblox will post -1.49 EPS for the current year.

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.