Brokerages Set Roblox Co. (NYSE:RBLX) Target Price at $64.23

Shares of Roblox Co. (NYSE:RBLX - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-six ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, seventeen have issued a buy recommendation and one has given 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 $64.23.

Several brokerages recently commented on RBLX. Wedbush reaffirmed an "outperform" rating and issued a $83.00 price target on shares of Roblox in a research note on Friday, February 7th. Needham & Company LLC boosted their target price 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. Piper Sandler reiterated an "overweight" rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Benchmark restated a "buy" rating and issued a $71.00 price target on shares of Roblox in a research report on Tuesday, March 18th. Finally, Barclays decreased their price objective on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th.

Roblox Stock Performance

Roblox stock traded down $5.38 on Tuesday, hitting $52.84. The company's stock had a trading volume of 10,522,905 shares, compared to its average volume of 7,856,783. The company has a fifty day moving average price of $62.42 and a 200-day moving average price of $55.93. The firm has a market cap of $32.71 billion, a P/E ratio of -36.44 and a beta of 1.49. Roblox has a one year low of $29.55 and a one year high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

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

Insider Buying and Selling at Roblox

In related news, Director Anthony P. Lee sold 21,200 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the completion of the transaction, the director now owns 6,589,757 shares in the company, valued at approximately $404,413,387.09. The trade was a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 947,666 shares of company stock valued at $61,513,341. 22.15% of the stock is currently owned by insiders.

Institutional Trading of Roblox

A number of large investors have recently made changes to their positions in RBLX. MetLife Investment Management LLC increased its holdings in shares of Roblox by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after acquiring an additional 161 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares during the period. Simon Quick Advisors LLC increased its stake in Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after purchasing an additional 217 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after buying an additional 239 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.