Brokerages Set Roblox Co. (NYSE:RBLX) Price Target at $64.19

Roblox Co. (NYSE:RBLX - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-four analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $64.19.

Several equities research analysts recently commented on RBLX shares. Wedbush reiterated an "outperform" rating and set a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. Morgan Stanley boosted their price target on shares of Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their target price on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, January 10th. BMO Capital Markets restated an "outperform" rating and set a $62.00 price target (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. Finally, CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an "outperform" rating for the company.

Insider Activity at Roblox

In other news, CAO Amy Marie Rawlings sold 3,601 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the completion of the sale, the chief accounting officer now directly owns 81,407 shares in the company, valued at $4,014,993.24. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Reinstra sold 16,480 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total value of $847,566.40. Following the completion of the sale, the insider now owns 278,161 shares of the company's stock, valued at $14,305,820.23. This trade represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,352,014 shares of company stock valued at $80,360,389 over the last quarter. 22.15% of the stock is owned by corporate insiders.

Institutional Trading of Roblox

Institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank increased its position in shares of Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock worth $2,660,000 after purchasing an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC increased its position in shares of Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock worth $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Roblox during the fourth quarter worth approximately $363,000. Entropy Technologies LP increased its position in shares of Roblox by 168.4% during the third quarter. Entropy Technologies LP now owns 99,649 shares of the company's stock worth $4,410,000 after purchasing an additional 62,521 shares in the last quarter. Finally, Silicon Valley Capital Partners increased its position in shares of Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after purchasing an additional 66,882 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Up 2.1 %

Shares of RBLX stock traded up $1.36 during trading hours on Monday, hitting $65.56. 7,816,457 shares of the company were exchanged, compared to its average volume of 9,516,449. The business has a 50 day moving average of $63.30 and a two-hundred day moving average of $51.30. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a market capitalization of $39.83 billion, a PE ratio of -45.21 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. Analysts anticipate that Roblox will post -1.4 earnings per share for the current fiscal year.

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.