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

Shares of Roblox Co. (NYSE:RBLX - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-four brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $57.48.

A number of equities research analysts recently issued reports on the company. CICC Research started coverage on Roblox in a research report on Tuesday. They set an "outperform" rating on the stock. Benchmark increased their target price on Roblox from $44.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Barclays boosted their price target on Roblox from $40.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Needham & Company LLC boosted their target price on shares of Roblox from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, November 1st.

Insider Activity

In related news, insider Manuel Bronstein sold 37,846 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.03, for a total value of $1,969,127.38. Following the sale, the insider now owns 674,259 shares of the company's stock, valued at $35,081,695.77. The trade was a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 2,186 shares of the firm's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now directly owns 91,062 shares of the company's stock, valued at approximately $4,817,179.80. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,254,601 shares of company stock valued at $65,622,735 over the last quarter. 22.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Roblox during the third quarter worth $27,000. Frazier Financial Advisors LLC boosted its position in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock valued at $28,000 after acquiring an additional 624 shares during the last quarter. Versant Capital Management Inc grew its holdings in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares during the period. GAMMA Investing LLC raised its position in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $41,000 after acquiring an additional 530 shares in the last quarter. Finally, Huntington National Bank lifted its stake in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company's stock valued at $46,000 after purchasing an additional 770 shares during the period. Institutional investors own 94.46% of the company's stock.

Roblox Stock Performance

RBLX stock traded up $1.71 during trading hours on Thursday, hitting $65.45. 9,820,863 shares of the stock were exchanged, compared to its average volume of 6,802,186. Roblox has a 12 month low of $29.55 and a 12 month high of $66.51. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $39.77 billion, a P/E ratio of -39.91 and a beta of 1.43. The company has a 50-day simple moving average of $56.61 and a two-hundred day simple moving average of $47.23.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the company earned ($0.45) EPS. The business's revenue was up 9.5% on a year-over-year basis. On average, analysts forecast that Roblox will post -1.56 earnings per share for the current fiscal 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.