Roblox Co. (NYSE:RBLX) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Roblox Co. (NYSE:RBLX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $64.19.

Several research firms have recently issued reports on RBLX. Barclays dropped their price objective on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Morgan Stanley upped their price target on Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Macquarie lifted their price objective on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a report 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 note on Tuesday, January 28th. Finally, OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd.

Roblox Trading Down 2.3 %

Shares of RBLX traded down $1.33 on Friday, hitting $57.24. 11,385,225 shares of the stock traded hands, compared to its average volume of 7,565,890. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm has a market capitalization of $35.43 billion, a P/E ratio of -39.48 and a beta of 1.49. The stock's 50 day moving average is $64.23 and its two-hundred day moving average is $54.07. Roblox has a 1 year low of $29.55 and a 1 year high of $75.74.

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Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) 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%. As a group, sell-side analysts predict that Roblox will post -1.49 earnings per share for the current year.

Insiders Place Their Bets

In other Roblox news, insider Manuel Bronstein sold 44,888 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the completion of the transaction, the insider now owns 573,266 shares in the company, valued at approximately $34,401,692.66. The trade was a 7.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Guthrie sold 50,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total value of $3,007,000.00. Following the transaction, the chief financial officer now owns 395,465 shares of the company's stock, 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 quarter, insiders sold 961,255 shares of company stock worth $62,394,678. 22.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RBLX. Janney Montgomery Scott LLC increased its position in Roblox by 94.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company's stock worth $815,000 after purchasing an additional 8,939 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Roblox by 8.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 37,686 shares of the company's stock worth $1,667,000 after purchasing an additional 2,932 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Roblox by 308.2% during the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company's stock worth $8,047,000 after acquiring an additional 137,267 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Roblox during the 3rd quarter worth about $100,000. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of Roblox by 23.2% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 447,067 shares of the company's stock worth $19,783,000 after acquiring an additional 84,198 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

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.