Roblox (NYSE:RBLX) Earns Outperform Rating from Analysts at CICC Research

CICC Research began coverage on shares of Roblox (NYSE:RBLX - Free Report) in a research report report published on Tuesday,Benzinga reports. The brokerage issued an outperform rating on the stock.

A number of other equities analysts also recently issued reports on RBLX. Raymond James reiterated a "strong-buy" rating and issued a $60.00 price objective on shares of Roblox in a report on Friday, November 22nd. Canaccord Genuity Group lifted their price target 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. Macquarie upped their price objective on shares of Roblox from $50.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group upped their price target on Roblox from $45.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $56.62.

Roblox Trading Up 1.4 %

Shares of RBLX stock traded up $0.83 during trading hours on Tuesday, reaching $62.20. The company's stock had a trading volume of 7,652,419 shares, compared to its average volume of 6,515,859. 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 one year low of $29.55 and a one year high of $63.58. The stock has a market capitalization of $37.79 billion, a P/E ratio of -37.93 and a beta of 1.43. The firm's fifty day simple moving average is $56.39 and its 200 day simple moving average is $47.12.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the business posted ($0.45) earnings per share. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts expect that Roblox will post -1.56 EPS for the current year.

Insider Buying and Selling at Roblox

In related news, insider Manuel Bronstein sold 44,888 shares of Roblox 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 transaction, the insider now directly owns 573,266 shares in the company, valued at approximately $34,401,692.66. The trade was a 7.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Reinstra sold 16,480 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was 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 approximately $14,305,820.23. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,254,601 shares of company stock valued at $65,622,735. 22.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roblox

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