Roblox (NYSE:RBLX) Earns Buy Rating from Benchmark

Roblox (NYSE:RBLX - Get Free Report)'s stock had its "buy" rating reaffirmed by Benchmark in a research note issued on Tuesday,Benzinga reports. They presently have a $71.00 target price on the stock. Benchmark's price objective would suggest a potential upside of 15.99% from the company's current price.

Several other analysts have also recently commented on RBLX. Macquarie raised their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Wells Fargo & Company raised their price target on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. The Goldman Sachs Group raised their price target on shares of Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Moffett Nathanson cut shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a report on Friday, February 7th. Finally, Wedbush restated an "outperform" rating and set a $83.00 price target on shares of Roblox in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus target price of $64.19.

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Roblox Price Performance

Shares of RBLX stock traded up $3.29 during midday trading on Tuesday, reaching $61.21. 13,368,982 shares of the company were exchanged, compared to its average volume of 7,623,022. Roblox has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a market cap of $37.89 billion, a P/E ratio of -42.21 and a beta of 1.49. The company's 50 day moving average price is $63.54 and its two-hundred day moving average price is $54.90. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data 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, sell-side analysts expect that Roblox will post -1.49 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now directly owns 75,528 shares of the company's stock, valued at $4,909,320. This represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Reinstra sold 24,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the sale, the insider now directly owns 278,161 shares of the company's stock, valued at approximately $16,620,119.75. The trade was a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 950,466 shares of company stock worth $61,646,297 in the last 90 days. Corporate insiders own 22.15% of the company's stock.

Institutional Trading of Roblox

A number of large investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in shares of 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 in the last quarter. Gordian Capital Singapore Pte Ltd grew its stake in shares of Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after acquiring an additional 240 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of Roblox during the 4th quarter worth approximately $41,000. Parkside Financial Bank & Trust grew its stake in shares of 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 acquiring an additional 230 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company's stock worth $46,000 after acquiring an additional 770 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

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.