Roblox Co. (NYSE:RBLX - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $62.35 and last traded at $62.30, with a volume of 944469 shares traded. The stock had previously closed at $60.47.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on RBLX. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Raymond James restated a "strong-buy" rating and issued a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Barclays lifted their price objective on Roblox from $40.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Morgan Stanley raised Roblox from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $38.00 to $65.00 in a research note on Monday, November 4th. Finally, BTIG Research lifted their price target on shares of Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $55.67.
Read Our Latest Report on Roblox
Roblox Stock Up 2.2 %
The stock has a market cap of $37.55 billion, a P/E ratio of -37.69 and a beta of 1.43. The firm has a 50 day simple moving average of $54.39 and a 200-day simple moving average of $45.86. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.
Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted ($0.45) EPS. The company's quarterly revenue was up 9.5% on a year-over-year basis. On average, equities research analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Anthony P. Lee sold 200,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the transaction, the director now owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. This trade represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Baszucki sold 166,668 shares of the business's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $42.15, for a total value of $7,025,056.20. Following the completion of the sale, the chief executive officer now owns 135,755 shares of the company's stock, valued at $5,722,073.25. This trade represents a 55.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,254,601 shares of company stock valued at $65,622,735. Company insiders own 22.15% of the company's stock.
Institutional Investors Weigh In On Roblox
A number of institutional investors have recently modified their holdings of the business. ValueAct Holdings L.P. raised its stake in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock worth $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. FMR LLC increased its holdings in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the period. Dragoneer Investment Group LLC raised its position in shares of Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock valued at $437,039,000 after buying an additional 2,488,044 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Roblox in the third quarter valued at approximately $107,491,000. Finally, Greenvale Capital LLP acquired a new stake in Roblox during the second quarter worth approximately $89,304,000. Institutional investors own 94.46% of the company's stock.
About Roblox
(
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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.
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