Roblox Co. (NYSE:RBLX - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $58.29, but opened at $62.23. Roblox shares last traded at $58.83, with a volume of 3,314,647 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on RBLX shares. Macquarie lifted their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their target price on Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Needham & Company LLC boosted their price objective on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wells Fargo & Company increased their target price on Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Barclays lowered their target price on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.23.
Read Our Latest Stock Report on RBLX
Roblox Stock Down 9.2 %
The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market capitalization of $32.71 billion, a P/E ratio of -36.44 and a beta of 1.49. The business's fifty day moving average price is $62.71 and its two-hundred day moving average price is $55.81.
Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CEO David Baszucki sold 138,555 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the transaction, the chief executive officer now directly owns 129,301 shares in the company, valued at $9,260,537.62. The trade was a 51.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares of the company's stock, valued at $4,909,320. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 947,666 shares of company stock valued at $61,513,341. 22.15% of the stock is currently owned by corporate insiders.
Institutional Trading of Roblox
Several hedge funds and other institutional investors have recently bought and sold shares of RBLX. 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 purchasing an additional 239 shares during the period. Gordian Capital Singapore Pte Ltd boosted its holdings in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after buying an additional 240 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Roblox during the fourth quarter valued at $41,000. Parkside Financial Bank & Trust increased its holdings in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares in the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.
Roblox Company Profile
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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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