Roblox (NYSE:RBLX) Trading 2.9% Higher - What's Next?

Roblox Co. (NYSE:RBLX - Get Free Report) was up 2.9% on Friday . The company traded as high as $59.00 and last traded at $59.63. Approximately 1,462,330 shares were traded during trading, a decline of 81% from the average daily volume of 7,563,877 shares. The stock had previously closed at $57.92.

Analysts Set New Price Targets

A number of analysts recently commented on RBLX shares. Macquarie upped their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Wells Fargo & Company raised their price target on Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Needham & Company LLC boosted their price objective on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Barclays lowered their target price on Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Finally, Citigroup upped their price target on shares of Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.19.

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Roblox Stock Performance

The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The company has a market capitalization of $38.38 billion, a price-to-earnings ratio of -42.77 and a beta of 1.49. The stock has a 50-day moving average price of $63.53 and a 200-day moving average price of $55.24.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts' consensus estimates 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, analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity

In related news, CFO Michael Guthrie sold 26,154 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the sale, the chief financial officer now owns 417,079 shares of the company's stock, valued at $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anthony P. Lee sold 250,000 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the transaction, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 926,466 shares of company stock valued at $60,212,297. 22.15% of the stock is owned by company insiders.

Institutional Trading of Roblox

Several large investors have recently made changes to their positions in RBLX. Versant Capital Management Inc lifted its stake in Roblox by 83.9% during the fourth 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 last quarter. Gordian Capital Singapore Pte Ltd raised its holdings 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 buying an additional 240 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of Roblox during the 4th quarter worth $41,000. Parkside Financial Bank & Trust boosted its stake 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. grew its position in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

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.