Roblox's (RBLX) "Outperform" Rating Reaffirmed at Wedbush

Roblox (NYSE:RBLX - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Wedbush in a report issued on Friday,RTT News reports. They presently have a $83.00 target price on the stock. Wedbush's target price suggests a potential upside of 25.64% from the company's current price. Wedbush also issued estimates for Roblox's Q1 2025 earnings at ($0.43) EPS, Q2 2025 earnings at ($0.28) EPS, Q3 2025 earnings at ($0.39) EPS, Q4 2025 earnings at ($0.54) EPS, FY2025 earnings at ($1.65) EPS and FY2026 earnings at ($1.61) EPS.

RBLX has been the subject of several other research reports. Morgan Stanley raised their price target on shares of Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. BTIG Research increased their target price on shares of Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Macquarie lifted their price target on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday. Wells Fargo & Company raised their price target on Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $62.00 target price (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.19.

Roblox Trading Up 1.6 %

Shares of NYSE RBLX traded up $1.01 during mid-day trading on Friday, reaching $66.06. 4,806,806 shares of the company's stock were exchanged, compared to its average volume of 9,526,861. The firm has a market capitalization of $40.14 billion, a price-to-earnings ratio of -45.59 and a beta of 1.46. Roblox has a 52-week low of $29.55 and a 52-week high of $75.74. The company's 50-day moving average is $62.72 and its 200-day moving average is $50.93. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating 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 795.19%. Analysts expect that Roblox will post -1.4 EPS for the current fiscal year.

Insider Transactions at Roblox

In related news, Director Anthony P. Lee sold 25,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $52.34, for a total value of $1,308,500.00. Following the completion of the transaction, the director now owns 5,731,695 shares of the company's stock, valued at approximately $299,996,916.30. This represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael Guthrie sold 40,000 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $52.07, for a total transaction of $2,082,800.00. Following the completion of the sale, the chief financial officer now directly owns 352,844 shares in the company, valued at $18,372,587.08. This represents a 10.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,306,335 shares of company stock worth $77,348,316. 22.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roblox

A number of institutional investors have recently made changes to their positions in RBLX. V Square Quantitative Management LLC acquired a new position in Roblox in the third quarter worth $27,000. Frazier Financial Advisors LLC lifted its holdings in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after acquiring an additional 624 shares during the last quarter. Versant Capital Management Inc boosted its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after acquiring an additional 239 shares during the period. GAMMA Investing LLC grew its holdings in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $41,000 after purchasing an additional 530 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position 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 purchasing an additional 230 shares during the period. 94.46% of the stock is currently owned by institutional investors.

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.