Roblox Co. (NYSE:RBLX) Receives Consensus Rating of “Moderate Buy” from Analysts

Roblox Co. (NYSE:RBLX) has been given a consensus rating of “Moderate Buy” by the twenty-five research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $64.19.

RBLX has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Barclays reduced their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. 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. Finally, 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 note on Friday, February 7th.

Roblox Stock Down 2.0 %

RBLX stock opened at $55.75 on Friday. The company has a market cap of $34.51 billion, a P/E ratio of -38.45 and a beta of 1.49. Roblox has a 52 week low of $29.55 and a 52 week high of $75.74. The company’s 50-day moving average price is $63.99 and its 200 day moving average price is $54.24. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating 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, research analysts expect that Roblox will post -1.49 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other news, insider Manuel Bronstein sold 14,721 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.10, for a total value of $899,453.10. Following the completion of the sale, the insider now owns 598,929 shares in the company, valued at approximately $36,594,561.90. This trade represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Reinstra sold 24,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the completion of the sale, the insider now owns 278,161 shares of the company’s stock, valued at approximately $16,620,119.75. This trade represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 916,367 shares of company stock worth $59,700,949. 22.15% of the stock is owned by insiders.

Institutional Investors Weigh In On Roblox

A number of large investors have recently modified their holdings of RBLX. FMR LLC grew its stake in shares of Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. ValueAct Holdings L.P. boosted its holdings in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Roblox by 1,084.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock valued at $278,500,000 after purchasing an additional 4,406,885 shares during the last quarter. Finally, Durable Capital Partners LP purchased a new position in Roblox in the fourth quarter valued at about $246,560,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.