Weekly Investment Analysts’ Ratings Updates for Roblox (RBLX)

Several brokerages have updated their recommendations and price targets on shares of Roblox (NYSE: RBLX) in the last few weeks:

• 10/9/2024 – Roblox had its price target raised by analysts at Wells Fargo & Company from $46.00 to $54.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – Roblox had its price target raised by analysts at Piper Sandler from $48.00 to $54.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – Roblox had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $49.00 price target on the stock.
• 9/25/2024 – Roblox had its price target raised by analysts at Citigroup Inc. from $46.00 to $53.00. They now have a “buy” rating on the stock.
• 9/9/2024 – Roblox had its price target raised by analysts at BTIG Research from $47.00 to $51.00. They now have a “buy” rating on the stock.

Roblox Trading Down 0.4 %

NYSE:RBLX traded down $0.16 during mid-day trading on Friday, reaching $41.24. 1,931,926 shares of the company’s stock traded hands, compared to its average volume of 7,312,576. The company has a 50 day moving average price of $42.67 and a 200-day moving average price of $38.80. The firm has a market capitalization of $24.68 billion, a price-to-earnings ratio of -23.98 and a beta of 1.60. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $48.43.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The company had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same period in the previous year, the company posted ($0.46) earnings per share. The firm’s revenue was up 31.2% on a year-over-year basis. On average, sell-side analysts predict that Roblox Co. will post -1.59 earnings per share for the current year.

Insider Buying and Selling at Roblox

In related news, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the sale, the chief accounting officer now directly owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the sale, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at $14,643,026. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 4,933 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the sale, the chief accounting officer now owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 625,673 shares of company stock worth $27,331,806. 22.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Roblox

A number of large investors have recently bought and sold shares of RBLX. PARK CIRCLE Co bought a new stake in Roblox during the 2nd quarter valued at about $30,000. GAMMA Investing LLC boosted its holdings in shares of Roblox by 132.8% in 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 period. Gilliland Jeter Wealth Management LLC grew its stake in Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in shares of Roblox during the 1st quarter worth $39,000. Finally, Allspring Global Investments Holdings LLC increased its position in Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after purchasing an additional 548 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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.