Roblox (NYSE:RBLX) Given Outperform Rating at BMO Capital Markets

Roblox (NYSE:RBLX)‘s stock had its “outperform” rating reiterated by investment analysts at BMO Capital Markets in a report issued on Friday, Benzinga reports. They presently have a $62.00 price target on the stock, up from their previous price target of $56.00. BMO Capital Markets’ price target would suggest a potential upside of 20.53% from the stock’s previous close.

Several other equities research analysts have also issued reports on RBLX. Roth Mkm raised their target price on Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Canaccord Genuity Group raised their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group started coverage on shares of Roblox in a research note on Thursday, July 11th. They issued a “hold” rating and a $42.00 target price on the stock. Citigroup raised their price target on shares of Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Macquarie upped their price objective on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and a consensus price target of $52.55.

Roblox Stock Down 0.5 %

Roblox stock opened at $51.44 on Friday. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $52.65. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50-day simple moving average is $43.67 and its 200 day simple moving average is $39.35. The stock has a market cap of $30.79 billion, a PE ratio of -31.37 and a beta of 1.56.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. The firm had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 1,283.93% and a negative net margin of 30.90%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.45) EPS. Research analysts predict that Roblox will post -1.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 200,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the transaction, the director now owns 4,707,579 shares of the company’s stock, valued at approximately $236,932,451.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares of the company’s stock, valued at $14,543,253.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 200,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the sale, the director now owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 979,341 shares of company stock worth $43,897,012 in the last three months. 22.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roblox

A number of large investors have recently added to or reduced their stakes in RBLX. Impact Partnership Wealth LLC grew its position in Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after acquiring an additional 245 shares during the last quarter. Swedbank AB increased its holdings in shares of Roblox by 0.5% in the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after buying an additional 285 shares during the period. Thrive Wealth Management LLC lifted its stake in shares of Roblox by 4.3% in the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after acquiring an additional 300 shares during the last quarter. Mystic Asset Management Inc. boosted its holdings in Roblox by 4.0% during the 1st quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock valued at $326,000 after acquiring an additional 325 shares during the period. Finally, Atomi Financial Group Inc. grew its position in Roblox by 0.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock worth $6,048,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 91.08% 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.