Roblox Co. (NYSE:RBLX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-four ratings firms that are covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $42.59.
RBLX has been the subject of several research reports. BMO Capital Markets reissued an "outperform" rating and set a $56.00 price objective (down from $57.00) on shares of Roblox in a report on Monday, May 13th. Wedbush lowered their price target on Roblox from $56.00 to $46.00 and set an "outperform" rating on the stock in a report on Friday, May 10th. Roth Capital lowered Roblox from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 14th. Wells Fargo & Company increased their target price on Roblox from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, July 8th. Finally, Benchmark dropped their target price on Roblox from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, May 10th.
View Our Latest Report on Roblox
Insider Activity
In related news, CAO Amy Marie Rawlings sold 3,910 shares of the business's stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $32.56, for a total value of $127,309.60. Following the transaction, the chief accounting officer now directly owns 98,457 shares of the company's stock, valued at approximately $3,205,759.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Andrea L. Wong sold 5,276 shares of the business's stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $31.13, for a total value of $164,241.88. Following the sale, the director now directly owns 26,319 shares in the company, valued at $819,310.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amy Marie Rawlings sold 3,910 shares of the firm's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total value of $127,309.60. Following the transaction, the chief accounting officer now owns 98,457 shares of the company's stock, valued at approximately $3,205,759.92. The disclosure for this sale can be found here. Insiders have sold 463,889 shares of company stock worth $17,050,105 over the last ninety days. Corporate insiders own 22.15% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Mutual Advisors LLC purchased a new stake in Roblox during the fourth quarter valued at approximately $252,000. Raymond James & Associates lifted its position in Roblox by 65.0% in the fourth quarter. Raymond James & Associates now owns 126,485 shares of the company's stock worth $5,783,000 after buying an additional 49,827 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Roblox by 40.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 156,117 shares of the company's stock worth $7,138,000 after buying an additional 45,237 shares during the period. Blue Trust Inc. grew its holdings in Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company's stock valued at $49,000 after purchasing an additional 912 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Roblox by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company's stock valued at $202,000 after buying an additional 320 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.
Roblox Stock Up 1.5 %
RBLX stock traded up $0.60 during midday trading on Thursday, hitting $40.56. The company's stock had a trading volume of 3,588,902 shares, compared to its average volume of 7,396,696. The firm's 50-day moving average is $36.43 and its 200-day moving average is $38.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a market cap of $23.98 billion, a PE ratio of -22.07 and a beta of 1.59.
Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.53) by $0.10. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The firm had revenue of $923.76 million for the quarter, compared to the consensus estimate of $918.85 million. During the same period in the prior year, the company posted ($0.44) earnings per share. The company's quarterly revenue was up 19.4% on a year-over-year basis. On average, equities research analysts forecast that Roblox will post -1.67 earnings per share for the current fiscal year.
About Roblox
(Get Free Report
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.
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