Roblox (NYSE:RBLX) Earns Hold Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Roblox (NYSE:RBLX) in a report published on Thursday morning, Marketbeat reports. The firm issued a hold rating and a $42.00 price objective on the stock.

A number of other analysts have also recently weighed in on the company. Morgan Stanley cut their price target on Roblox from $42.00 to $35.00 and set an equal weight rating on the stock in a research note on Friday, May 10th. Stifel Nicolaus reaffirmed a buy rating and issued a $53.00 price target on shares of Roblox in a report on Monday, April 22nd. Roth Capital downgraded shares of Roblox from a strong-buy rating to a hold rating in a research report on Tuesday, May 14th. Barclays dropped their target price on shares of Roblox from $46.00 to $35.00 and set an equal weight rating on the stock in a research report on Friday, May 10th. Finally, BTIG Research reduced their price target on shares of Roblox from $54.00 to $46.00 and set a buy rating for the company in a research report on Friday, May 10th. 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’s stock. According to data from MarketBeat.com, Roblox has an average rating of Moderate Buy and a consensus price target of $42.59.

Roblox Trading Up 5.2 %

Shares of RBLX opened at $40.53 on Thursday. Roblox has a 1 year low of $24.88 and a 1 year high of $47.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. The stock has a 50-day simple moving average of $35.48 and a 200-day simple moving average of $38.32.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The company had revenue of $923.76 million during the quarter, compared to the consensus estimate of $918.85 million. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, equities analysts forecast that Roblox will post -1.67 earnings per share for the current year.

Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares in the company, valued at $14,168,620.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the transaction, the chief financial officer now owns 374,633 shares in the company, valued at $14,168,620.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gregory Baszucki sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $36.67, for a total value of $476,710.00. Following the completion of the transaction, the director now directly owns 9,721,603 shares in the company, valued at $356,491,182.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 314,221 shares of company stock valued at $10,951,185. 22.15% of the stock is currently owned by corporate insiders.

Institutional Trading of Roblox

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after buying an additional 4,818,022 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Roblox by 3.1% during the first quarter. Baillie Gifford & Co. now owns 28,607,151 shares of the company’s stock valued at $1,092,221,000 after purchasing an additional 867,805 shares during the last quarter. Ieq Capital LLC grew its stake in Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after buying an additional 2,684,713 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Roblox by 9.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,493,091 shares of the company’s stock valued at $324,266,000 after acquiring an additional 764,481 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Roblox by 195.1% in the fourth quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock worth $357,043,000 after acquiring an additional 5,162,833 shares in the last quarter. 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.