Roblox (NYSE:RBLX) Coverage Initiated by Analysts at FBN Securities

FBN Securities assumed coverage on shares of Roblox (NYSE:RBLX) in a report issued on Friday, Marketbeat Ratings reports. The brokerage issued a sector perform rating and a $65.00 price objective on the stock.

A number of other brokerages have also recently commented on RBLX. Wedbush reaffirmed an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Barclays decreased their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Finally, Macquarie increased their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.23.

Roblox Stock Performance

Shares of NYSE:RBLX opened at $58.99 on Friday. The stock has a market capitalization of $36.51 billion, a P/E ratio of -40.68 and a beta of 1.49. 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 has a 1-year low of $29.55 and a 1-year high of $75.74. The business has a 50-day moving average price of $63.22 and a two-hundred day moving average price of $55.41.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share 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%. Equities analysts predict that Roblox will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other Roblox news, CEO David Baszucki sold 34,099 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the transaction, the chief executive officer now owns 221,983 shares of the company’s stock, valued at $12,664,130.15. The trade was a 13.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the sale, the insider now directly owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 926,466 shares of company stock valued at $60,212,297 over the last 90 days. 22.15% of the stock is owned by corporate insiders.

Institutional Trading of Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. Toronto Dominion Bank raised its holdings in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after purchasing an additional 15,333 shares during the period. Smith Group Asset Management LLC increased its position in Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after buying an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in Roblox in the fourth quarter valued at approximately $363,000. Silicon Valley Capital Partners lifted its position in shares of Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after buying an additional 66,882 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after acquiring an additional 1,971 shares during the period. 94.46% of the stock is owned by institutional investors.

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.