Analysts Set Roblox Co. (NYSE:RBLX) Price Target at $56.62

Roblox Co. (NYSE:RBLX) has been assigned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $57.48.

Several brokerages have recently issued reports on RBLX. HSBC assumed coverage on shares of Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price for the company. Needham & Company LLC upped their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup lifted their target price on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their target price on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price target on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st.

Insider Buying and Selling at Roblox

In other Roblox news, insider Manuel Bronstein sold 37,846 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.03, for a total transaction of $1,969,127.38. Following the transaction, the insider now directly owns 674,259 shares in the company, valued at approximately $35,081,695.77. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the transaction, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at approximately $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,504,601 shares of company stock valued at $81,882,735. 22.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roblox

Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank grew its stake in 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 acquiring an additional 15,333 shares during the last quarter. Entropy Technologies LP grew its position in shares of Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after purchasing an additional 62,521 shares during the last quarter. Dragoneer Investment Group LLC grew its position in shares of Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Roblox by 12,971.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock worth $2,302,000 after purchasing an additional 51,626 shares in the last quarter. Finally, State Street Corp raised its position in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after purchasing an additional 240,565 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Up 0.5 %

Roblox stock opened at $65.57 on Thursday. The stock’s fifty day moving average is $57.12 and its two-hundred day moving average is $47.70. The stock has a market cap of $39.84 billion, a PE ratio of -39.98 and a beta of 1.43. Roblox has a 1-year low of $29.55 and a 1-year high of $66.51. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm’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) earnings per share. On average, sell-side analysts expect that Roblox will post -1.56 EPS for the current fiscal year.

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.