Roblox (NYSE:RBLX) Shares Gap Down to $39.03

Shares of Roblox Co. (NYSE:RBLX) gapped down prior to trading on Thursday . The stock had previously closed at $39.03, but opened at $29.92. Roblox shares last traded at $30.21, with a volume of 19,401,430 shares trading hands.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and increased their target price for the company from $41.00 to $48.00 in a research report on Tuesday, April 23rd. BMO Capital Markets raised their target price on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Benchmark restated a “buy” rating and set a $50.00 price objective on shares of Roblox in a research report on Tuesday, April 23rd. Roth Mkm reissued a “buy” rating and issued a $55.00 price target on shares of Roblox in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $53.00 target price on shares of Roblox in a research note on Monday, April 22nd. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Roblox Trading Down 20.8 %

The company has a fifty day moving average of $38.00 and a 200-day moving average of $39.45. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $19.54 billion, a PE ratio of -15.96 and a beta of 1.63.

Roblox (NYSE:RBLX) last posted its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted ($0.48) earnings per share. The business’s quarterly revenue was up 25.3% on a year-over-year basis. On average, sell-side analysts anticipate that Roblox Co. will post -2.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $44.15, for a total value of $8,830,000.00. Following the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at approximately $44.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the completion of the sale, the chief accounting officer now owns 96,125 shares in the company, valued at approximately $3,906,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at $44.15. The disclosure for this sale can be found here. In the last three months, insiders sold 712,374 shares of company stock valued at $29,639,338. Company insiders own 22.15% of the company’s stock.

Institutional Trading of Roblox

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Roblox in the 4th quarter valued at $25,000. Washington Trust Advisors Inc. acquired a new position in Roblox in the first quarter valued at about $39,000. Blue Trust Inc. grew its stake in Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after buying an additional 912 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Roblox during the first quarter worth approximately $52,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Roblox by 306.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,483 shares of the company’s stock valued at $56,000 after acquiring an additional 1,118 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

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.