Roblox Corporation (NYSE:RBLX) Receives $135.23 Average Price Target from Brokerages

Shares of Roblox Corporation (NYSE:RBLX) have been given a consensus recommendation of “Moderate Buy” by the twenty-eight brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $133.7692.

RBLX has been the subject of a number of analyst reports. TD Cowen restated a “sell” rating on shares of Roblox in a research note on Tuesday. Piper Sandler reiterated an “overweight” rating and set a $125.00 target price on shares of Roblox in a research note on Tuesday. Macquarie lifted their price target on shares of Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Jefferies Financial Group set a $85.00 price objective on shares of Roblox in a research note on Thursday, January 15th. Finally, Oppenheimer reissued an “outperform” rating and issued a $150.00 target price on shares of Roblox in a research report on Friday, October 31st.

Insider Transactions at Roblox

In other news, CFO Naveen K. Chopra sold 19,424 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,849,747.52. Following the completion of the sale, the chief financial officer directly owned 337,036 shares in the company, valued at approximately $32,095,938.28. The trade was a 5.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 66,896 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $76.48, for a total value of $5,116,206.08. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 504,300 shares of company stock valued at $46,290,436 over the last 90 days. Corporate insiders own 12.92% of the company’s stock.

Institutional Trading of Roblox

A number of institutional investors and hedge funds have recently modified their holdings of RBLX. NewEdge Advisors LLC boosted its holdings in shares of Roblox by 2.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after buying an additional 231 shares during the period. Sivia Capital Partners LLC lifted its holdings in Roblox by 70.2% in the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after acquiring an additional 5,363 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Roblox by 21.4% in the second quarter. Farther Finance Advisors LLC now owns 801 shares of the company’s stock valued at $84,000 after acquiring an additional 141 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Roblox by 66.0% during the second quarter. Park Avenue Securities LLC now owns 8,358 shares of the company’s stock valued at $879,000 after purchasing an additional 3,324 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Roblox by 124.7% during the second quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock valued at $56,000 after purchasing an additional 298 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Stock Performance

Roblox stock opened at $75.34 on Monday. Roblox has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a market capitalization of $49.34 billion, a price-to-earnings ratio of -52.68 and a beta of 1.64. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s fifty day moving average price is $84.77 and its 200 day moving average price is $110.39.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company posted ($0.37) EPS. The firm’s revenue for the quarter was up 70.3% on a year-over-year basis. On average, research analysts forecast that Roblox will post -1.49 EPS for the current fiscal year.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.