Roblox (NYSE:RBLX) Given “Buy” Rating at BTIG Research

Roblox (NYSE:RBLXGet Free Report)‘s stock had its “buy” rating reissued by analysts at BTIG Research in a report released on Friday,Benzinga reports. They currently have a $141.00 price target on the stock. BTIG Research’s price target suggests a potential upside of 132.63% from the company’s current price.

Several other analysts have also recently commented on RBLX. Roth Mkm reaffirmed a “neutral” rating and issued a $146.00 target price on shares of Roblox in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on Roblox in a research report on Tuesday, January 20th. Wedbush dropped their target price on Roblox from $165.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, January 30th. Macquarie raised their price target on shares of Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Finally, Piper Sandler set a $100.00 price objective on shares of Roblox in a research report on Friday. Sixteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $123.58.

View Our Latest Report on RBLX

Roblox Stock Performance

Roblox stock opened at $60.61 on Friday. Roblox has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The firm’s 50 day simple moving average is $81.76 and its 200-day simple moving average is $108.29. 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 company has a market cap of $39.69 billion, a P/E ratio of -42.38 and a beta of 1.63.

Roblox (NYSE:RBLXGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.04. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm earned ($0.33) EPS. The firm’s quarterly revenue was up 122.6% on a year-over-year basis. As a group, equities research analysts predict that Roblox will post -1.49 EPS for the current year.

Insider Buying and Selling

In other news, Director Anthony P. Lee sold 7,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total transaction of $577,150.00. Following the completion of the sale, the director owned 256,768 shares in the company, valued at approximately $21,170,521.60. This represents a 2.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Reinstra sold 16,782 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.24, for a total value of $1,598,317.68. Following the sale, the insider directly owned 370,532 shares of the company’s stock, valued at $35,289,467.68. The trade was a 4.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 423,899 shares of company stock valued at $37,883,851. 12.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RBLX. Reyes Financial Architecture Inc. increased its position in Roblox by 164.4% during the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock worth $25,000 after acquiring an additional 194 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Roblox in the 3rd quarter valued at $26,000. Total Investment Management Inc. acquired a new position in shares of Roblox in the 2nd quarter valued at $29,000. Indiana Trust & Investment Management Co acquired a new position in shares of Roblox in the 4th quarter valued at $32,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Roblox during the 2nd quarter worth about $34,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

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About Roblox

(Get Free Report)

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.

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