Brokerages Set Roblox Corporation (NYSE:RBLX) Target Price at $129.22

Roblox Corporation (NYSE:RBLX) has been given an average recommendation of “Moderate Buy” by the thirty-one analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and twenty have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $129.2222.

RBLX has been the subject of several analyst reports. Roth Capital reissued a “neutral” rating and issued a $146.00 target price on shares of Roblox in a research note on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Roblox in a research note on Wednesday, October 8th. Piper Sandler raised their target price on shares of Roblox to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. JPMorgan Chase & Co. raised their target price on shares of Roblox from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research note on Saturday.

Insider Activity at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the transaction, the insider directly owned 242,469 shares of the company’s stock, valued at $28,541,025.99. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $136.55, for a total transaction of $819,300.00. Following the transaction, the insider directly owned 278,642 shares of the company’s stock, valued at approximately $38,048,565.10. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 366,876 shares of company stock valued at $47,485,929. 12.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBLX. GAMMA Investing LLC boosted its position in Roblox by 89.5% during the first quarter. GAMMA Investing LLC now owns 2,274 shares of the company’s stock worth $133,000 after purchasing an additional 1,074 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Roblox by 138.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 139,086 shares of the company’s stock worth $8,107,000 after purchasing an additional 80,804 shares during the period. Janney Montgomery Scott LLC boosted its position in Roblox by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 26,234 shares of the company’s stock worth $1,529,000 after purchasing an additional 727 shares during the period. Praxis Investment Management Inc. lifted its holdings in shares of Roblox by 20.6% during the first quarter. Praxis Investment Management Inc. now owns 19,330 shares of the company’s stock worth $1,127,000 after buying an additional 3,300 shares in the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of Roblox during the first quarter worth $66,000. 94.46% of the stock is owned by institutional investors.

Roblox Price Performance

Shares of RBLX opened at $134.87 on Friday. The stock has a market capitalization of $86.99 billion, a P/E ratio of -94.31 and a beta of 1.63. Roblox has a twelve month low of $39.46 and a twelve month high of $150.59. The company has a 50 day moving average of $129.38 and a 200-day moving average of $104.86. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.Roblox’s revenue was up 50.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Roblox will post -1.49 EPS for the current fiscal year.

About Roblox

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.