Roblox (NYSE:RBLX) Price Target Raised to $164.00

Roblox (NYSE:RBLX) had its price target hoisted by stock analysts at Macquarie from $158.00 to $164.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Macquarie’s target price points to a potential upside of 57.47% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday. BTIG Research reduced their price objective on Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Wall Street Zen upgraded Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Bank of America lifted their price target on Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Finally, Wedbush reaffirmed an “outperform” rating and set a $165.00 target price on shares of Roblox in a research note on Thursday, September 4th. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

Roblox Stock Performance

Shares of RBLX traded down $3.51 during trading hours on Tuesday, reaching $104.15. 4,529,472 shares of the company traded hands, compared to its average volume of 8,568,430. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. The business has a fifty day moving average price of $130.06 and a 200-day moving average price of $110.04. The stock has a market capitalization of $67.18 billion, a P/E ratio of -72.99 and a beta of 1.63. Roblox has a 12-month low of $47.95 and a 12-month high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.07. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm’s revenue was up 70.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Roblox will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Arvind Chakravarthy sold 20,552 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the sale, the insider owned 242,469 shares of the company’s stock, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $135.02, for a total transaction of $810,120.00. Following the completion of the sale, the insider directly owned 272,642 shares in the company, valued at approximately $36,812,122.84. The trade was a 2.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 183,119 shares of company stock valued at $23,527,437. 12.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Roblox

A number of large investors have recently bought and sold shares of RBLX. Teacher Retirement System of Texas grew its position in Roblox by 1,483.9% during the 1st quarter. Teacher Retirement System of Texas now owns 70,989 shares of the company’s stock worth $4,138,000 after acquiring an additional 66,507 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Roblox by 4.3% during the first quarter. D.A. Davidson & CO. now owns 25,657 shares of the company’s stock worth $1,496,000 after purchasing an additional 1,055 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Roblox by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 1,748,853 shares of the company’s stock worth $101,941,000 after purchasing an additional 12,297 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in Roblox during the 1st quarter worth about $58,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in Roblox during the 1st quarter worth about $201,000. 94.46% of the stock is currently owned by institutional investors.

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.