Roblox (NYSE:RBLX) Stock Price Up 9% – Time to Buy?

Roblox Corporation (NYSE:RBLXGet Free Report) shares were up 9% during mid-day trading on Monday . The company traded as high as $46.24 and last traded at $46.6880. Approximately 2,109,332 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 11,806,612 shares. The stock had previously closed at $42.85.

Analyst Ratings Changes

A number of brokerages have weighed in on RBLX. Deutsche Bank Aktiengesellschaft set a $115.00 price target on Roblox in a research report on Tuesday, January 20th. DA Davidson dropped their target price on shares of Roblox from $65.00 to $47.50 and set a “neutral” rating for the company in a research report on Friday, May 1st. Canaccord Genuity Group reduced their price target on shares of Roblox from $140.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Piper Sandler lowered Roblox from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $100.00 to $50.00 in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $87.17.

View Our Latest Research Report on Roblox

Roblox Stock Up 9.4%

The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50-day simple moving average is $55.15 and its two-hundred day simple moving average is $73.87. The stock has a market cap of $31.48 billion, a price-to-earnings ratio of -29.67 and a beta of 1.50.

Roblox (NYSE:RBLXGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. Roblox’s revenue was up 43.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.32) EPS. On average, sell-side analysts expect that Roblox Corporation will post -1.4 EPS for the current fiscal year.

Insider Transactions at Roblox

In other Roblox news, CEO David Baszucki sold 10,834 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $61.63, for a total transaction of $667,699.42. Following the transaction, the chief executive officer directly owned 800,539 shares in the company, valued at approximately $49,337,218.57. This represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew D. Kaufman sold 13,325 shares of Roblox stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $57.94, for a total transaction of $772,050.50. Following the sale, the insider owned 364,320 shares of the company’s stock, valued at approximately $21,108,700.80. This represents a 3.53% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 76,144 shares of company stock worth $4,235,769 in the last ninety days. 12.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently bought and sold shares of RBLX. Reyes Financial Architecture Inc. boosted its position in shares of Roblox by 164.4% in the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock worth $25,000 after purchasing an additional 194 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in Roblox in the first quarter valued at about $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Roblox in the third quarter valued at about $26,000. Fideuram Asset Management Ireland dac acquired a new position in Roblox in the fourth quarter valued at about $27,000. Finally, GW&K Investment Management LLC boosted its holdings in Roblox by 76.3% during the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock worth $30,000 after buying an additional 161 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Roblox Company Profile

(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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