Roblox (NYSE:RBLX – Free Report) had its price target reduced by Citigroup from $60.00 to $55.00 in a research report report published on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.
A number of other research analysts have also issued reports on the stock. Piper Sandler restated a “neutral” rating and set a $47.00 target price (down from $50.00) on shares of Roblox in a research report on Friday, July 31st. Roth Capital reiterated a “buy” rating and issued a $84.00 price target (up from $78.00) on shares of Roblox in a research report on Monday, October 26th. Barclays dropped their price target on shares of Roblox from $60.00 to $47.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Wells Fargo & Company cut Roblox from an “overweight” rating to a “cautious” rating in a research note on Monday, October 12th. Finally, JPMorgan Chase & Co. decreased their price target on Roblox from $53.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.04.
Get Our Latest Analysis on Roblox
Roblox Trading Up 8.4%
Shares of Roblox stock opened at $49.27 on Monday. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.80. The firm has a 50-day moving average of $46.77 and a 200-day moving average of $52.12. Roblox has a 52-week low of $33.88 and a 52-week high of $108.29. The stock has a market cap of $33.08 billion, a PE ratio of -35.70 and a beta of 1.45.
Roblox (NYSE:RBLX – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.11. Roblox had a negative net margin of 16.48% and a negative return on equity of 417.56%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the firm earned ($0.37) earnings per share. Roblox’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Roblox will post -1.38 EPS for the current year.
Insider Activity at Roblox
In related news, CEO David Baszucki sold 52,568 shares of Roblox stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total value of $1,995,481.28. Following the transaction, the chief executive officer directly owned 799,646 shares of the company’s stock, valued at $30,354,562.16. The trade was a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Matthew Kaufman sold 14,904 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total transaction of $565,755.84. Following the completion of the sale, the insider directly owned 335,060 shares in the company, valued at approximately $12,718,877.60. This represents a 4.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 169,724 shares of company stock valued at $6,659,063 over the last ninety days. Insiders own 10.05% of the company’s stock.
Institutional Trading of Roblox
Large investors have recently bought and sold shares of the business. Basecamp Wealth Advisors LLC grew its holdings in Roblox by 98.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $29,000 after purchasing an additional 252 shares during the period. Root Financial Partners LLC boosted its position in Roblox by 100.7% during the first quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock worth $32,000 after purchasing an additional 283 shares during the period. Activest Wealth Management boosted its position in Roblox by 72.9% during the third quarter. Activest Wealth Management now owns 588 shares of the company’s stock worth $25,000 after purchasing an additional 248 shares during the period. Western Wealth Management LLC bought a new position in Roblox during the first quarter worth about $33,000. Finally, Atlantic Private Wealth LLC purchased a new position in Roblox in the 1st quarter valued at approximately $35,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.
About Roblox
Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.
Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.
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