Roblox (NYSE:RBLX) Research Coverage Started at DA Davidson

DA Davidson assumed coverage on shares of Roblox (NYSE:RBLX) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $65.00 target price on the stock.

Other equities research analysts have also issued reports about the stock. Oppenheimer reduced their price objective on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Jefferies Financial Group set a $85.00 target price on shares of Roblox in a report on Thursday, January 15th. Wolfe Research set a $100.00 price target on shares of Roblox in a research report on Monday, January 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Finally, Needham & Company LLC dropped their price objective on Roblox from $159.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $117.35.

Roblox Trading Down 4.0%

Shares of RBLX stock opened at $63.45 on Wednesday. Roblox has a 1-year low of $50.10 and a 1-year high of $150.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock has a market cap of $41.98 billion, a price-to-earnings ratio of -40.94 and a beta of 1.62. The stock has a 50-day moving average of $72.09 and a 200-day moving average of $99.71.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The firm’s quarterly revenue was up 122.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.33) earnings per share. On average, equities research analysts forecast that Roblox will post -1.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 60,000 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the transaction, the insider owned 394,322 shares of the company’s stock, valued at $25,212,948.68. This represents a 13.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total value of $2,181,970.10. Following the completion of the sale, the insider owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. This represents a 8.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 703,144 shares of company stock valued at $51,681,640. 12.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. raised its position in shares of 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 purchasing an additional 194 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Roblox in the 3rd quarter valued at $26,000. Fideuram Asset Management Ireland dac bought a new stake in Roblox during the 4th quarter valued at $27,000. Total Investment Management Inc. bought a new stake in Roblox during the 2nd quarter valued at $29,000. Finally, GW&K Investment Management LLC raised 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. Institutional investors own 94.46% of the company’s stock.

About Roblox

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.