Roblox Corporation (NYSE:RBLX) Receives $117.35 Average Target Price from Analysts

Shares of Roblox Corporation (NYSE:RBLX) have been assigned a consensus rating of “Moderate Buy” from the twenty-eight brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $116.8077.

A number of equities research analysts have issued reports on the company. TD Cowen reissued a “sell” rating on shares of Roblox in a research report on Tuesday, January 27th. UBS Group set a $74.00 price objective on Roblox in a report on Friday, February 6th. Jefferies Financial Group set a $85.00 target price on Roblox in a report on Thursday, January 15th. BTIG Research reissued a “buy” rating and set a $141.00 target price on shares of Roblox in a research report on Friday, February 6th. Finally, Needham & Company LLC cut their price target on shares of Roblox from $159.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 6th.

Roblox Stock Down 0.3%

Shares of RBLX opened at $56.80 on Tuesday. Roblox has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The company’s fifty day moving average is $67.64 and its two-hundred day moving average is $94.29. The firm has a market cap of $37.58 billion, a PE ratio of -36.64 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last released 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 business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The business’s revenue for the quarter was up 122.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.33) EPS. Analysts forecast that Roblox will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In other news, insider Mark Reinstra sold 60,000 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $63.94, for a total value of $3,836,400.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 7,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total transaction of $577,150.00. Following the completion of the transaction, the director directly owned 256,768 shares in the company, valued at approximately $21,170,521.60. This represents a 2.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 636,248 shares of company stock valued at $46,013,542 over the last quarter. Company insiders own 12.92% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RBLX. Hsbc Holdings PLC lifted its stake in shares of Roblox by 127.7% during the fourth quarter. Hsbc Holdings PLC now owns 625,234 shares of the company’s stock worth $50,786,000 after purchasing an additional 350,686 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Roblox by 97,100.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 972 shares of the company’s stock valued at $79,000 after buying an additional 971 shares in the last quarter. Reflection Asset Management purchased a new stake in shares of Roblox during the 4th quarter valued at about $60,000. Wick Capital Partners LLC purchased a new stake in shares of Roblox during the 4th quarter valued at about $483,000. Finally, MidFirst Bank acquired a new position in Roblox during the 4th quarter worth approximately $250,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Company Profile

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.