Shares of Roblox Co. (NYSE:RBLX – Get Rating) have been given a consensus rating of “Hold” by the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $35.72.
RBLX has been the subject of a number of research reports. Jefferies Financial Group lowered their price target on shares of Roblox from $43.00 to $40.00 and set a “hold” rating for the company in a report on Friday, October 14th. JPMorgan Chase & Co. lowered shares of Roblox from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $53.00 to $35.00 in a report on Thursday, November 10th. DA Davidson decreased their price target on shares of Roblox from $55.00 to $50.00 in a report on Thursday, November 10th. Stifel Nicolaus decreased their price target on shares of Roblox from $48.00 to $44.00 in a report on Thursday, December 15th. Finally, Citigroup cut their price objective on shares of Roblox from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, November 21st.
Roblox Stock Down 1.6 %
Shares of RBLX opened at $26.33 on Wednesday. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of -19.95 and a beta of 1.54. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.33. Roblox has a 12 month low of $21.65 and a 12 month high of $106.69. The company has a 50-day moving average price of $34.70 and a two-hundred day moving average price of $37.59.
Roblox (NYSE:RBLX – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.14). Roblox had a negative return on equity of 145.60% and a negative net margin of 35.12%. The business had revenue of $701.72 million for the quarter, compared to the consensus estimate of $694.88 million. Equities analysts predict that Roblox will post -1.58 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CAO Amy Marie Rawlings sold 2,976 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $30.14, for a total transaction of $89,696.64. Following the completion of the sale, the chief accounting officer now directly owns 93,923 shares of the company’s stock, valued at $2,830,839.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Amy Marie Rawlings sold 2,976 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $30.14, for a total value of $89,696.64. Following the sale, the chief accounting officer now owns 93,923 shares in the company, valued at $2,830,839.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Baszucki sold 550,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $31.85, for a total value of $17,517,500.00. Following the transaction, the chief executive officer now owns 1 shares in the company, valued at approximately $31.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 590,999 shares of company stock worth $18,799,318. Insiders own 28.22% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Raymond James & Associates raised its holdings in shares of Roblox by 5.0% in the first quarter. Raymond James & Associates now owns 184,767 shares of the company’s stock worth $8,544,000 after acquiring an additional 8,747 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Roblox by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock valued at $36,481,000 after purchasing an additional 39,203 shares during the last quarter. US Bancorp DE lifted its holdings in Roblox by 11.5% during the 1st quarter. US Bancorp DE now owns 31,370 shares of the company’s stock worth $1,450,000 after buying an additional 3,226 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Roblox by 66.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 109,581 shares of the company’s stock worth $5,067,000 after purchasing an additional 43,611 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in Roblox by 12.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 9,918 shares of the company’s stock valued at $459,000 after acquiring an additional 1,062 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.
About Roblox
Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.
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