Shares of Roblox Co. (NYSE:RBLX – Get Rating) have been given an average rating of “Hold” by the twenty-four research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $40.61.
A number of research firms recently weighed in on RBLX. Moffett Nathanson started coverage on shares of Roblox in a research note on Monday, October 3rd. They set an “underperform” rating and a $19.00 price target for the company. Cowen lowered their target price on shares of Roblox to $27.00 in a research note on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Roblox from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, November 14th. DA Davidson lowered their target price on shares of Roblox from $55.00 to $50.00 in a research note on Thursday, November 10th. Finally, Truist Financial lowered their target price on shares of Roblox to $37.00 in a research note on Monday, November 28th.
Insider Buying and Selling
In other Roblox news, insider Craig Donato sold 7,674 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $30.14, for a total value of $231,294.36. Following the completion of the sale, the insider now owns 1,161,267 shares in the company, valued at $35,000,587.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Roblox news, insider Craig Donato sold 7,674 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $30.14, for a total value of $231,294.36. Following the completion of the sale, the insider now owns 1,161,267 shares in the company, valued at $35,000,587.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 7,769 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $30.14, for a total transaction of $234,157.66. Following the completion of the transaction, the chief financial officer now directly owns 193,137 shares in the company, valued at $5,821,149.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 615,233 shares of company stock worth $19,920,813. 28.22% of the stock is owned by insiders.
Hedge Funds Weigh In On Roblox
Several large investors have recently modified their holdings of the stock. Bard Financial Services Inc. raised its position in shares of Roblox by 0.3% in the third quarter. Bard Financial Services Inc. now owns 76,865 shares of the company’s stock valued at $2,755,000 after purchasing an additional 250 shares during the period. Wetherby Asset Management Inc. increased its position in Roblox by 7.4% during the first quarter. Wetherby Asset Management Inc. now owns 4,366 shares of the company’s stock worth $202,000 after acquiring an additional 300 shares during the period. EP Wealth Advisors LLC increased its position in Roblox by 3.0% during the first quarter. EP Wealth Advisors LLC now owns 11,902 shares of the company’s stock worth $550,000 after acquiring an additional 342 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in Roblox by 4.5% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 8,118 shares of the company’s stock worth $267,000 after acquiring an additional 348 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Roblox by 2.2% during the second quarter. Geneos Wealth Management Inc. now owns 16,652 shares of the company’s stock worth $583,000 after acquiring an additional 351 shares during the period. 69.35% of the stock is owned by institutional investors.
Roblox Price Performance
Shares of RBLX stock opened at $33.99 on Friday. Roblox has a 1 year low of $21.65 and a 1 year high of $125.99. The firm’s 50 day moving average is $37.41 and its 200-day moving average is $37.67. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of -25.75 and a beta of 1.55. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.33.
Roblox (NYSE:RBLX – Get Rating) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.14). The business had revenue of $701.72 million for the quarter, compared to the consensus estimate of $694.88 million. Roblox had a negative return on equity of 145.60% and a negative net margin of 35.12%. Sell-side analysts forecast that Roblox will post -1.58 EPS for the current fiscal year.
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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