Roblox (NYSE:RBLX) Stock Rating Reaffirmed by Benchmark

Benchmark reissued their buy rating on shares of Roblox (NYSE:RBLX) in a research report sent to investors on Tuesday, Benzinga reports. They currently have a $50.00 price objective on the stock.

Several other research analysts also recently weighed in on the company. Needham & Company LLC boosted their target price on Roblox from $51.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, February 8th. BMO Capital Markets boosted their target price on Roblox from $55.00 to $57.00 and gave the stock an outperform rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. upgraded Roblox from a neutral rating to an overweight rating and boosted their target price for the stock from $41.00 to $48.00 in a research note on Tuesday. Stifel Nicolaus restated a buy rating and set a $53.00 target price on shares of Roblox in a research note on Monday. Finally, Roth Mkm boosted their target price on Roblox from $50.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox presently has a consensus rating of Moderate Buy and a consensus target price of $47.60.

Roblox Price Performance

RBLX opened at $35.52 on Tuesday. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. Roblox has a 12 month low of $24.88 and a 12 month high of $47.20. The stock has a fifty day moving average price of $38.67 and a 200-day moving average price of $38.96.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.48) EPS. As a group, equities research analysts expect that Roblox will post -2.1 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total transaction of $146,760.00. Following the sale, the insider now directly owns 359,453 shares of the company’s stock, valued at $13,188,330.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Roblox news, insider Mark Reinstra sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total transaction of $146,760.00. Following the transaction, the insider now owns 359,453 shares in the company, valued at $13,188,330.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $36.06, for a total value of $1,081,800.00. Following the transaction, the chief financial officer now owns 396,709 shares in the company, valued at approximately $14,305,326.54. The disclosure for this sale can be found here. Insiders have sold a total of 699,374 shares of company stock valued at $29,183,298 over the last ninety days. Company insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in Roblox during the fourth quarter worth approximately $25,000. Blue Trust Inc. lifted its position in shares of Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after acquiring an additional 912 shares in the last quarter. Allworth Financial LP lifted its position in shares of Roblox by 90.2% in the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after acquiring an additional 587 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of Roblox in the fourth quarter valued at approximately $58,000. Finally, Principal Securities Inc. purchased a new position in shares of Roblox in the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It 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 experience; and Roblox Cloud, which provides services and infrastructure that power the platform.