Roth Mkm Reaffirms Neutral Rating for Roblox (NYSE:RBLX)

Roblox (NYSE:RBLX)‘s stock had its “neutral” rating reaffirmed by analysts at Roth Mkm in a note issued to investors on Tuesday, Benzinga reports. They currently have a $35.00 target price on the stock, down from their previous target price of $55.00. Roth Mkm’s price objective points to a potential upside of 13.01% from the company’s previous close.

A number of other brokerages have also commented on RBLX. BTIG Research cut their target price on Roblox from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Friday. Moffett Nathanson raised shares of Roblox from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $31.00 to $26.00 in a report on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $53.00 target price on shares of Roblox in a research report on Monday, April 22nd. Barclays dropped their price target on shares of Roblox from $46.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Needham & Company LLC decreased their price objective on Roblox from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Friday. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.76.

Roblox Stock Down 1.5 %

RBLX stock opened at $30.97 on Tuesday. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of -16.65 and a beta of 1.63. The company has a 50-day moving average of $37.44 and a two-hundred day moving average of $39.50. Roblox has a 52-week low of $24.88 and a 52-week high of $47.20. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.10. The firm had revenue of $923.76 million during the quarter, compared to the consensus estimate of $918.85 million. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.44) EPS. As a group, equities research analysts anticipate that Roblox will post -2.04 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $153,497.28. Following the completion of the sale, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at $3,906,520. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the transaction, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Reinstra sold 12,531 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.75, for a total value of $510,638.25. Following the sale, the insider now directly owns 249,779 shares of the company’s stock, valued at $10,178,494.25. The disclosure for this sale can be found here. Insiders have sold a total of 312,374 shares of company stock valued at $11,991,338 in the last 90 days. 22.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RBLX. Global Retirement Partners LLC increased its stake in Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after purchasing an additional 320 shares in the last quarter. Mystic Asset Management Inc. raised its stake in Roblox by 4.0% during the 1st quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock worth $326,000 after buying an additional 325 shares during the period. Signaturefd LLC lifted its holdings in Roblox by 9.3% during the third quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock worth $119,000 after acquiring an additional 352 shares in the last quarter. Sepio Capital LP lifted its holdings in Roblox by 3.0% during the third quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock worth $374,000 after acquiring an additional 382 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Roblox by 0.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock worth $4,297,000 after acquiring an additional 458 shares in the last quarter. Institutional investors and hedge funds 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.