Analysts Set Roblox Corporation (NYSE:RBLX) Target Price at $117.35

Roblox Corporation (NYSE:RBLX) has been given an average rating of “Moderate Buy” by the twenty-eight ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $116.8077.

Several equities analysts have recently issued reports on RBLX shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research note on Monday, December 29th. Morgan Stanley cut their target price on shares of Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Barclays reduced their target price on shares of Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Oppenheimer decreased their price target on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Roblox in a report on Friday, February 6th.

Insiders Place Their Bets

In related news, insider Arvind Chakravarthy sold 40,646 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total value of $2,732,630.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Reinstra sold 60,000 shares of Roblox stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $63.94, for a total value of $3,836,400.00. Following the completion of the transaction, the insider directly owned 394,322 shares in the company, valued at $25,212,948.68. This represents a 13.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 636,248 shares of company stock worth $46,013,542. Corporate insiders own 12.92% of the company’s stock.

Institutional Trading of Roblox

A number of hedge funds have recently bought and sold shares of the company. WPG Advisers LLC grew its position in Roblox by 17.8% in the 3rd quarter. WPG Advisers LLC now owns 555 shares of the company’s stock worth $77,000 after purchasing an additional 84 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Roblox by 1.4% during the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after buying an additional 102 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Roblox by 58.7% in the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after buying an additional 105 shares during the period. Lido Advisors LLC lifted its stake in shares of Roblox by 1.3% in the second quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after buying an additional 106 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in Roblox by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after buying an additional 110 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Trading Down 0.9%

Shares of Roblox stock opened at $57.02 on Tuesday. The business has a fifty day simple moving average of $68.04 and a 200-day simple moving average of $95.07. Roblox has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The firm has a market cap of $37.72 billion, a price-to-earnings ratio of -36.79 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 earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the company earned ($0.33) earnings per share. Roblox’s revenue was up 122.6% compared to the same quarter last year. On average, equities analysts forecast that Roblox will post -1.49 EPS for the current fiscal year.

About Roblox

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.