Roblox (NYSE:RBLX) Price Target Lowered to $90.00 at Citigroup

Roblox (NYSE:RBLX) had its price objective reduced by equities research analysts at Citigroup from $105.00 to $90.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 72.73% from the company’s current price.

Other equities analysts have also recently issued reports about the company. B. Riley Financial started coverage on Roblox in a report on Tuesday, December 9th. They issued a “buy” rating and a $125.00 price target for the company. Freedom Capital upgraded shares of Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Jefferies Financial Group set a $85.00 price target on shares of Roblox in a research note on Thursday, January 15th. Wells Fargo & Company set a $97.00 price objective on shares of Roblox in a research note on Monday, February 9th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.28.

Roblox Trading Down 0.4%

NYSE RBLX traded down $0.21 during trading hours on Monday, reaching $52.11. The company had a trading volume of 4,377,466 shares, compared to its average volume of 11,793,992. The stock has a market capitalization of $34.47 billion, a P/E ratio of -33.58 and a beta of 1.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock has a 50-day moving average of $65.21 and a 200 day moving average of $92.15. Roblox has a 1-year low of $50.10 and a 1-year high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating 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 company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the business earned ($0.33) earnings per share. The firm’s revenue for the quarter was up 122.6% on a year-over-year basis. As a group, research analysts anticipate that Roblox will post -1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 272,269 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the completion of the transaction, the chief executive officer owned 811,373 shares in the company, valued at $58,954,362.18. The trade was a 25.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Arvind Chakravarthy sold 40,646 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total transaction of $2,732,630.58. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 636,248 shares of company stock valued at $46,013,542. 12.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently modified their holdings of RBLX. Reyes Financial Architecture Inc. lifted its holdings in Roblox by 164.4% during the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after purchasing an additional 194 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Roblox during the 3rd quarter worth $26,000. Fideuram Asset Management Ireland dac bought a new position in shares of Roblox in the fourth quarter worth $27,000. Total Investment Management Inc. acquired a new position in Roblox in the second quarter valued at about $29,000. Finally, GW&K Investment Management LLC lifted its position in Roblox by 76.3% during the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock worth $30,000 after purchasing an additional 161 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Company Profile

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.