By otakuyassine3@gmail.com 
Roblox (NYSE:RBLX – Get Free Report) had its price target boosted by equities researchers at Citigroup from $63.00 to $82.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 15.11% from the stock’s current price.
RBLX has been the subject of several other reports. Morgan Stanley upped their target price on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. HSBC initiated coverage on shares of Roblox in a report on Thursday, December 12th. They set a “buy” rating and a $63.00 target price on the stock. Barclays increased their target price on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Macquarie increased their target price on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.05.
Check Out Our Latest Research Report on RBLX
Roblox Price Performance
RBLX traded up $0.17 during midday trading on Monday, reaching $71.24. 4,881,916 shares of the company’s stock were exchanged, compared to its average volume of 6,620,931. The business’s 50-day moving average price is $60.34 and its 200 day moving average price is $49.69. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $43.28 billion, a PE ratio of -43.39 and a beta of 1.46. Roblox has a 1-year low of $29.55 and a 1-year high of $71.89.
Roblox (NYSE:RBLX – Get Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned ($0.45) earnings per share. Roblox’s revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts anticipate that Roblox will post -1.56 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Anthony P. Lee sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $52.34, for a total transaction of $1,308,500.00. Following the completion of the sale, the director now owns 5,731,695 shares in the company, valued at $299,996,916.30. The trade was a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Reinstra sold 16,480 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $847,566.40. Following the sale, the insider now owns 278,161 shares of the company’s stock, valued at $14,305,820.23. This trade represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,167,780 shares of company stock worth $67,425,007. 22.15% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Algert Global LLC purchased a new position in shares of Roblox during the 2nd quarter valued at $493,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Roblox by 6.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,623 shares of the company’s stock valued at $395,000 after buying an additional 605 shares during the last quarter. Truist Financial Corp purchased a new position in shares of Roblox during the 2nd quarter valued at $559,000. Cetera Investment Advisers lifted its position in shares of Roblox by 4.4% during the 2nd quarter. Cetera Investment Advisers now owns 41,332 shares of the company’s stock valued at $1,538,000 after buying an additional 1,748 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Roblox during the 2nd quarter valued at $1,105,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.
About Roblox
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.
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