Roblox Corporation (NYSE:RBLX) Given Consensus Rating of “Hold” by Brokerages

Shares of Roblox Corporation (NYSE:RBLX) have been assigned a consensus recommendation of “Hold” from the twenty-eight research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $87.1667.

A number of research firms recently issued reports on RBLX. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of Roblox in a research note on Tuesday, January 20th. BTIG Research cut shares of Roblox from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Raymond James Financial cut shares of Roblox from an “outperform” rating to a “market perform” rating in a research note on Friday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $62.00 price target on shares of Roblox in a research note on Friday, May 1st.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 10,834 shares of Roblox stock in a transaction on Friday, February 20th. The shares were sold at an average price of $61.63, for a total value of $667,699.42. Following the sale, the chief executive officer owned 800,539 shares of the company’s stock, valued at approximately $49,337,218.57. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew D. Kaufman sold 13,325 shares of Roblox stock in a transaction on Monday, April 13th. The shares were sold at an average price of $57.94, for a total transaction of $772,050.50. Following the completion of the sale, the insider directly owned 364,320 shares in the company, valued at $21,108,700.80. This represents a 3.53% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 136,144 shares of company stock worth $8,072,169 over the last 90 days. 12.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Roblox by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after purchasing an additional 1,020,786 shares during the last quarter. Capital International Investors boosted its stake in Roblox by 7.3% during the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after purchasing an additional 2,184,439 shares during the last quarter. Morgan Stanley boosted its stake in Roblox by 8.1% during the 4th quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock worth $1,679,664,000 after purchasing an additional 1,555,549 shares during the last quarter. State Street Corp boosted its stake in Roblox by 3.3% during the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock worth $1,119,216,000 after purchasing an additional 442,518 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Roblox by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock worth $988,002,000 after purchasing an additional 547,103 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $41.56 on Wednesday. The stock has a market capitalization of $27.91 billion, a price-to-earnings ratio of -26.30 and a beta of 1.50. Roblox has a 12 month low of $40.95 and a 12 month high of $150.59. The firm’s 50 day simple moving average is $56.62 and its 200-day simple moving average is $75.68. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.89 and a quick ratio of 0.89.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The business’s revenue was up 43.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) EPS. Analysts expect that Roblox will post -1.4 EPS for the current year.

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.