Roblox Corporation (NYSE:RBLX) Stock Has Average Target Price of $60.79 According to Analysts

Roblox Corporation (NYSE:RBLX) has received a consensus recommendation of “Hold” from the thirty-one analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $60.79.

A number of equities research analysts have recently weighed in on RBLX shares. Oppenheimer reaffirmed an “outperform” rating on shares of Roblox in a research note on Friday, September 11th. UBS Group set a $40.00 price objective on Roblox in a report on Monday, September 21st. BTIG Research raised their price objective on shares of Roblox from $30.00 to $41.00 and gave the company a “sell” rating in a research report on Tuesday, September 15th. Seaport Research Partners lowered shares of Roblox to a “neutral” rating in a research note on Monday, June 29th. Finally, Barclays reduced their price objective on shares of Roblox from $60.00 to $47.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd.

Roblox Stock Up 2.0%

RBLX stock opened at $46.47 on Friday. Roblox has a 12-month low of $33.88 and a 12-month high of $141.95. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. The company has a market cap of $31.13 billion, a price-to-earnings ratio of -32.49 and a beta of 1.47. The company has a 50 day moving average of $42.12 and a two-hundred day moving average of $48.02.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.08. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the business posted ($0.41) EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts anticipate that Roblox will post -1.39 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In other Roblox news, insider Sean Buckley sold 4,321 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $38.68, for a total transaction of $167,136.28. Following the completion of the sale, the insider owned 87,213 shares of the company’s stock, valued at $3,373,398.84. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Naveen Chopra sold 17,509 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total value of $664,641.64. Following the transaction, the chief financial officer owned 363,249 shares in the company, valued at approximately $13,788,932.04. This trade represents a 4.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 186,390 shares of company stock worth $7,283,371. 10.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bangor Savings Bank acquired a new stake in Roblox in the 3rd quarter valued at approximately $818,000. SkyView Investment Advisors LLC bought a new stake in shares of Roblox in the second quarter valued at approximately $245,000. National Pension Service grew its stake in shares of Roblox by 34.0% in the second quarter. National Pension Service now owns 1,243,524 shares of the company’s stock worth $67,623,000 after acquiring an additional 315,244 shares during the last quarter. NorthRock Partners LLC grew its stake in shares of Roblox by 13.7% in the second quarter. NorthRock Partners LLC now owns 30,413 shares of the company’s stock worth $1,654,000 after acquiring an additional 3,660 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Roblox by 18.6% during the second quarter. NewEdge Advisors LLC now owns 16,977 shares of the company’s stock worth $923,000 after acquiring an additional 2,662 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

About Roblox

Roblox Corporation (NYSE:RBLX) operates an online entertainment platform where users can create, share and experience interactive 3D content. The platform hosts user-generated games and other virtual experiences across genres, including entertainment, social activities, education and simulated environments.

Roblox provides development tools through Roblox Studio, enabling creators to build and publish experiences, digital items and other content. Users can customize avatars, interact with others and access the platform across supported computers, mobile devices, gaming consoles and virtual reality systems.