Roblox (NYSE:RBLX) Earns Neutral Rating from Analysts at UBS Group

Stock analysts at UBS Group assumed coverage on shares of Roblox (NYSE:RBLX) in a note issued to investors on Wednesday, Marketbeat reports. The brokerage set a “neutral” rating and a $103.00 price target on the stock. UBS Group’s target price would suggest a potential upside of 8.23% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company reduced their price target on Roblox from $155.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Oppenheimer reiterated an “outperform” rating and set a $150.00 target price on shares of Roblox in a research report on Friday, October 31st. Cowen restated a “sell” rating on shares of Roblox in a report on Monday, August 18th. Canaccord Genuity Group set a $160.00 price objective on shares of Roblox in a report on Thursday, October 30th. Finally, Piper Sandler set a $130.00 target price on shares of Roblox in a report on Friday, October 31st. Nineteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $135.78.

Roblox Stock Performance

RBLX opened at $95.17 on Wednesday. The stock’s 50 day simple moving average is $114.74 and its 200 day simple moving average is $113.95. The stock has a market cap of $62.32 billion, a P/E ratio of -66.55 and a beta of 1.62. Roblox has a 1-year low of $50.10 and a 1-year high of $150.59. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.07. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company’s quarterly revenue was up 70.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.37) earnings per share. As a group, equities analysts anticipate that Roblox will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.54, for a total value of $6,107,640.00. Following the completion of the sale, the director owned 261,388 shares in the company, valued at approximately $24,188,845.52. This trade represents a 20.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Arvind Chakravarthy sold 20,912 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,991,449.76. Following the completion of the transaction, the insider owned 181,043 shares of the company’s stock, valued at approximately $17,240,724.89. This represents a 10.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 382,508 shares of company stock valued at $40,838,541. 12.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Roblox

A number of institutional investors have recently made changes to their positions in RBLX. Cetera Investment Advisers grew its position in shares of Roblox by 10.7% during the first quarter. Cetera Investment Advisers now owns 34,183 shares of the company’s stock worth $1,993,000 after buying an additional 3,296 shares in the last quarter. Bank of Nova Scotia boosted its stake in Roblox by 2.6% during the 1st quarter. Bank of Nova Scotia now owns 21,300 shares of the company’s stock valued at $1,242,000 after acquiring an additional 533 shares during the last quarter. Blair William & Co. IL boosted its stake in Roblox by 15.8% during the 1st quarter. Blair William & Co. IL now owns 11,169 shares of the company’s stock valued at $651,000 after acquiring an additional 1,527 shares during the last quarter. Vanguard Group Inc. grew its holdings in Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after acquiring an additional 4,400,624 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new stake in shares of Roblox in the 1st quarter worth about $1,942,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Company Profile

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.