Roblox (NYSE:RBLX) Price Target Cut to $141.00 by Analysts at Wells Fargo & Company

Roblox (NYSE:RBLX) had its price objective decreased by Wells Fargo & Company from $155.00 to $141.00 in a report released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other brokerages have also weighed in on RBLX. JPMorgan Chase & Co. decreased their price objective on Roblox from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday. Bank of America boosted their price objective on Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Wedbush restated an “outperform” rating and set a $165.00 target price on shares of Roblox in a research report on Thursday, September 4th. Wall Street Zen upgraded Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Cowen reiterated a “sell” rating on shares of Roblox in a report on Monday, August 18th. Twenty-one analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.68.

Roblox Stock Up 0.3%

Shares of RBLX stock opened at $113.35 on Friday. The company has a market capitalization of $73.12 billion, a price-to-earnings ratio of -79.27 and a beta of 1.63. The stock’s 50 day simple moving average is $130.41 and its 200 day simple moving average is $109.00. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox has a twelve month low of $47.95 and a twelve month high of $150.59.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 344.75% and a negative net margin of 21.70%.The company’s revenue was up 70.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.37) EPS. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict that Roblox will post -1.49 EPS for the current year.

Insider Activity at Roblox

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $129.37, for a total transaction of $8,538,420.00. Following the transaction, the director owned 279,868 shares in the company, valued at $36,206,523.16. This trade represents a 19.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the sale, the insider directly owned 242,469 shares in the company, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 255,764 shares of company stock valued at $32,929,145 in the last 90 days. Corporate insiders own 12.92% of the company’s stock.

Institutional Investors Weigh In On Roblox

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after buying an additional 1,513,608 shares during the period. Ieq Capital LLC increased its holdings in Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock worth $1,101,097,000 after purchasing an additional 2,297,350 shares in the last quarter. State Street Corp boosted its stake in shares of Roblox by 6.3% in the 2nd quarter. State Street Corp now owns 12,043,269 shares of the company’s stock worth $1,266,952,000 after buying an additional 708,838 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Roblox by 9.1% in the 2nd quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock worth $1,053,257,000 after buying an additional 834,230 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Roblox by 3.0% in the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock worth $948,222,000 after buying an additional 261,984 shares during the last quarter. Institutional investors and hedge funds 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.