Roblox Corporation (NYSE:RBLX) Receives $85.48 Consensus PT from Analysts

Shares of Roblox Corporation (NYSE:RBLXGet Free Report) have earned an average rating of “Moderate Buy” from the thirty brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $85.8519.

Several research firms have recently commented on RBLX. Needham & Company LLC assumed coverage on Roblox in a report on Monday, June 29th. They issued a “buy” rating for the company. Piper Sandler set a $60.00 target price on shares of Roblox in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and set a $62.00 price target on shares of Roblox in a research report on Friday, May 1st. Wedbush reiterated an “outperform” rating and issued a $65.00 price target on shares of Roblox in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Roblox in a research note on Monday, June 29th. They set a “buy” rating on the stock.

View Our Latest Stock Analysis on Roblox

Roblox Price Performance

NYSE:RBLX opened at $47.51 on Monday. Roblox has a 52-week low of $40.15 and a 52-week high of $150.59. The company has a market cap of $31.91 billion, a P/E ratio of -30.07 and a beta of 1.41. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50-day simple moving average is $49.27 and its 200 day simple moving average is $57.97.

Roblox (NYSE:RBLXGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The business’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.32) earnings per share. As a group, sell-side analysts forecast that Roblox will post -1.39 EPS for the current fiscal year.

Roblox declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 19th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 9.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Roblox

In other news, Director Gregory Baszucki sold 16,666 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $57.69, for a total value of $961,461.54. Following the completion of the sale, the director directly owned 1,277,835 shares of the company’s stock, valued at $73,718,301.15. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sean Jack Buckley sold 4,744 shares of Roblox stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $46.36, for a total value of $219,931.84. Following the transaction, the insider owned 97,141 shares of the company’s stock, valued at $4,503,456.76. This represents a 4.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 161,983 shares of company stock valued at $7,580,990. Company insiders own 10.05% of the company’s stock.

Institutional Trading of Roblox

Hedge funds have recently modified their holdings of the stock. Stonekeep Investments LLC boosted its holdings in shares of Roblox by 2.4% during the 2nd quarter. Stonekeep Investments LLC now owns 9,070 shares of the company’s stock worth $493,000 after buying an additional 213 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in Roblox in the 2nd quarter valued at about $226,000. Wealthcare Advisory Partners LLC lifted its position in Roblox by 13.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 30,034 shares of the company’s stock worth $1,633,000 after acquiring an additional 3,498 shares during the last quarter. Chemistry Wealth Management LLC boosted its holdings in shares of Roblox by 27.1% during the second quarter. Chemistry Wealth Management LLC now owns 17,265 shares of the company’s stock worth $939,000 after acquiring an additional 3,679 shares during the period. Finally, Polianta Ltd grew its position in shares of Roblox by 56.5% in the second quarter. Polianta Ltd now owns 42,100 shares of the company’s stock valued at $2,289,000 after purchasing an additional 15,200 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Key Stories Impacting Roblox

Here are the key news stories impacting Roblox this week:

Roblox Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Roblox (NYSE:RBLX)

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