Roblox (NYSE:RBLX) Price Target Raised to $51.00

by · The Cerbat Gem

Roblox (NYSE:RBLX – Free Report) had its target price raised by B. Riley Financial from $45.00 to $51.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on RBLX. DA Davidson cut their price objective on shares of Roblox from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday. Weiss Ratings upgraded shares of Roblox from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 30th. Raymond James Financial reiterated a “buy” rating on shares of Roblox in a report on Friday, September 11th. Bank of America raised their price target on shares of Roblox from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, September 14th. Finally, Jefferies Financial Group cut shares of Roblox from a “hold” rating to an “underperform” rating and set a $38.00 price target on the stock. in a report on Monday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.04.

Check Out Our Latest Stock Report on Roblox

Roblox Stock Up 8.4%

RBLX stock opened at $49.27 on Monday. Roblox has a twelve month low of $33.88 and a twelve month high of $108.29. The company has a quick ratio of 0.82, a current ratio of 0.80 and a debt-to-equity ratio of 7.82. The stock’s 50 day moving average is $46.77 and its 200-day moving average is $52.12. The firm has a market capitalization of $33.08 billion, a PE ratio of -35.70 and a beta of 1.45.

Roblox (NYSE:RBLX – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.11. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Roblox had a negative return on equity of 417.56% and a negative net margin of 16.48%. Roblox’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.37) earnings per share. Sell-side analysts expect that Roblox will post -1.38 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, insider Sean Buckley sold 4,321 shares of the company’s stock in a transaction 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Reinstra sold 5,666 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $44.20, for a total transaction of $250,437.20. Following the sale, the insider directly owned 386,625 shares in the company, valued at approximately $17,088,825. This trade represents a 1.44% 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. Insiders have sold a total of 169,724 shares of company stock valued at $6,659,063 in the last three months. 10.05% of the stock is owned by corporate insiders.

Institutional Trading of Roblox

A number of institutional investors have recently added to or reduced their stakes in RBLX. Basecamp Wealth Advisors LLC grew its stake in shares of Roblox by 98.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $29,000 after buying an additional 252 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of Roblox by 100.7% in the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock valued at $32,000 after acquiring an additional 283 shares during the last quarter. Activest Wealth Management boosted its holdings in Roblox by 72.9% during the 3rd quarter. Activest Wealth Management now owns 588 shares of the company’s stock valued at $25,000 after acquiring an additional 248 shares during the period. Western Wealth Management LLC purchased a new stake in Roblox during the 1st quarter valued at about $33,000. Finally, Atlantic Private Wealth LLC purchased a new stake in Roblox during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Company Profile

(Get Free Report)

Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.

Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.

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