Roblox (NYSE:RBLX) Earns Sector Perform Rating from Analysts at FBN Securities

Equities researchers at FBN Securities initiated coverage on shares of Roblox (NYSE:RBLX) in a note issued to investors on Friday, Marketbeat Ratings reports. The firm set a “sector perform” rating and a $65.00 price target on the stock. FBN Securities’ price objective suggests a potential upside of 9.14% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Barclays decreased their target price on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Benchmark restated a “buy” rating and set a $71.00 price target on shares of Roblox in a research report on Tuesday, March 18th. Citigroup lifted their price objective on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Morgan Stanley boosted their target price on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group raised their price target on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.23.

Roblox Price Performance

Roblox stock opened at $59.55 on Friday. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox has a one year low of $29.55 and a one year high of $75.74. The firm has a market capitalization of $36.86 billion, a P/E ratio of -41.07 and a beta of 1.49. The business has a fifty day moving average price of $63.35 and a 200-day moving average price of $55.30.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities research analysts forecast that Roblox will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the sale, the chief financial officer now owns 417,079 shares in the company, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at $4,909,320. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 926,466 shares of company stock worth $60,212,297 over the last three months. Company insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the period. Gordian Capital Singapore Pte Ltd grew its position in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after buying an additional 240 shares during the last quarter. Colonial Trust Co SC bought a new stake in shares of Roblox in the 4th quarter worth approximately $41,000. Parkside Financial Bank & Trust increased its stake in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after buying an additional 230 shares during the period. Finally, Rakuten Securities Inc. raised its holdings in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

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.