Roblox (NYSE:RBLX) Stock Price Expected to Rise, Benchmark Analyst Says

Roblox (NYSE:RBLX) had its price objective boosted by Benchmark from $44.00 to $60.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target would indicate a potential upside of 16.64% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Jefferies Financial Group started coverage on Roblox in a research note on Thursday, July 11th. They issued a “hold” rating and a $42.00 target price for the company. Needham & Company LLC lifted their price target on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. Macquarie increased their price objective on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Roblox from $46.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Raymond James upped their price target on shares of Roblox from $51.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus target price of $52.55.

Roblox Stock Down 0.5 %

Shares of NYSE RBLX opened at $51.44 on Friday. The stock has a market capitalization of $30.79 billion, a P/E ratio of -31.37 and a beta of 1.56. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. Roblox has a one year low of $29.55 and a one year high of $52.65. The firm’s 50 day simple moving average is $43.67 and its two-hundred day simple moving average is $39.35.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.01. The company had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 1,283.93%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.45) EPS. As a group, analysts expect that Roblox will post -1.58 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In related news, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at $4,019,545.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Amy Marie Rawlings sold 4,933 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the transaction, the chief accounting officer now owns 99,617 shares of the company’s stock, valued at $4,019,545.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares of the company’s stock, valued at $14,543,253.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 979,341 shares of company stock valued at $43,897,012. 22.15% of the stock is currently owned by company insiders.

Institutional Trading of Roblox

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after purchasing an additional 548 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Roblox during the first quarter valued at $230,000. Maryland State Retirement & Pension System boosted its position in shares of Roblox by 4.2% during the first quarter. Maryland State Retirement & Pension System now owns 36,877 shares of the company’s stock valued at $1,343,000 after buying an additional 1,492 shares during the last quarter. Private Advisor Group LLC increased its holdings in Roblox by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 60,111 shares of the company’s stock worth $2,295,000 after buying an additional 2,506 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Roblox by 4.8% in the 1st quarter. Nordea Investment Management AB now owns 28,492 shares of the company’s stock worth $1,104,000 after buying an additional 1,298 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

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.