Roblox (NYSE:RBLX – Get Rating) had its price target decreased by stock analysts at Stifel Nicolaus from $48.00 to $44.00 in a report released on Thursday, The Fly reports. Stifel Nicolaus’ target price would indicate a potential upside of 57.76% from the company’s current price.
RBLX has been the topic of several other reports. Deutsche Bank Aktiengesellschaft dropped their target price on Roblox from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, November 14th. Needham & Company LLC dropped their price objective on Roblox from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, November 10th. Barclays assumed coverage on Roblox in a research note on Tuesday, October 11th. They set an “underweight” rating and a $20.00 target price for the company. Truist Financial decreased their price objective on Roblox to $37.00 in a report on Monday, November 28th. Finally, Moffett Nathanson started coverage on Roblox in a research report on Monday, October 3rd. They set an “underperform” rating and a $19.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.59.
Roblox Price Performance
Shares of NYSE RBLX traded down $5.24 during mid-day trading on Thursday, reaching $27.89. The company had a trading volume of 2,034,103 shares, compared to its average volume of 24,142,561. Roblox has a 1-year low of $21.65 and a 1-year high of $108.78. The stock has a market cap of $15.32 billion, a PE ratio of -21.05 and a beta of 1.54. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.33. The company has a 50-day moving average price of $36.62 and a two-hundred day moving average price of $37.77.
Roblox (NYSE:RBLX – Get Rating) last issued its quarterly earnings results on Wednesday, November 9th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.14). Roblox had a negative net margin of 35.12% and a negative return on equity of 145.60%. The firm had revenue of $701.72 million during the quarter, compared to analysts’ expectations of $694.88 million. On average, equities analysts anticipate that Roblox will post -1.58 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Craig Donato sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $37.31, for a total value of $74,620.00. Following the transaction, the insider now owns 1,168,941 shares of the company’s stock, valued at approximately $43,613,188.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Amy Marie Rawlings sold 2,976 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $30.14, for a total transaction of $89,696.64. Following the completion of the transaction, the chief accounting officer now directly owns 93,923 shares in the company, valued at approximately $2,830,839.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Donato sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $37.31, for a total value of $74,620.00. Following the completion of the sale, the insider now directly owns 1,168,941 shares of the company’s stock, valued at $43,613,188.71. The disclosure for this sale can be found here. In the last three months, insiders sold 588,999 shares of company stock valued at $18,740,658. 28.22% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Roblox
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Roblox by 29.2% during the third quarter. Vanguard Group Inc. now owns 28,303,428 shares of the company’s stock worth $1,014,396,000 after acquiring an additional 6,396,902 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Roblox by 41.4% in the 3rd quarter. Baillie Gifford & Co. now owns 20,906,989 shares of the company’s stock valued at $749,306,000 after purchasing an additional 6,123,973 shares during the period. BlackRock Inc. increased its stake in Roblox by 46.2% during the 3rd quarter. BlackRock Inc. now owns 18,567,578 shares of the company’s stock worth $665,464,000 after purchasing an additional 5,870,164 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Roblox by 161.0% during the 2nd quarter. Renaissance Technologies LLC now owns 11,580,582 shares of the company’s stock worth $380,538,000 after buying an additional 7,143,300 shares during the period. Finally, ARK Investment Management LLC lifted its stake in Roblox by 14.4% in the third quarter. ARK Investment Management LLC now owns 8,474,696 shares of the company’s stock valued at $303,733,000 after buying an additional 1,069,592 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.
Roblox Company Profile
Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.