Roblox (NYSE:RBLX) Earns Buy Rating from Benchmark

Roblox (NYSE:RBLX)‘s stock had its “buy” rating reiterated by Benchmark in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $71.00 target price on the stock. Benchmark’s price target would indicate a potential upside of 27.09% from the company’s previous close.

Several other equities analysts also recently issued reports on RBLX. Wells Fargo & Company boosted their price target on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a research note on Friday, February 7th. Morgan Stanley lifted their price objective on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Roth Mkm lifted their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Stock Down 1.9 %

Shares of RBLX traded down $1.10 during mid-day trading on Tuesday, reaching $55.87. 387,224 shares of the stock traded hands, compared to its average volume of 7,608,992. The firm has a market cap of $34.58 billion, a price-to-earnings ratio of -38.53 and a beta of 1.49. The stock has a fifty day simple moving average of $63.81 and a 200 day simple moving average of $54.57. Roblox has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Sell-side analysts expect that Roblox will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total value of $3,007,000.00. Following the sale, the chief financial officer now owns 395,465 shares in the company, valued at $23,783,265.10. The trade was a 11.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 916,367 shares of company stock worth $59,700,949. 22.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Roblox

Several large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Roblox by 67.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 58,282 shares of the company’s stock valued at $3,372,000 after acquiring an additional 23,431 shares during the period. Siemens Fonds Invest GmbH grew its position in shares of Roblox by 87.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 9,904 shares of the company’s stock worth $573,000 after buying an additional 4,629 shares during the period. Integrated Advisors Network LLC acquired a new position in shares of Roblox during the 4th quarter worth about $201,000. Polar Asset Management Partners Inc. grew its position in shares of Roblox by 21.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 82,000 shares of the company’s stock worth $4,745,000 after buying an additional 14,600 shares during the period. Finally, American Trust acquired a new position in shares of Roblox during the 4th quarter worth about $211,000. Institutional investors and hedge funds 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.