Roblox (NYSE:RBLX) Price Target Raised to $82.00

Roblox (NYSE:RBLX) had its target price lifted by Citigroup from $63.00 to $82.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

RBLX has been the topic of several other reports. Canaccord Genuity Group increased their target price on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Raymond James reissued a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They set an “outperform” rating on the stock. Barclays raised their target price on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Roth Mkm boosted their price target on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.05.

Roblox Stock Up 2.5 %

Shares of NYSE:RBLX opened at $75.66 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market capitalization of $45.97 billion, a P/E ratio of -46.13 and a beta of 1.46. Roblox has a 52-week low of $29.55 and a 52-week high of $75.74. The stock’s fifty day simple moving average is $61.79 and its 200-day simple moving average is $50.32.

Insider Buying and Selling

In other news, CEO David Baszucki sold 138,555 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the transaction, the chief executive officer now owns 129,301 shares in the company, valued at $9,260,537.62. This represents a 51.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amy Marie Rawlings sold 6,054 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $311,357.22. Following the transaction, the chief accounting officer now owns 85,008 shares in the company, valued at approximately $4,371,961.44. This represents a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,306,335 shares of company stock valued at $77,348,316 in the last three months. 22.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roblox

Large investors have recently made changes to their positions in the company. Toronto Dominion Bank grew its position in Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after acquiring an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC boosted its stake in Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares during the period. Entropy Technologies LP raised its stake in Roblox by 168.4% during the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after purchasing an additional 62,521 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in Roblox during the fourth quarter valued at about $363,000. Finally, Benjamin Edwards Inc. increased its holdings in Roblox by 12,971.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock valued at $2,302,000 after buying an additional 51,626 shares during the period. 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.