Roblox (NYSE:RBLX) Stock Rating Reaffirmed by Benchmark

Roblox (NYSE:RBLX)‘s stock had its “buy” rating reissued by analysts at Benchmark in a research note issued on Tuesday, Benzinga reports. They currently have a $50.00 price objective on the stock. Benchmark’s target price would indicate a potential upside of 35.10% from the stock’s current price.

A number of other equities research analysts have also issued reports on RBLX. BMO Capital Markets increased their price target on Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. upgraded Roblox from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $41.00 to $48.00 in a research note on Tuesday. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $26.00 to $46.00 in a research note on Thursday, February 8th. Roth Mkm lifted their price target on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $53.00 price target on shares of Roblox in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.60.

Roblox Stock Performance

NYSE:RBLX traded up $2.05 during trading hours on Tuesday, reaching $37.01. The company had a trading volume of 4,380,969 shares, compared to its average volume of 7,498,467. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $21.87 billion, a PE ratio of -19.88 and a beta of 1.64. The business’s 50 day moving average price is $39.15 and its 200-day moving average price is $38.97. Roblox has a 1-year low of $24.88 and a 1-year high of $47.20.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.57) by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.48) EPS. Research analysts forecast that Roblox will post -2.1 EPS for the current year.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CTO Daniel Sturman sold 7,762 shares of Roblox stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $315,447.68. Following the transaction, the chief technology officer now directly owns 492,026 shares in the company, valued at approximately $19,995,936.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the completion of the transaction, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 707,707 shares of company stock valued at $29,526,367. Insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Roblox in the fourth quarter worth $25,000. Blue Trust Inc. boosted its stake in shares of Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after buying an additional 912 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Roblox in the 1st quarter worth about $52,000. Allworth Financial LP raised its position in Roblox by 90.2% during the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after acquiring an additional 587 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of Roblox during the 4th quarter valued at $58,000. 91.08% of the stock is currently owned by institutional investors and hedge funds.

About Roblox

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.