Roblox (NYSE:RBLX - Get Free Report) had its price target increased by analysts at Deutsche Bank Aktiengesellschaft from $45.00 to $60.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 19.14% from the stock's current price.
A number of other analysts have also issued reports on the company. BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 price target (up previously from $56.00) on shares of Roblox in a report on Friday. Morgan Stanley raised shares of Roblox from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $38.00 to $65.00 in a report on Monday. Wells Fargo & Company lifted their price objective on shares of Roblox from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday. Citigroup boosted their target price on shares of Roblox from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Finally, Roth Mkm upped their price objective on shares of Roblox from $35.00 to $42.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and an average price target of $54.80.
Check Out Our Latest Stock Report on Roblox
RBLX stock traded down $1.08 on Monday, reaching $50.36. 12,468,896 shares of the company traded hands, compared to its average volume of 7,431,673. The company has a market cap of $30.14 billion, a P/E ratio of -30.71 and a beta of 1.56. The firm has a fifty day simple moving average of $43.67 and a 200-day simple moving average of $39.38. Roblox has a one year low of $29.55 and a one year high of $52.99. 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 (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. Roblox had a negative return on equity of 1,283.93% and a negative net margin of 30.90%. The company had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned ($0.45) earnings per share. Roblox's quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts anticipate that Roblox will post -1.58 earnings per share for the current year.
In related news, Director Anthony P. Lee sold 200,000 shares of the company's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $50.33, for a total value of $10,066,000.00. Following the completion of the transaction, the director now owns 4,707,579 shares of the company's stock, valued at approximately $236,932,451.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Michael Guthrie sold 30,000 shares of the company's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the sale, the chief financial officer now owns 374,633 shares of the company's stock, valued at approximately $14,543,253.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the completion of the transaction, the director now owns 4,707,579 shares of the company's stock, valued at $236,932,451.07. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 979,341 shares of company stock valued at $43,897,012 in the last three months. Company insiders own 22.15% of the company's stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its stake in Roblox by 98.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company's stock worth $42,000 after acquiring an additional 548 shares during the last quarter. Norden Group LLC acquired a new position in shares of Roblox in the 1st quarter worth $230,000. Private Advisor Group LLC grew its holdings in shares of 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 acquiring an additional 2,506 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Roblox by 4.8% during the first quarter. Nordea Investment Management AB now owns 28,492 shares of the company's stock valued at $1,104,000 after buying an additional 1,298 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Roblox by 1.2% during the first quarter. Daiwa Securities Group Inc. now owns 49,070 shares of the company's stock valued at $1,873,000 after purchasing an additional 600 shares during the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.
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.
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