Roblox (NYSE:RBLX) Rating Reiterated by Stifel Nicolaus

Roblox (NYSE:RBLX)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a note issued to investors on Monday, Benzinga reports. They presently have a $53.00 price objective on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 46.01% from the stock’s previous close.

A number of other research firms have also weighed in on RBLX. Needham & Company LLC increased their price target on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and increased their price target for the company from $35.00 to $48.00 in a research report on Thursday, February 8th. BMO Capital Markets raised their price objective on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Roth Mkm raised their price objective on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Wedbush raised their price objective on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.60.

Roblox Price Performance

Shares of RBLX opened at $36.30 on Monday. The firm has a market capitalization of $21.46 billion, a price-to-earnings ratio of -19.41 and a beta of 1.64. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. Roblox has a one year low of $24.88 and a one year high of $47.20. The stock’s fifty day moving average is $39.03 and its 200-day moving average is $39.01.

Roblox (NYSE:RBLX) last released its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company earned ($0.48) earnings per share. Roblox’s revenue was up 25.3% compared to the same quarter last year. Equities analysts anticipate that Roblox will post -2.1 EPS for the current year.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the completion of the sale, the insider now directly owns 359,453 shares in the company, valued at approximately $13,188,330.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Amy Marie Rawlings sold 3,777 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 96,125 shares in the company, valued at approximately $3,906,520. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the completion of the sale, the insider now owns 359,453 shares of the company’s stock, valued at $13,188,330.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 699,374 shares of company stock worth $29,183,298. 22.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Sweet Financial Partners LLC acquired a new position in shares of Roblox during the first quarter worth approximately $247,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Roblox by 65.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 258,215 shares of the company’s stock worth $9,859,000 after buying an additional 102,098 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Roblox by 22.2% during the first quarter. Raymond James & Associates now owns 154,530 shares of the company’s stock worth $5,900,000 after buying an additional 28,045 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Roblox by 4.2% during the first quarter. Maryland State Retirement & Pension System now owns 36,877 shares of the company’s stock worth $1,343,000 after buying an additional 1,492 shares during the last quarter. Finally, Norden Group LLC acquired a new position in shares of Roblox during the first quarter worth approximately $230,000. 91.08% of the stock is currently owned by institutional investors and hedge funds.

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.