Roblox (NYSE:RBLX) Trading Up 1.6%

Roblox Co. (NYSE:RBLX) shares shot up 1.6% during mid-day trading on Wednesday . The stock traded as high as $38.70 and last traded at $38.28. 1,200,858 shares were traded during trading, a decline of 84% from the average session volume of 7,419,296 shares. The stock had previously closed at $37.67.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RBLX. Barclays boosted their price target on Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Moffett Nathanson raised Roblox from a “sell” rating to a “neutral” rating and reduced their target price for the company from $31.00 to $26.00 in a report on Friday, May 10th. Roth Capital lowered Roblox from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 14th. The Goldman Sachs Group lifted their price target on Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised Roblox from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $41.00 to $48.00 in a research note on Tuesday, April 23rd. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and an average price target of $44.50.

Roblox Stock Performance

The business has a fifty day moving average of $37.65 and a 200 day moving average of $38.04. The company has a market cap of $21.56 billion, a P/E ratio of -20.58 and a beta of 1.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,285.39%. The firm had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. During the same period last year, the company posted ($0.46) EPS. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. On average, equities analysts predict that Roblox Co. will post -1.64 EPS for the current year.

Insider Transactions at Roblox

In other Roblox news, Director Andrea L. Wong sold 5,276 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $31.13, for a total transaction of $164,241.88. Following the completion of the transaction, the director now owns 26,319 shares of the company’s stock, valued at $819,310.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Amy Marie Rawlings sold 3,910 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $127,309.60. Following the completion of the transaction, the chief accounting officer now directly owns 98,457 shares of the company’s stock, valued at $3,205,759.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea L. Wong sold 5,276 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $31.13, for a total value of $164,241.88. Following the completion of the transaction, the director now directly owns 26,319 shares in the company, valued at approximately $819,310.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 476,889 shares of company stock valued at $17,575,955. Corporate insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Roblox during the fourth quarter worth $25,000. PARK CIRCLE Co acquired a new stake in shares of Roblox in the second quarter worth $30,000. Strategic Financial Concepts LLC purchased a new stake in shares of Roblox during the 2nd quarter worth about $33,000. Gilliland Jeter Wealth Management LLC lifted its stake in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares in the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Roblox during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 91.08% 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.