Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Roblox (NYSE:RBLX) Stock Price

Roblox (NYSE:RBLX) had its price target upped by Deutsche Bank Aktiengesellschaft from $45.00 to $60.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Citigroup boosted their target price on shares of Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Piper Sandler boosted their price target on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Friday. Macquarie boosted their target price on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday. Benchmark boosted their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday. Finally, Needham & Company LLC boosted their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.80.

Roblox Stock Performance

Shares of NYSE:RBLX traded up $0.20 on Monday, reaching $50.20. 759,580 shares of the company’s stock were exchanged, compared to its average volume of 7,433,575. The firm has a market capitalization of $30.50 billion, a price-to-earnings ratio of -30.49 and a beta of 1.56. The business’s 50-day moving average is $43.79 and its two-hundred day moving average is $39.48. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $53.07. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted ($0.45) earnings per share. As a group, equities research analysts forecast that Roblox will post -1.59 EPS for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Reinstra sold 12,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the sale, the insider now owns 342,656 shares of the company’s stock, valued at $13,706,240. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 989,341 shares of company stock valued at $44,391,412. 22.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently modified their holdings of RBLX. Vanguard Group Inc. grew its position in Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after acquiring an additional 4,818,022 shares during the last quarter. Ieq Capital LLC lifted its holdings in Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after buying an additional 2,684,713 shares during the period. Dragoneer Investment Group LLC lifted its holdings in Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after buying an additional 2,488,044 shares during the period. Greenvale Capital LLP purchased a new stake in Roblox in the 2nd quarter worth approximately $89,304,000. Finally, Marshall Wace LLP purchased a new stake in Roblox in the 2nd quarter worth approximately $87,543,000. 91.08% of the stock is currently owned by institutional investors.

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.