Roblox (NYSE:RBLX) Coverage Initiated by Analysts at Oppenheimer

Equities research analysts at Oppenheimer assumed coverage on shares of Roblox (NYSE:RBLXGet Rating) in a research note issued to investors on Wednesday, The Fly reports. The firm set a “market perform” rating on the stock.

A number of other brokerages have also recently weighed in on RBLX. Wolfe Research cut Roblox from a “market perform” rating to an “underperform” rating and set a $24.00 price objective on the stock. in a report on Wednesday, December 21st. BTIG Research lowered their price objective on shares of Roblox from $51.00 to $48.00 in a report on Wednesday, January 4th. Cowen reduced their target price on shares of Roblox to $27.00 in a report on Tuesday, November 15th. Wedbush lifted their price objective on Roblox from $30.00 to $32.00 in a report on Tuesday, January 17th. Finally, Barclays boosted their price objective on Roblox from $20.00 to $21.00 in a research report on Wednesday. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.83.

Roblox Price Performance

Shares of NYSE RBLX traded up $0.06 during midday trading on Wednesday, hitting $35.65. 8,162,122 shares of the company’s stock were exchanged, compared to its average volume of 14,013,813. The business’s fifty day moving average price is $31.01 and its two-hundred day moving average price is $37.43. The company has a market cap of $19.59 billion, a price-to-earnings ratio of -27.01 and a beta of 1.54. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.33. Roblox has a 12-month low of $21.65 and a 12-month high of $73.71.

Roblox (NYSE:RBLXGet Rating) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.14). The company had revenue of $701.72 million during the quarter, compared to analysts’ expectations of $694.88 million. Roblox had a negative return on equity of 145.60% and a negative net margin of 35.12%. As a group, research analysts forecast that Roblox will post -1.65 EPS for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, insider Craig Donato sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $37.48, for a total transaction of $74,960.00. Following the completion of the transaction, the insider now directly owns 1,150,491 shares in the company, valued at $43,120,402.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Amy Marie Rawlings sold 2,976 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $30.14, for a total value of $89,696.64. Following the completion of the sale, the chief accounting officer now owns 93,923 shares of the company’s stock, valued at $2,830,839.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Craig Donato sold 2,000 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $37.48, for a total value of $74,960.00. Following the transaction, the insider now directly owns 1,150,491 shares in the company, valued at approximately $43,120,402.68. The disclosure for this sale can be found here. Insiders sold a total of 590,999 shares of company stock worth $18,791,858 in the last three months. Company insiders own 28.22% of the company’s stock.

Institutional Trading of Roblox

Several hedge funds have recently made changes to their positions in the company. Bard Financial Services Inc. raised its position in Roblox by 0.3% in the third quarter. Bard Financial Services Inc. now owns 76,865 shares of the company’s stock valued at $2,755,000 after purchasing an additional 250 shares during the period. Wetherby Asset Management Inc. boosted its stake in Roblox by 7.4% during the first quarter. Wetherby Asset Management Inc. now owns 4,366 shares of the company’s stock worth $202,000 after buying an additional 300 shares during the period. EP Wealth Advisors LLC increased its position in shares of Roblox by 3.0% during the first quarter. EP Wealth Advisors LLC now owns 11,902 shares of the company’s stock valued at $550,000 after acquiring an additional 342 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Roblox by 4.5% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 8,118 shares of the company’s stock valued at $267,000 after acquiring an additional 348 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Roblox by 30.6% in the 4th quarter. Allworth Financial LP now owns 1,494 shares of the company’s stock worth $43,000 after acquiring an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

About Roblox

(Get Rating)

Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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Analyst Recommendations for Roblox (NYSE:RBLX)

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