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Roblox (NYSE:RBLX) price target has been raised to $21.00 by Barclays


Roblox (NYSE:RBLX – Valuation Received) Its price target was raised from $20.00 to $21.00 by Barclays in a report published Wednesday morning, reports The Fly.

RBLX has been the subject of a number of other research reports. Wedbush increased its price target on Roblox shares to $32.00 from $30.00 in a report on Tuesday, January 17. Truist Financial lowered its price target for Roblox to $37.00 in a research note on Monday, November 28. Moffett Nathanson initiated coverage of Roblox in a research note on Monday, October 3rd. They gave the company an underperformance rating and a price target of $19.00. Needham & Company LLC increased its price target for Roblox to $42.00 from $39.00 and issued a research note with a buy rating for the company on Wednesday, January 18. Finally, JPMorgan Chase & Co. downgraded shares of Roblox from an overweight rating to a neutral rating and lowered its price target for the company to $35.00 from $53.00 in a research report on Thursday, November 10. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Roblox currently has an average rating of Hold and a consensus target of $34.83.

Value for money from Roblox

NYSE:RBLX opened at $35.70 on Wednesday. Roblox has a yearly low of $21.65 and a yearly high of $73.71. The company has a market cap of $19.62 billion, a P/E of -27.05 and a beta of 1.54. The company’s 50-day moving average price is $31.03 and its 200-day moving average price is $37.42. The company has a gearing ratio of 2.33, a current ratio of 1.64 and a quick ratio of 1.64.

Roblox (NYSE:RBLX – Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported earnings per share of ($0.50) for the quarter, missing the consensus estimate of ($0.36) by ($0.14). Roblox had a negative return on equity of 145.60% and a negative net margin of 35.12%. The company had revenue of $701.72 million for the quarter, compared to the consensus estimate of $694.88 million. Equity analysts expect Roblox to report year-to-date EPS of -1.65.

insider activity

In other news, insider Craig Donato sold 2,000 shares of the company’s stock in a transaction that took place on Tuesday, January 17th. The stock sold at an average price of $37.48 for a total transaction of $74,960.00. Following the transaction, the insider now directly owns 1,150,491 shares of the company’s stock valued at $43,120,402.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission available at this link. In other news, insider Craig Donato sold 2,000 shares of the stock in one transaction on Tuesday, Jan. 17. The stock sold at an average price of $37.48 for a total value of $74,960.00. Following the sale, the insider now directly owns 1,150,491 shares of the company’s stock valued at $43,120,402.68. The transaction was disclosed in a legal filing with the SEC available at this hyperlink. Also on Monday, November 21, CAO Amy Marie Rawlings sold 2,976 shares of the stock in one transaction. The stock sold at an average price of $30.14 for a total value of $89,696.64. Upon completion of the sale, the Chief Accounting Officer now directly owns 93,923 shares of the Company, valued at $2,830,839.22. The disclosure for this sale can be found here. Over the past three months, insiders have sold 590,999 shares of the company’s shares for $18,791,858. Company insiders own 28.22% of the company’s shares.

Roblox Institutional Trading

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC increased its position in Roblox shares by 412.0% in the second quarter. FinTrust Capital Advisors LLC now owns 640 shares of the company’s stock valued at $25,000 after purchasing an additional 515 shares last quarter. JTC Employer Solutions Trustee Ltd acquired a new position in Roblox valued at approximately $28,000 in Q4. 1832 Asset Management LP acquired a new position in Roblox worth approximately $32,000 in Q1. Truvestments Capital LLC acquired a new position in Roblox valued at approximately $35,000 in Q2. Finally, during Q2, CoreCap Advisors LLC acquired a new position in Roblox worth approximately $36,000. Hedge funds and other institutional investors own 72.36% of the company’s shares.

About Roblox

(received rating)

Roblox Corporation develops and operates an online entertainment platform. The Company offers Roblox Studio, a free toolset that allows developers and creators to create, publish, and operate 3D experiences and other content; Roblox Client, an application that allows users to explore the 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human interaction platform.

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