Roblox (NYSE:RBLX) Price Target Raised to $60.00 at Deutsche Bank Aktiengesellschaft

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

Other analysts have also recently issued reports about the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Macquarie lifted their price objective on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Roth Mkm increased their price objective on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. The Goldman Sachs Group lifted their target price on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Roblox Price Performance

NYSE:RBLX opened at $52.86 on Monday. The stock has a market capitalization of $32.12 billion, a PE ratio of -32.23 and a beta of 1.56. Roblox has a 1-year low of $29.55 and a 1-year high of $53.07. The firm has a fifty day simple moving average of $43.93 and a 200 day simple moving average of $39.59. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned ($0.45) EPS. Roblox’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, research analysts expect that Roblox will post -1.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 374,633 shares of the company’s stock, valued at approximately $14,543,253.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction 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 directly owns 374,633 shares in the company, valued at $14,543,253.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amy Marie Rawlings sold 4,933 shares of Roblox stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the transaction, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,029,373 shares of company stock worth $46,476,179. Corporate insiders own 22.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RBLX. V Square Quantitative Management LLC acquired a new stake in shares of Roblox during the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC boosted its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. PARK CIRCLE Co bought a new stake in shares of Roblox during the second quarter worth about $30,000. Strategic Financial Concepts LLC acquired a new position in shares of Roblox in the second quarter valued at approximately $33,000. Finally, Gilliland Jeter Wealth Management LLC raised its holdings 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 during the last quarter. 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.