Barclays Issues Pessimistic Forecast for Roblox (NYSE:RBLX) Stock Price

Roblox (NYSE:RBLX) had its price objective trimmed by Barclays from $50.00 to $46.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts also recently weighed in on the company. Citigroup raised their target price on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Morgan Stanley raised their price objective on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Needham & Company LLC upped their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler reissued an “overweight” rating and issued a $72.00 price target (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Roth Mkm upped their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Price Performance

Shares of NYSE RBLX opened at $66.41 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a fifty day moving average of $62.47 and a 200 day moving average of $50.62. The firm has a market cap of $40.34 billion, a PE ratio of -40.49 and a beta of 1.46. Roblox has a one year low of $29.55 and a one year high of $75.74.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. As a group, research analysts predict that Roblox will post -1.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 166,666 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.71, for a total transaction of $8,451,632.86. Following the transaction, the chief executive officer now owns 135,755 shares of the company’s stock, valued at approximately $6,884,136.05. This represents a 55.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 3,601 shares of Roblox stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $49.32, for a total value of $177,601.32. Following the completion of the transaction, the chief accounting officer now directly owns 81,407 shares of the company’s stock, valued at approximately $4,014,993.24. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,306,335 shares of company stock valued at $77,348,316 over the last 90 days. 22.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new stake in Roblox during the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC increased its position 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 worth $28,000 after acquiring an additional 624 shares during the period. Versant Capital Management Inc raised its stake in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

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.