Roblox (NYSE:RBLX) Cut to “Sell” at Moffett Nathanson

Roblox (NYSE:RBLX) was downgraded by analysts at Moffett Nathanson from a “neutral” rating to a “sell” rating in a report released on Friday,Briefing.com Automated Import reports. They presently have a $34.00 price objective on the stock. Moffett Nathanson’s target price suggests a potential downside of 49.33% from the company’s previous close.

A number of other research firms also recently weighed in on RBLX. JPMorgan Chase & Co. raised their price target on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Roth Mkm boosted their target price on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Citigroup increased their price target on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday. Canaccord Genuity Group boosted their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Raymond James reiterated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $60.43.

Roblox Stock Performance

Shares of RBLX stock opened at $67.10 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market cap of $40.77 billion, a PE ratio of -40.92 and a beta of 1.46. The company’s fifty day simple moving average is $62.14 and its 200-day simple moving average is $50.44. Roblox has a 52 week low of $29.55 and a 52 week high of $75.74.

Roblox (NYSE:RBLX) last posted 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, equities research analysts anticipate that Roblox will post -1.56 EPS for the current year.

Insider Buying and Selling

In other news, CFO Michael Guthrie sold 40,000 shares of Roblox stock in a transaction on Friday, November 15th. The stock was sold at an average price of $52.07, for a total transaction of $2,082,800.00. Following the transaction, the chief financial officer now owns 352,844 shares in the company, valued at approximately $18,372,587.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 3,601 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the completion of the sale, 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 have sold 1,306,335 shares of company stock worth $77,348,316 in the last three months. 22.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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 position in 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 during the last quarter. Versant Capital Management Inc grew its stake in 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 purchasing an additional 239 shares in the last quarter. GAMMA Investing LLC increased its position in Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of 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. 94.46% of the stock is owned by hedge funds and other institutional investors.

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.