Roblox (NYSE:RBLX) Price Target Raised to $45.00 at Deutsche Bank Aktiengesellschaft

Roblox (NYSE:RBLX) had its price target lifted by Deutsche Bank Aktiengesellschaft from $40.00 to $45.00 in a research report sent to investors on Friday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other analysts also recently weighed in on RBLX. Morgan Stanley cut their target price on Roblox from $42.00 to $35.00 and set an equal weight rating on the stock in a research note on Friday, May 10th. Barclays lifted their price target on Roblox from $35.00 to $40.00 and gave the company an equal weight rating in a research report on Friday. Macquarie started coverage on Roblox in a research report on Friday, June 14th. They set an outperform rating and a $46.00 price target on the stock. BMO Capital Markets reiterated an outperform rating and set a $56.00 price target on shares of Roblox in a research report on Tuesday, July 30th. Finally, Jefferies Financial Group started coverage on Roblox in a research report on Thursday, July 11th. They set a hold rating and a $42.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $44.50.

Roblox Stock Performance

Shares of RBLX traded up $0.62 during mid-day trading on Friday, hitting $37.15. The stock had a trading volume of 1,845,862 shares, compared to its average volume of 7,405,412. The company has a market cap of $21.97 billion, a PE ratio of -19.78 and a beta of 1.60. The company’s fifty day simple moving average is $37.56 and its two-hundred day simple moving average is $38.04. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox has a fifty-two week low of $24.88 and a fifty-two week high of $47.20.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.07. The company had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative return on equity of 1,285.39% and a negative net margin of 34.12%. The business’s revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.46) EPS. On average, equities analysts expect that Roblox will post -1.66 earnings per share for the current year.

Insider Activity at Roblox

In related news, Director Andrea L. Wong sold 5,276 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $31.13, for a total transaction of $164,241.88. Following the transaction, the director now directly owns 26,319 shares in the company, valued at $819,310.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Arvind Chakravarthy sold 18,165 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total value of $591,452.40. Following the completion of the sale, the insider now owns 322,966 shares in the company, valued at approximately $10,515,772.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrea L. Wong sold 5,276 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $31.13, for a total value of $164,241.88. Following the transaction, the director now owns 26,319 shares of the company’s stock, valued at approximately $819,310.47. The disclosure for this sale can be found here. Insiders have sold 476,889 shares of company stock worth $17,575,955 over the last three months. Company insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Roblox

Hedge funds have recently modified their holdings of the stock. Swedbank AB lifted its stake in Roblox by 0.5% in the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after purchasing an additional 285 shares during the last quarter. Thrive Wealth Management LLC lifted its position in Roblox by 4.3% during the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock worth $274,000 after acquiring an additional 300 shares during the last quarter. Mystic Asset Management Inc. lifted its position in Roblox by 4.0% during the first quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock worth $326,000 after acquiring an additional 325 shares during the last quarter. Center for Financial Planning Inc. lifted its position in Roblox by 2.3% during the second quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock worth $659,000 after acquiring an additional 400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Roblox by 0.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock worth $4,297,000 after acquiring an additional 458 shares during the last quarter. Institutional investors own 91.08% 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.