Roblox (NYSE:RBLX) Earns Outperform Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Roblox (NYSE:RBLX) in a report issued on Friday morning,RTT News reports. Wedbush currently has a $83.00 price objective on the stock. Wedbush also issued estimates for Roblox’s Q1 2025 earnings at ($0.43) EPS, Q2 2025 earnings at ($0.28) EPS, Q3 2025 earnings at ($0.39) EPS, Q4 2025 earnings at ($0.54) EPS, FY2025 earnings at ($1.65) EPS and FY2026 earnings at ($1.61) EPS.

RBLX has been the topic of several other reports. Canaccord Genuity Group increased their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Macquarie increased their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday. Needham & Company LLC boosted their target price on Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group increased their price target on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday. Finally, HSBC assumed coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $64.19.

Roblox Stock Performance

RBLX opened at $66.41 on Friday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s 50-day moving average price is $62.47 and its 200 day moving average price is $50.62. Roblox has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. As a group, research analysts expect that Roblox will post -1.4 EPS for the current fiscal year.

Insider Transactions at Roblox

In other Roblox news, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the sale, the chief executive officer now directly owns 129,301 shares of the company’s stock, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the sale, the director now owns 6,254,137 shares in the company, valued at $406,769,070.48. This trade represents a 3.84 % decrease in their position. 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 three months. 22.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings 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 during the period. V Square Quantitative Management LLC purchased a new stake in shares of Roblox during the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC increased its holdings in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares during the period. Finally, 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 acquiring an additional 530 shares during the last quarter. 94.46% of the stock is currently 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.