Wedbush Raises Roblox Target Price
Roblox Corporation (NYSE: RBLX) received a significant boost on Friday as Wedbush raised its target price from $110 to $142, maintaining an “outperform” rating on the stock, according to Marketbeat.com. The move reflects increasing confidence among analysts about the gaming company’s growth prospects.Several other research firms have also issued updated ratings for Roblox. Roth MKM increased its price objective from $72 to $74 while keeping a “neutral” stance in a May 2 report. FBN Securities initiated coverage on March 28 with a “sector perform” rating and a $65 price target. Needham & Company LLC reaffirmed a “buy” rating on May 2, while Piper Sandler boosted its target from $105 to $138 and gave an “overweight” rating last Thursday. Meanwhile, Goldman Sachs lifted its target from $63 to $80 and maintained a “neutral” outlook on May 14.Currently, one analyst has a “sell” rating, four recommend “hold,” and nineteen have issued a “buy” rating. Based on MarketBeat data, Roblox holds a consensus rating of “Moderate Buy” with an average target price of $95.95.Stock Performance and Market Metrics
On Friday, roblox stock rose $0.67 to close at $118.79 with a trading volume of 5.55 million shares, below its 8.1 million average. The stock’s 50-day moving average stands at $100.68, while its 200-day average is $76.47. Roblox currently holds a market capitalization of $80.57 billion, a price-to-earnings (P/E) ratio of -88.65, and a beta of 1.60.The company maintains a current and quick ratio of 1.02 and carries a debt-to-equity ratio of 3.39. Over the past year, Roblox shares have ranged from a low of $35.30 to a high of $127.99, reflecting significant investor interest and volatility.Earnings Report Highlights
Roblox announced its quarterly earnings on May 1, reporting a net loss per share of $0.32, surpassing analyst expectations of a $0.41 loss. The company posted a negative net margin of 22.94% and a substantial negative return on equity of 442.68%.Quarterly revenue came in at $1.04 billion, slightly below the forecasted $1.14 billion but marking a 30.6% increase year-over-year. In the same quarter of the previous year, Roblox reported a loss of $0.43 per share. Analysts project that Roblox will end the current fiscal year with a total loss of $1.49 per share.Insider Trading Activity
CEO David Baszucki significantly reduced his stake in Roblox, selling 1,375,002 shares on May 5 at an average price of $72.19, totaling $99.26 million. Following this sale, Baszucki now owns 221,983 shares, valued at approximately $16.02 million—an 86.1% decrease in personal holdings.In the last quarter, insiders collectively sold 6.65 million shares worth $593.44 million. As of the latest filings, company insiders hold 12.92% of Roblox’s total stock.Institutional Investor Moves
Several institutional investors have recently adjusted their positions in Roblox:
Roblox Corporation operates a global online entertainment platform that enables users to create and explore 3D digital worlds. Its ecosystem includes:
Roblox Corporation (NYSE: RBLX) received a significant boost on Friday as Wedbush raised its target price from $110 to $142, maintaining an “outperform” rating on the stock, according to Marketbeat.com. The move reflects increasing confidence among analysts about the gaming company’s growth prospects.Several other research firms have also issued updated ratings for Roblox. Roth MKM increased its price objective from $72 to $74 while keeping a “neutral” stance in a May 2 report. FBN Securities initiated coverage on March 28 with a “sector perform” rating and a $65 price target. Needham & Company LLC reaffirmed a “buy” rating on May 2, while Piper Sandler boosted its target from $105 to $138 and gave an “overweight” rating last Thursday. Meanwhile, Goldman Sachs lifted its target from $63 to $80 and maintained a “neutral” outlook on May 14.Currently, one analyst has a “sell” rating, four recommend “hold,” and nineteen have issued a “buy” rating. Based on MarketBeat data, Roblox holds a consensus rating of “Moderate Buy” with an average target price of $95.95.Stock Performance and Market Metrics
On Friday, roblox stock rose $0.67 to close at $118.79 with a trading volume of 5.55 million shares, below its 8.1 million average. The stock’s 50-day moving average stands at $100.68, while its 200-day average is $76.47. Roblox currently holds a market capitalization of $80.57 billion, a price-to-earnings (P/E) ratio of -88.65, and a beta of 1.60.The company maintains a current and quick ratio of 1.02 and carries a debt-to-equity ratio of 3.39. Over the past year, Roblox shares have ranged from a low of $35.30 to a high of $127.99, reflecting significant investor interest and volatility.Earnings Report Highlights
Roblox announced its quarterly earnings on May 1, reporting a net loss per share of $0.32, surpassing analyst expectations of a $0.41 loss. The company posted a negative net margin of 22.94% and a substantial negative return on equity of 442.68%.Quarterly revenue came in at $1.04 billion, slightly below the forecasted $1.14 billion but marking a 30.6% increase year-over-year. In the same quarter of the previous year, Roblox reported a loss of $0.43 per share. Analysts project that Roblox will end the current fiscal year with a total loss of $1.49 per share.Insider Trading Activity
CEO David Baszucki significantly reduced his stake in Roblox, selling 1,375,002 shares on May 5 at an average price of $72.19, totaling $99.26 million. Following this sale, Baszucki now owns 221,983 shares, valued at approximately $16.02 million—an 86.1% decrease in personal holdings.In the last quarter, insiders collectively sold 6.65 million shares worth $593.44 million. As of the latest filings, company insiders hold 12.92% of Roblox’s total stock.Institutional Investor Moves
Several institutional investors have recently adjusted their positions in Roblox:
- Yousif Capital Management LLC increased its holdings by 1.9% to 6,925 shares, valued at $729,000.
- Farther Finance Advisors LLC boosted its stake by 21.4%, now holding 801 shares worth $84,000.
- Independent Wealth Network Inc. raised its position by 3.9% to 3,885 shares valued at $409,000.
- MetLife Investment Management LLC grew its stake by 0.5% to 32,374 shares worth $1.87 million.
- SBI Securities Co. Ltd. added 1.2% more shares, now holding 13,295 shares valued at $775,000.
Roblox Corporation operates a global online entertainment platform that enables users to create and explore 3D digital worlds. Its ecosystem includes:
- Roblox Studio: A free toolkit for developers and creators to build and manage virtual experiences.
- Roblox Client: A player application for exploring immersive 3D environments.
- Roblox Cloud: Backend infrastructure providing services and support for the platform’s growth.
