In a report released on January 27, Drew Crum from Stifel Nicolaus maintained a Buy rating on Roblox (RBLX – Research Report), with a price target of $40.00. The company’s shares closed last Friday at $37.75.
Crum covers the Technology sector, focusing on stocks such as Roblox, Playtika Holding, and Take-Two. According to TipRanks, Crum has an average return of 14.4% and a 59.12% success rate on recommended stocks.
In addition to Stifel Nicolaus, Roblox also received a Buy from Needham’s Bernie McTernan in a report issued on January 18. However, on January 25, Barclays maintained a Sell rating on Roblox (NYSE: RBLX).
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The company has a one-year high of $73.71 and a one-year low of $21.65. Currently, Roblox has an average volume of 14.36M.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RBLX in relation to earlier this year. Last month, Barbara Messing, the CMKtg & People Exper Officer of RBLX bought 19,193.00 shares for a total of $99,995.53.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Roblox Corp is an online entertainment platform, where users can interact with each other to explore and develop immersive, user-generated and 3D experiences. The platform offers a wide range of online games for kids, teens, and adults.
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