In a report released today, Mario Lu from Barclays maintained a Sell rating on Roblox (RBLX – Research Report), with a price target of $21.00. The company’s shares closed yesterday at $35.59.
Lu covers the Technology sector, focusing on stocks such as Spotify Technology SA, Match Group, and Duolingo. According to TipRanks, Lu has an average return of -11.7% and a 37.36% success rate on recommended stocks.
Currently, the analyst consensus on Roblox is a Moderate Buy with an average price target of $37.33, which is a 4.89% upside from current levels. In a report released on January 19, Goldman Sachs also maintained a Sell rating on the stock with a $19.00 price target.
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Based on Roblox’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $517.71 million and a GAAP net loss of $297.8 million. In comparison, last year the company earned a revenue of $509.34 million and had a GAAP net loss of $74 million
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.
Read More on RBLX:
- Roblox Stock: Strong December Metrics Merit a Price Target Hike, Says Analyst
- Roblox Plunges after Analyst Downgrade
- Roblox downgraded to Underweight from Equal Weight at Morgan Stanley
- Video game sales fell 13% y/y in Europe in December, GI.biz says
- Roblox CEO says community grew 23% in 2022 to over 56M daily users