Wedbush analyst Nick McKay maintained a Hold rating on Roblox (RBLX – Research Report) today and set a price target of $32.00. The company’s shares opened today at $38.07.
According to TipRanks, McKay is an analyst with an average return of -31.9% and a 9.52% success rate.
Currently, the analyst consensus on Roblox is a Moderate Buy with an average price target of $37.63, representing a -1.16% downside. In a report released today, Truist Financial also maintained a Hold rating on the stock with a $37.00 price target.
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The company has a one-year high of $82.45 and a one-year low of $21.65. Currently, Roblox has an average volume of 14.69M.
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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