Nykredit A S bought a new stake in Roblox Corporation (NYSE:RBLX – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 216,090 shares of the company’s stock, valued at approximately $11,751,000.
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Several other institutional investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new stake in shares of Roblox in the fourth quarter worth approximately $27,000. LM Advisors LLC bought a new stake in shares of Roblox during the 4th quarter worth approximately $35,000. Hanson & Doremus Investment Management purchased a new position in Roblox during the 1st quarter valued at $25,000. Basecamp Wealth Advisors LLC boosted its holdings in Roblox by 98.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $29,000 after acquiring an additional 252 shares during the period. Finally, Root Financial Partners LLC grew its position in Roblox by 100.7% in the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock valued at $32,000 after acquiring an additional 283 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.
Roblox Trading Up 0.1%
NYSE RBLX opened at $47.88 on Monday. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $32.08 billion, a price-to-earnings ratio of -33.48 and a beta of 1.47. The company’s 50-day simple moving average is $43.64 and its two-hundred day simple moving average is $49.40. Roblox Corporation has a one year low of $33.88 and a one year high of $142.00.
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Roblox (NYSE:RBLX – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.08. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the company earned ($0.41) EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Equities analysts forecast that Roblox Corporation will post -1.39 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on RBLX shares. Seaport Research Partners lowered Roblox to a “neutral” rating in a research note on Monday, June 29th. Jefferies Financial Group restated a “hold” rating and issued a $38.00 price target on shares of Roblox in a report on Wednesday, September 9th. DA Davidson set a $40.00 price target on shares of Roblox in a research note on Friday, July 31st. Arete Research set a $95.00 price objective on shares of Roblox and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Roth Capital boosted their price objective on shares of Roblox from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Roblox has a consensus rating of “Hold” and an average target price of $60.36.
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