IVC Wealth Advisors LLC Buys Shares of 3,290 Roblox Corporation $RBLX

IVC Wealth Advisors LLC bought a new stake in shares of Roblox Corporation (NYSE:RBLX) in the second quarter, Holdings Channel reports. The fund bought 3,290 shares of the company’s stock, valued at approximately $346,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC bought a new position in shares of Roblox during the first quarter valued at approximately $70,254,000. Fox Run Management L.L.C. increased its position in shares of Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock valued at $709,000 after acquiring an additional 4,390 shares in the last quarter. Moody Lynn & Lieberson LLC bought a new stake in shares of Roblox during the second quarter valued at approximately $2,779,000. Long Corridor Asset Management Ltd bought a new stake in shares of Roblox during the first quarter valued at approximately $4,372,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Roblox by 15.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company’s stock valued at $2,096,000 after acquiring an additional 4,760 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and set a $165.00 price target on shares of Roblox in a research report on Thursday, September 4th. Raymond James Financial downgraded shares of Roblox from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Roblox in a research report on Saturday, September 27th. Canaccord Genuity Group raised their price target on shares of Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of Roblox from a “hold” rating to a “sell” rating in a research report on Saturday. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.72.

Insider Buying and Selling at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $136.55, for a total transaction of $819,300.00. Following the transaction, the insider owned 278,642 shares in the company, valued at $38,048,565.10. This trade represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of Roblox stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $773,001.57. Following the transaction, the chief accounting officer owned 46,866 shares in the company, valued at $5,516,596.86. This represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,876 shares of company stock worth $47,386,869. 12.92% of the stock is owned by insiders.

Roblox Trading Down 7.9%

NYSE:RBLX opened at $122.91 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The company has a market cap of $79.28 billion, a PE ratio of -85.95 and a beta of 1.63. The company has a 50 day simple moving average of $128.89 and a two-hundred day simple moving average of $99.13.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period last year, the firm posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Roblox Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.