Emerald Advisers LLC Increases Position in Roblox Corporation $RBLX

Emerald Advisers LLC raised its position in Roblox Corporation (NYSE:RBLX) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,683 shares of the company’s stock after purchasing an additional 124 shares during the period. Emerald Advisers LLC’s holdings in Roblox were worth $703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of RBLX. ORG Partners LLC purchased a new stake in shares of Roblox in the 2nd quarter valued at approximately $33,000. Larson Financial Group LLC increased its position in shares of Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after purchasing an additional 516 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Roblox in the 2nd quarter valued at approximately $34,000. Generali Asset Management SPA SGR purchased a new stake in shares of Roblox in the 2nd quarter valued at approximately $40,000. Finally, Kiker Wealth Management LLC grew its position in shares of Roblox by 2,646.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after buying an additional 397 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup increased their target price on shares of Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Piper Sandler reaffirmed an “overweight” rating on shares of Roblox in a research report on Friday, October 24th. Cowen reaffirmed a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Finally, Arete upgraded shares of Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price target for the company in a research note on Tuesday, September 9th. Twenty research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.22.

Roblox Stock Up 1.7%

RBLX stock opened at $133.92 on Thursday. Roblox Corporation has a one year low of $42.36 and a one year high of $150.59. The stock has a market capitalization of $86.38 billion, a PE ratio of -93.65 and a beta of 1.63. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The company has a fifty day moving average of $130.52 and a 200-day moving average of $108.57.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned ($0.32) EPS. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis. As a group, analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total transaction of $810,120.00. Following the completion of the transaction, the insider directly owned 272,642 shares in the company, valued at approximately $36,812,122.84. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anthony P. Lee sold 66,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $136.33, for a total transaction of $8,997,780.00. Following the completion of the sale, the director directly owned 270,628 shares in the company, valued at $36,894,715.24. This represents a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 366,876 shares of company stock valued at $47,485,929. 12.92% of the stock is owned by company insiders.

About Roblox

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.