Short Interest in Roblox Co. (NYSE:RBLX) Expands By 15.0%

Roblox Co. (NYSE:RBLX) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 24,560,000 shares, a growth of 15.0% from the January 15th total of 21,350,000 shares. Currently, 4.5% of the shares of the stock are short sold. Based on an average daily volume of 8,630,000 shares, the days-to-cover ratio is currently 2.8 days.

Roblox Stock Up 1.7 %

RBLX opened at $66.62 on Monday. The company has a market cap of $40.48 billion, a P/E ratio of -45.95 and a beta of 1.46. Roblox has a 12 month low of $29.55 and a 12 month high of $75.74. The business’s 50-day moving average price is $63.45 and its 200-day moving average price is $51.63. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. On average, equities analysts expect that Roblox will post -1.4 EPS for the current year.

Insider Activity at Roblox

In other news, CAO Amy Marie Rawlings sold 6,054 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $311,357.22. Following the completion of the transaction, the chief accounting officer now owns 85,008 shares of the company’s stock, valued at $4,371,961.44. This represents a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 25,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $51.19, for a total transaction of $1,279,750.00. Following the transaction, the director now directly owns 5,706,695 shares of the company’s stock, valued at $292,125,717.05. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,120,348 shares of company stock valued at $68,517,456. 22.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Roblox in the third quarter worth about $27,000. Frazier Financial Advisors LLC raised its position in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. GAMMA Investing LLC grew its position in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after buying an additional 530 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Piper Sandler reissued an “overweight” rating and issued a $72.00 price target (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. HSBC started coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.19.

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.