Roblox Co. (NYSE:RBLX) Short Interest Down 19.5% in August

Roblox Co. (NYSE:RBLX) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 17,050,000 shares, a drop of 19.5% from the August 15th total of 21,180,000 shares. Based on an average trading volume of 10,120,000 shares, the short-interest ratio is presently 1.7 days. Currently, 3.7% of the company’s shares are sold short.

Analyst Ratings Changes

Several research analysts have recently commented on RBLX shares. Deutsche Bank Aktiengesellschaft reduced their target price on Roblox from $55.00 to $45.00 in a research note on Thursday, August 10th. Truist Financial lowered their price target on Roblox from $45.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, August 17th. Wedbush raised Roblox from a “neutral” rating to an “outperform” rating and set a $37.00 target price for the company in a report on Wednesday, August 9th. Morgan Stanley raised Roblox from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $26.00 to $30.00 in a report on Thursday, August 10th. Finally, Stifel Nicolaus reduced their price target on Roblox from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, August 10th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.36.

Roblox Stock Down 1.0 %

NYSE:RBLX traded down $0.28 on Monday, hitting $27.63. The stock had a trading volume of 2,585,143 shares, compared to its average volume of 10,976,857. The company has a market cap of $15.66 billion, a PE ratio of -14.85 and a beta of 1.69. Roblox has a 52 week low of $25.32 and a 52 week high of $47.67. The business’s fifty day moving average is $33.76 and its 200 day moving average is $38.34. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 6.12.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.46) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.46). The company had revenue of $780.69 million during the quarter, compared to analyst estimates of $784.99 million. Roblox had a negative return on equity of 399.93% and a negative net margin of 46.81%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.30) earnings per share. On average, equities research analysts expect that Roblox will post -1.91 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, Director Gregory Baszucki sold 8,333 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $27.03, for a total value of $225,240.99. Following the transaction, the director now owns 9,855,268 shares in the company, valued at $266,387,894.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Roblox news, Director Gregory Baszucki sold 8,333 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $27.03, for a total transaction of $225,240.99. Following the transaction, the director now owns 9,855,268 shares in the company, valued at $266,387,894.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark Reinstra sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $39.09, for a total value of $156,360.00. Following the transaction, the insider now owns 332,308 shares in the company, valued at approximately $12,989,919.72. The disclosure for this sale can be found here. Insiders have sold a total of 981,875 shares of company stock worth $32,192,224 over the last 90 days. Insiders own 27.67% of the company’s stock.

Institutional Investors Weigh In On Roblox

A number of large investors have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of Roblox by 31.5% in the 1st quarter. Allworth Financial LP now owns 1,964 shares of the company’s stock worth $88,000 after purchasing an additional 470 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Roblox by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,215,786 shares of the company’s stock worth $54,686,000 after purchasing an additional 12,818 shares in the last quarter. Natixis lifted its stake in shares of Roblox by 423.8% in the 4th quarter. Natixis now owns 70,552 shares of the company’s stock valued at $1,995,000 after acquiring an additional 57,084 shares during the last quarter. K.J. Harrison & Partners Inc bought a new stake in shares of Roblox in the 1st quarter valued at about $675,000. Finally, KBC Group NV lifted its stake in shares of Roblox by 400.5% in the 1st quarter. KBC Group NV now owns 98,112 shares of the company’s stock valued at $4,413,000 after acquiring an additional 78,511 shares during the last quarter. Hedge funds and other institutional investors own 69.92% of the company’s stock.

About Roblox

Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.