EverSource Wealth Advisors LLC Purchases 633 Shares of Roblox Co. (NYSE:RBLX)

EverSource Wealth Advisors LLC boosted its position in shares of Roblox Co. (NYSE:RBLX) by 188.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 969 shares of the company’s stock after acquiring an additional 633 shares during the period. EverSource Wealth Advisors LLC’s holdings in Roblox were worth $56,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RBLX. Versant Capital Management Inc increased its stake in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the period. Parkside Financial Bank & Trust boosted its holdings in 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 purchasing an additional 230 shares in the last quarter. True Wealth Design LLC boosted its holdings in Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after purchasing an additional 1,355 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Roblox by 2,955.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $71,000 after purchasing an additional 1,182 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Up 3.9 %

NYSE:RBLX opened at $58.17 on Thursday. The stock’s fifty day moving average price is $63.63 and its two-hundred day moving average price is $54.68. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market cap of $36.01 billion, a price-to-earnings ratio of -40.11 and a beta of 1.49.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating 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 665.98%. On average, analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In related news, Director Anthony P. Lee sold 250,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the sale, the director now owns 6,254,137 shares in the company, valued at $406,769,070.48. This represents a 3.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the sale, the insider now owns 278,161 shares of the company’s stock, valued at approximately $16,620,119.75. This represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 950,466 shares of company stock worth $61,646,297. Insiders own 22.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RBLX shares. Moffett Nathanson downgraded Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. Macquarie lifted their price objective on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Barclays decreased their price objective on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. 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 report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Company 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.