Yousif Capital Management LLC Acquires Shares of 4,750 Roblox Co. (NYSE:RBLX)

Yousif Capital Management LLC acquired a new stake in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,750 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC lifted its holdings in shares of Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock worth $202,000 after buying an additional 320 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of Roblox by 3.1% in the third quarter. Independent Advisor Alliance now owns 11,851 shares of the company’s stock worth $343,000 after buying an additional 352 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Roblox by 9.3% in the third quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock worth $119,000 after buying an additional 352 shares in the last quarter. Sepio Capital LP lifted its holdings in shares of Roblox by 3.0% in the third quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock worth $374,000 after buying an additional 382 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Roblox by 0.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock worth $4,297,000 after buying an additional 458 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RBLX shares. Stifel Nicolaus reissued a “buy” rating and issued a $53.00 price target on shares of Roblox in a report on Monday, April 22nd. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Benchmark reiterated a “buy” rating and set a $50.00 target price on shares of Roblox in a research report on Tuesday, April 23rd. Needham & Company LLC lifted their target price on shares of Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $41.00 to $48.00 in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.60.

Insider Buying and Selling

In related news, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total value of $456,040.00. Following the transaction, the director now directly owns 9,747,603 shares of the company’s stock, valued at $341,945,913.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO David Baszucki sold 200,000 shares of Roblox stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at $44.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total transaction of $456,040.00. Following the completion of the sale, the director now owns 9,747,603 shares in the company, valued at approximately $341,945,913.24. The disclosure for this sale can be found here. Insiders have sold a total of 712,374 shares of company stock valued at $29,639,338 over the last three months. 22.15% of the stock is owned by company insiders.

Roblox Trading Up 2.2 %

RBLX stock opened at $40.11 on Tuesday. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company’s 50 day moving average price is $38.06 and its two-hundred day moving average price is $39.33. The company has a market capitalization of $25.34 billion, a PE ratio of -21.45 and a beta of 1.63.

Roblox (NYSE:RBLX) last issued its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm earned ($0.48) earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, analysts predict that Roblox Co. will post -2.09 earnings per share for the current fiscal year.

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.