Merit Financial Group LLC Purchases 5,269 Shares of Roblox Corporation $RBLX

Key Points

• Merit Financial Group LLC increased its stake in Roblox Corporation by 11.1%, acquiring an additional 5,269 shares, bringing its total holdings to 52,551 shares valued at approximately $5.5 million.
• Roblox recently received multiple upgrades from analysts, with Bank of America raising its target price from $159 to $171, while the consensus average target price for the stock is currently set at $126.72.
• The company's shares opened at $126.33, with a market capitalization of $81.49 billion, showcasing a volatile year with a 52-week low of $37.50 and a high of $150.59.

Merit Financial Group LLC boosted its position in Roblox Corporation (NYSE:RBLX - Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,551 shares of the company's stock after acquiring an additional 5,269 shares during the period. Merit Financial Group LLC's holdings in Roblox were worth $5,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RBLX. ORG Partners LLC bought a new position in shares of Roblox in the 2nd quarter worth $33,000. Larson Financial Group LLC raised its holdings in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after buying an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox in the first quarter valued at $39,000. Fifth Third Bancorp lifted its stake in shares of Roblox by 124.7% in the second quarter. Fifth Third Bancorp now owns 537 shares of the company's stock valued at $56,000 after buying an additional 298 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Roblox during the first quarter valued at about $57,000. Institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RBLX. Bank of America upped their target price on shares of Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Canaccord Genuity Group increased their price objective on Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Needham & Company LLC lifted their target price on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Cowen reissued a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Finally, Wedbush restated an "outperform" rating and set a $165.00 price objective on shares of Roblox in a research note on Thursday, September 4th. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.72.

Roblox Price Performance

Shares of NYSE:RBLX opened at $126.33 on Tuesday. The company has a market capitalization of $81.49 billion, a P/E ratio of -88.34 and a beta of 1.63. The company's 50-day moving average is $129.01 and its 200 day moving average is $99.88. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) 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). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The business's revenue was up 50.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $136.55, for a total transaction of $819,300.00. Following the completion of the transaction, the insider owned 278,642 shares in the company, valued at approximately $38,048,565.10. This represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. Insiders have sold a total of 372,876 shares of company stock worth $48,196,989 in the last ninety days. Company insiders own 12.92% of the company's stock.

Roblox 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.

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Corporation (NYSE:RBLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.