Pekin Hardy Strauss Inc. Makes New $201,000 Investment in Roblox Corporation (NYSE:RBLX)

Pekin Hardy Strauss Inc. bought a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,456 shares of the company's stock, valued at approximately $201,000.

Several other institutional investors also recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd raised its holdings in shares of Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox during the first quarter worth about $39,000. Colonial Trust Co SC acquired a new position in Roblox during the fourth quarter worth about $41,000. Rakuten Securities Inc. boosted its position in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 633 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Down 1.6%

Shares of RBLX traded down $1.67 on Thursday, reaching $105.01. The stock had a trading volume of 2,273,396 shares, compared to its average volume of 8,027,311. The company has a 50-day simple moving average of $90.46 and a 200-day simple moving average of $71.64. The firm has a market capitalization of $71.23 billion, a price-to-earnings ratio of -78.28 and a beta of 1.60. Roblox Corporation has a 12-month low of $35.30 and a 12-month high of $108.00. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The company's quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.43) earnings per share. Sell-side analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on RBLX shares. BTIG Research boosted their price target on shares of Roblox from $73.00 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price target on shares of Roblox from $100.00 to $120.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Citigroup reissued a "buy" rating on shares of Roblox in a research note on Monday. Macquarie boosted their price target on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Finally, FBN Securities started coverage on shares of Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.52.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 1,375,002 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the completion of the transaction, the chief executive officer directly owned 221,983 shares of the company's stock, valued at approximately $16,024,952.77. This represents a 86.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 6,645,690 shares of company stock valued at $592,729,502 in the last 90 days. 12.92% of the stock is currently owned by company insiders.

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.