Townsquare Capital LLC Boosts Stake in Roblox Corporation (NYSE:RBLX)

Townsquare Capital LLC increased its position in Roblox Corporation (NYSE:RBLX - Free Report) by 46.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,917 shares of the company's stock after purchasing an additional 5,394 shares during the period. Townsquare Capital LLC's holdings in Roblox were worth $986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd raised its position in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC raised its position in Roblox by 819.0% during the 1st 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. purchased a new position in Roblox during the 1st quarter worth $39,000. Colonial Trust Co SC purchased a new position in Roblox during the 4th quarter worth $41,000. Finally, Headlands Technologies LLC purchased a new position in Roblox during the 1st quarter worth $57,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $125.14 on Friday. The stock has a market cap of $80.72 billion, a price-to-earnings ratio of -87.51 and a beta of 1.63. Roblox Corporation has a 52 week low of $37.50 and a 52 week high of $150.59. The company's 50-day moving average price is $112.53 and its 200 day moving average price is $82.49. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business earned ($0.32) earnings per share. Roblox's revenue for the quarter was up 50.5% on a year-over-year basis. As a group, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity

In other Roblox news, CEO David Baszucki sold 875 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total transaction of $110,880.00. Following the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $26,808,756.48. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $133.67, for a total transaction of $802,020.00. Following the sale, the insider directly owned 301,223 shares in the company, valued at $40,264,478.41. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,127,213 shares of company stock valued at $493,410,989 over the last quarter. 12.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. BMO Capital Markets upped their price objective on shares of Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Needham & Company LLC upped their price objective on shares of Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Citigroup increased their price target on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Bank of America increased their price target on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.59.

About Roblox

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.

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