MBL Wealth LLC bought a new position in shares of Roblox Corporation (NYSE:RBLX – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,555 shares of the company’s stock, valued at approximately $490,000.
Other institutional investors have also modified their holdings of the company. Basecamp Wealth Advisors LLC boosted its holdings in shares of Roblox by 98.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $29,000 after purchasing an additional 252 shares during the period. Root Financial Partners LLC grew its stake in Roblox by 100.7% in the first quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock worth $32,000 after purchasing an additional 283 shares in the last quarter. Activest Wealth Management increased its holdings in Roblox by 72.9% during the 3rd quarter. Activest Wealth Management now owns 588 shares of the company’s stock worth $25,000 after purchasing an additional 248 shares during the period. Western Wealth Management LLC purchased a new position in Roblox during the 1st quarter worth $33,000. Finally, Atlantic Private Wealth LLC purchased a new position in Roblox during the 1st quarter worth $35,000. 94.46% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on RBLX shares. Jefferies Financial Group lowered Roblox from a “hold” rating to an “underperform” rating and set a $38.00 target price for the company. in a research report on Monday, September 28th. BTIG Research increased their price target on Roblox from $30.00 to $41.00 and gave the stock a “sell” rating in a research report on Tuesday, September 15th. Citigroup cut their price target on Roblox from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Piper Sandler restated a “neutral” rating and issued a $47.00 price objective (down from $50.00) on shares of Roblox in a report on Friday, July 31st. Finally, Wolfe Research downgraded Roblox from an “outperform” rating to a “hold” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Roblox currently has an average rating of “Hold” and an average target price of $57.22.
Check Out Our Latest Stock Report on Roblox
Roblox Stock Performance
Shares of RBLX stock opened at $53.00 on Friday. The firm has a market cap of $35.51 billion, a price-to-earnings ratio of -37.06 and a beta of 1.47. The company’s 50 day moving average is $45.12 and its 200 day moving average is $47.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. Roblox Corporation has a 52-week low of $33.88 and a 52-week high of $134.67.
Roblox (NYSE:RBLX – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.08. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.60 billion. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. Roblox’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. On average, sell-side analysts anticipate that Roblox Corporation will post -1.39 EPS for the current fiscal year.
Trending Headlines about Roblox
Here are the key news stories impacting Roblox this week:
- Positive Sentiment: Wedbush raised its price target for Roblox from $48 to $55 while maintaining a neutral rating. The revision reflects expectations that user activity remained more resilient than feared in the third quarter. Wedbush Roblox price target update
- Positive Sentiment: Earnings expectations have improved. Analysts see an 8.54% positive Earnings ESP, and recent estimate revisions suggest Roblox could beat expectations when it reports. The company is expected to post a quarterly loss of approximately $0.41 per share on $1.63 billion of revenue. Roblox earnings optimism
- Positive Sentiment: Roblox users reportedly held up better than expected in the third quarter, which could help support engagement metrics and reduce downside risk around the upcoming results. Roblox user trends and spending
- Neutral Sentiment: Roblox’s recent recommendation-system changes prioritize game quality and user retention over near-term spending. This strategy could improve long-term engagement, but it may temporarily reduce monetization growth. What is wrong with Roblox stock
- Negative Sentiment: Spending per user was likely below expectations. Even with resilient user numbers, weaker monetization could pressure bookings and revenue, limiting the benefit of strong engagement.
- Negative Sentiment: Bookings growth slowed sharply in the second quarter, while engagement cooled. Forecasts also call for year-over-year declines in both earnings and revenue, keeping the stock vulnerable if Roblox fails to demonstrate improved monetization.
Insider Buying and Selling at Roblox
In other news, insider Sean Buckley sold 4,321 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $38.68, for a total value of $167,136.28. Following the completion of the transaction, the insider directly owned 87,213 shares of the company’s stock, valued at approximately $3,373,398.84. The trade was a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gregory Baszucki sold 16,666 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $42.87, for a total value of $714,471.42. Following the sale, the director owned 1,252,836 shares of the company’s stock, valued at $53,709,079.32. This trade represents a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 186,390 shares of company stock worth $7,283,371. 10.05% of the stock is currently owned by company insiders.
About Roblox
Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.
Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.
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