Quest Partners LLC Makes New Investment in Roblox Co. (NYSE:RBLX)

Quest Partners LLC acquired a new position in shares of Roblox Co. (NYSE:RBLX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,325 shares of the company’s stock, valued at approximately $103,000.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Roblox in the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC raised its position in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares in the last quarter. PARK CIRCLE Co acquired a new stake in shares of Roblox in the second quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in shares of Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after buying an additional 530 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC raised its position in shares of Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 3,601 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $49.32, for a total value of $177,601.32. Following the sale, the chief accounting officer now owns 81,407 shares in the company, valued at $4,014,993.24. This represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anthony P. Lee sold 200,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the completion of the sale, the director now owns 4,707,579 shares in the company, valued at $236,932,451.07. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,013,607 shares of company stock worth $48,434,122 in the last quarter. Insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

RBLX has been the subject of several research analyst reports. Canaccord Genuity Group boosted their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup boosted their target price on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Wedbush reaffirmed an “outperform” rating and set a $49.00 target price on shares of Roblox in a research note on Friday, October 25th. Finally, BTIG Research boosted their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Roblox Price Performance

RBLX stock opened at $50.15 on Friday. The firm has a market cap of $30.47 billion, a price-to-earnings ratio of -30.58 and a beta of 1.56. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The company’s fifty day simple moving average is $46.35 and its 200 day simple moving average is $41.46.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned ($0.45) earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts expect that Roblox Co. will post -1.56 earnings per share for the current year.

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.