Short Interest in Roblox Co. (NYSE:RBLX) Grows By 15.0%

Roblox Co. (NYSE:RBLX) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 24,560,000 shares, an increase of 15.0% from the January 15th total of 21,350,000 shares. Based on an average daily volume of 8,630,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 4.5% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Roth Mkm lifted their price target on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft lifted their price target on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Morgan Stanley lifted their price target on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Barclays lowered their price target on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.19.

Roblox Stock Up 1.7 %

Shares of NYSE:RBLX traded up $1.09 on Monday, reaching $66.62. The company had a trading volume of 6,355,233 shares, compared to its average volume of 9,327,394. Roblox has a twelve month low of $29.55 and a twelve month high of $75.74. The stock has a 50-day moving average price of $63.45 and a 200 day moving average price of $51.63. The stock has a market capitalization of $40.48 billion, a P/E ratio of -45.95 and a beta of 1.46. 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 (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, equities analysts expect that Roblox will post -1.4 EPS for the current year.

Insider Activity

In related news, CAO Amy Marie Rawlings sold 6,054 shares of Roblox stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $311,357.22. Following the transaction, the chief accounting officer now directly owns 85,008 shares in the company, valued at $4,371,961.44. The trade was a 6.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Reinstra sold 16,480 shares of Roblox stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $847,566.40. Following the completion of the transaction, the insider now owns 278,161 shares in the company, valued at $14,305,820.23. The trade was a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,120,348 shares of company stock worth $68,517,456. 22.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roblox

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares during the period. Creative Planning increased its stake in Roblox by 6.2% during the third quarter. Creative Planning now owns 138,247 shares of the company’s stock valued at $6,119,000 after acquiring an additional 8,097 shares during the period. Swedbank AB increased its stake in Roblox by 22.5% during the third quarter. Swedbank AB now owns 65,302 shares of the company’s stock valued at $2,890,000 after acquiring an additional 12,005 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Roblox by 80.0% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,964 shares of the company’s stock valued at $928,000 after acquiring an additional 9,318 shares during the period. Finally, Bleakley Financial Group LLC increased its stake in Roblox by 169.2% during the third quarter. Bleakley Financial Group LLC now owns 15,303 shares of the company’s stock valued at $677,000 after acquiring an additional 9,619 shares during the period. 94.46% of the stock is currently owned by institutional investors.

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.