Roblox Co. (NYSE:RBLX) Sees Large Drop in Short Interest

Roblox Co. (NYSE:RBLX - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 21,290,000 shares, a decrease of 15.2% from the December 15th total of 25,110,000 shares. Based on an average trading volume of 8,390,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 4.0% of the shares of the company are short sold.

Roblox Price Performance

Shares of NYSE RBLX traded up $1.71 during mid-day trading on Thursday, hitting $65.45. 9,820,863 shares of the company's stock traded hands, compared to its average volume of 6,802,186. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox has a 1 year low of $29.55 and a 1 year high of $66.51. The company's 50-day moving average is $56.61 and its two-hundred day moving average is $47.23. The company has a market capitalization of $39.77 billion, a P/E ratio of -39.91 and a beta of 1.43.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on RBLX. Wedbush reaffirmed an "outperform" rating and set a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Citigroup lifted their price target on shares of Roblox from $53.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Benchmark upped their price target on shares of Roblox from $44.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. BTIG Research raised their price objective on shares of Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.48.

Insider Buying and Selling at Roblox

In other Roblox news, insider Manuel Bronstein sold 44,888 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total value of $2,693,728.88. Following the transaction, the insider now directly owns 573,266 shares in the company, valued at approximately $34,401,692.66. This trade represents a 7.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 16,480 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $847,566.40. Following the sale, the insider now directly owns 278,161 shares of the company's stock, valued at approximately $14,305,820.23. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,254,601 shares of company stock valued at $65,622,735. 22.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Roblox in the 3rd quarter worth about $27,000. Frazier Financial Advisors LLC lifted its stake in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc lifted its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 530 shares during the period. Finally, Huntington National Bank grew its stake in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company's stock valued at $46,000 after buying an additional 770 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

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.

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