Citizens Financial Group Inc. RI Takes Position in Roblox Co. (NYSE:RBLX)

Citizens Financial Group Inc. RI acquired a new position in Roblox Co. (NYSE:RBLX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 85,046 shares of the company’s stock, valued at approximately $3,165,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RBLX. PARK CIRCLE Co acquired a new position in shares of Roblox in the 2nd quarter valued at $30,000. Strategic Financial Concepts LLC acquired a new position in Roblox in the second quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC boosted its holdings in Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after buying an additional 506 shares during the last quarter. Washington Trust Advisors Inc. acquired a new position in shares of Roblox during the 1st quarter worth about $39,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Roblox by 98.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after acquiring an additional 548 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

Roblox Stock Up 0.8 %

RBLX stock opened at $46.25 on Tuesday. The company has a market cap of $27.68 billion, a price-to-earnings ratio of -24.87 and a beta of 1.60. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.49. The business has a 50 day moving average price of $41.33 and a two-hundred day moving average price of $38.19. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. During the same period last year, the business earned ($0.46) earnings per share. The firm’s revenue was up 31.2% on a year-over-year basis. Analysts anticipate that Roblox Co. will post -1.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RBLX shares. Wolfe Research started coverage on shares of Roblox in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. BTIG Research boosted their price target on shares of Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a report on Monday, September 9th. The Goldman Sachs Group raised their price objective on Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their target price on Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $44.40.

Insider Transactions at Roblox

In related news, insider Mark Reinstra sold 12,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the sale, the insider now directly owns 342,656 shares in the company, valued at approximately $13,706,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Mark Reinstra sold 12,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the sale, the insider now owns 342,656 shares in the company, valued at approximately $13,706,240. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 592 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total value of $25,645.44. Following the sale, the insider now directly owns 276,892 shares of the company’s stock, valued at approximately $11,994,961.44. The disclosure for this sale can be found here. Insiders have sold 608,675 shares of company stock worth $25,410,923 in the last ninety days. Insiders own 22.15% of the company’s stock.

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.