Kovitz Investment Group Partners LLC Invests $213,000 in Roblox Co. (NYSE:RBLX)

Kovitz Investment Group Partners LLC purchased a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,685 shares of the company’s stock, valued at approximately $213,000.

A number of other large investors have also added to or reduced their stakes in RBLX. Versant Capital Management Inc lifted its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the period. Parkside Financial Bank & Trust lifted its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the period. Rakuten Securities Inc. grew its stake in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after buying an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 633 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after buying an additional 271 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Up 7.5 %

Roblox stock opened at $74.19 on Friday. The firm has a 50 day moving average price of $59.73 and a two-hundred day moving average price of $58.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The firm has a market cap of $46.63 billion, a price-to-earnings ratio of -51.17 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business earned ($0.43) earnings per share. Roblox’s revenue for the quarter was up 30.6% on a year-over-year basis. Equities analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Piper Sandler reissued an “overweight” rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Company boosted their target price on Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Oppenheimer upgraded shares of Roblox from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.27.

Insider Buying and Selling

In other news, CEO David Baszucki sold 229,167 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the completion of the sale, the chief executive officer now owns 221,983 shares of the company’s stock, valued at $11,649,667.84. This trade represents a 50.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total transaction of $347,940.00. Following the transaction, the insider now owns 364,244 shares in the company, valued at $21,122,509.56. The trade was a 1.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 764,399 shares of company stock valued at $45,431,661 over the last 90 days. Company insiders own 22.15% of the company’s stock.

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.