Roblox Stock Is Trying to Rebound, but Short Sellers Still Abound [MarketWatch]
Roblox Corporation Class A (RBLX)
Company Research
Source: MarketWatch
Shares of Roblox (ticker: RBLX) rose 19% to $28.58 in Thursday trading. The stock is still down 72% year to date and 78% from its record high of $134.72 on Nov. 19, according to Dow Jones Market Data. Shares were up as much as 29% Thursday. Some 94.8 million shares were traded, compared with a 65-day average of 26 million. The stock's jump followed Roblox's earnings report on Tuesday night. Shares i nitially fell following the report, but surged in Wednesday's session after the firm's conference call that morning. Executives seemed upbeat that year-over-year growth in bookings—a form of adjusted revenue—was poised to improve in the coming months after bottoming in March. The move Thursday caused some pain for short sellers betting on a price decline. Ihor Dusaniwsky, managing director at short selling analytics firm S3 Partners, told Barron's via email that short sellers were down $146.4 million on Thursday's action. S3 Partners estimates Roblox's short interest at 31.74 million
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RBLX
News
- Roblox Co. (NYSE: RBLX) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $50.00 price target on the stock.MarketBeat
- Roblox upgraded, Qualcomm initiated: Wall Street's top analyst calls [Yahoo! Finance]Yahoo! Finance
- Roblox Co. (NYSE: RBLX) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $48.00 price target on the stock, up previously from $41.00.MarketBeat
- Roblox Co. (NYSE: RBLX) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $53.00 price target on the stock.MarketBeat
- Embracer Decides To Split Up, Names New Companies Things Like 'Middle-earth Enterprises & Friends' [Yahoo! Finance]Yahoo! Finance
RBLX
Earnings
- 2/7/24 - Beat
RBLX
Sec Filings
- 4/24/24 - Form 144
- 4/18/24 - Form 4
- 4/17/24 - Form 4
- RBLX's page on the SEC website