5 Reddit Stocks That Are Too Cheap To Ignore

2. Roblox Corporation (NYSE:RBLX)

Number of Hedge Fund Holders: 38

Share Price as of November 22: $30.77

Roblox Corporation (NYSE:RBLX) is an interactive home entertainment company that develops and operates an online entertainment platform. The company is based in San Mateo, California.

Jason Bazinet at Citigroup holds a Buy rating on Roblox Corporation (NYSE:RBLX) share as of November 21.

Roblox Corporation (NYSE:RBLX) is a company that has proven its ability to generate positive cash flow. The company’s latest third-quarter earnings release showed that bookings on Roblox Corporation (NYSE:RBLX) beat expectations by $12.47 million, coming in at $701.7 million. This figure was 10% higher year-over-year, and 15% higher on a constant currency basis.

In total, 38 funds were long Roblox Corporation (NYSE:RBLX) in the third quarter and in the previous quarter as well. Their total stake values were $1.6 billion and $1.4 billion, respectively.

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