Tag: NASDAQ:ROKU

Creative Planning boosted its position in Roku, Inc. (NASDAQ:ROKU – Free Report) by 22.5% during the second quarter, HoldingsChannel reports. The fund owned 19,075 shares of the company’s stock after buying an additional 3,503 shares during the quarter. Creative Planning’s holdings in Roku were worth $1,220,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in shares of Roku during the fourth quarter valued at about $25,000. Machina Capital S.A.S. bought a new stake in shares of Roku during the first quarter valued at about $26,000. Exchange Traded Concepts LLC increased its position in shares of Roku by 980.6% during the first quarter. Exchange Traded Concepts LLC now owns 670 shares of the company’s stock valued at $44,000 after buying an additional 608 shares during the period. Manchester Capital Management LLC bought a new stake in shares of Roku during the first quarter valued at about $44,000. Finally, Covestor Ltd grew its holdings in shares of Roku by 693.2% during the first quarter. Covestor Ltd now owns 349 shares of the company’s stock worth $44,000 after purchasing an additional 305 shares in the last quarter. 69.21% of the stock is currently owned by institutional investors.

Roku Stock Performance

NASDAQ:ROKU opened at $66.07 on Friday. The firm has a market cap of $9.35 billion, a PE ratio of -14.00 and a beta of 1.78. Roku, Inc. has a fifty-two week low of $38.26 and a fifty-two week high of $98.44. The business has a 50 day moving average price of $76.58 and a 200-day moving average price of $69.00.

Roku (NASDAQ:ROKU – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.76) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.28) by $0.52. The firm had revenue of $847.20 million during the quarter, compared to analyst estimates of $774.65 million. Roku had a negative return on equity of 25.15% and a negative net margin of 20.54%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.82) earnings per share. Research analysts predict that Roku, Inc. will post -5.32 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on ROKU shares. Pivotal Research boosted their price objective on Roku from $53.00 to $58.00 and gave the stock a “sell” rating in a report on Friday, July 28th. Morgan Stanley boosted their price objective on Roku from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Monday, July 31st. Oppenheimer boosted their price objective on Roku from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, September 6th. Wells Fargo & Company boosted their price objective on Roku from $63.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, July 28th. Finally, DA Davidson upped their target price on Roku from $100.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $81.48.

Read Our Latest Stock Report on ROKU

Insider Activity at Roku

In related news, insider Gidon Katz sold 1,968 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $79.14, for a total transaction of $155,747.52. Following the completion of the transaction, the insider now owns 22,572 shares in the company, valued at $1,786,348.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Matthew C. Banks sold 1,259 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $82.69, for a total transaction of $104,106.71. Following the completion of the transaction, the chief accounting officer now owns 6,017 shares in the company, valued at $497,545.73. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gidon Katz sold 1,968 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $79.14, for a total value of $155,747.52. Following the transaction, the insider now owns 22,572 shares of the company’s stock, valued at approximately $1,786,348.08. The disclosure for this sale can be found here. Insiders sold a total of 19,208 shares of company stock worth $1,629,896 over the last quarter. 13.63% of the stock is owned by corporate insiders.

Roku Profile

(Free Report)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.

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Want to see what other hedge funds are holding ROKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roku, Inc. (NASDAQ:ROKU – Free Report).

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SVB Wealth LLC lowered its holdings in Roku, Inc. (NASDAQ:ROKU – Get Rating) by 94.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,423 shares of the company’s stock after selling 101,733 shares during the quarter. SVB Wealth LLC’s holdings in Roku were worth $221,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ROKU. Renaissance Technologies LLC lifted its holdings in Roku by 772.1% in the first quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock valued at $351,771,000 after acquiring an additional 2,486,100 shares during the period. Wellington Management Group LLP increased its position in shares of Roku by 97.2% in the first quarter. Wellington Management Group LLP now owns 4,174,003 shares of the company’s stock valued at $522,878,000 after buying an additional 2,057,633 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Roku in the third quarter valued at $31,636,000. ANTIPODES PARTNERS Ltd increased its position in shares of Roku by 86.0% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 981,612 shares of the company’s stock valued at $39,951,000 after buying an additional 453,787 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Roku by 6.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,847,444 shares of the company’s stock valued at $319,391,000 after buying an additional 444,022 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

Roku Stock Performance

NASDAQ ROKU opened at $56.05 on Monday. Roku, Inc. has a fifty-two week low of $38.26 and a fifty-two week high of $105.85. The business has a 50 day moving average price of $59.12 and a two-hundred day moving average price of $56.41.

Roku (NASDAQ:ROKU – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The company reported ($1.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.44) by $0.06. The firm had revenue of $741.00 million during the quarter, compared to analysts’ expectations of $707.59 million. Roku had a negative return on equity of 24.71% and a negative net margin of 21.23%. Roku’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.19) EPS. As a group, sell-side analysts forecast that Roku, Inc. will post -5.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ROKU. Loop Capital raised their price target on Roku from $56.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. SpectralCast restated a “maintains” rating on shares of Roku in a research report on Thursday, April 27th. Wolfe Research upgraded Roku from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, March 14th. Morgan Stanley lifted their price objective on Roku from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, February 17th. Finally, Robert W. Baird began coverage on Roku in a research report on Tuesday, April 11th. They set a “neutral” rating and a $71.00 price objective for the company. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Roku presently has an average rating of “Hold” and an average price target of $71.04.

Insiders Place Their Bets

In other Roku news, insider Gidon Katz sold 3,694 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $57.50, for a total value of $212,405.00. Following the completion of the transaction, the insider now owns 15,450 shares in the company, valued at approximately $888,375. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Gilbert Fuchsberg sold 3,242 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $61.93, for a total transaction of $200,777.06. Following the sale, the senior vice president now directly owns 35,103 shares of the company’s stock, valued at approximately $2,173,928.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gidon Katz sold 3,694 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $57.50, for a total value of $212,405.00. Following the sale, the insider now directly owns 15,450 shares in the company, valued at $888,375. The disclosure for this sale can be found here. Insiders sold a total of 15,748 shares of company stock worth $958,909 in the last 90 days. 13.79% of the stock is owned by company insiders.

Roku Profile

(Get Rating)

Roku, Inc engages in the provision of a streaming platform for television. It operates through the Platform and Devices segments. The Platform segment includes digital advertising and related services including the demand-side platform and content distribution services such as subscription and transaction revenue shares, media and entertainment promotional spending, the sale of premium subscriptions, and the sale of branded channel buttons on remote controls.

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Want to see what other hedge funds are holding ROKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roku, Inc. (NASDAQ:ROKU – Get Rating).

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