Sheaff Brock Investment Advisors LLC purchased a new position in Roku Inc (NASDAQ:ROKU) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,845 shares of the company’s stock, valued at approximately $377,000.
A number of other hedge funds have also made changes to their positions in ROKU. Vanguard Group Inc. increased its holdings in shares of Roku by 72.7% during the third quarter. Vanguard Group Inc. now owns 4,747,875 shares of the company’s stock valued at $346,737,000 after acquiring an additional 1,998,602 shares in the last quarter. Strs Ohio increased its holdings in Roku by 3,687.9% in the 4th quarter. Strs Ohio now owns 125,000 shares of the company’s stock worth $3,830,000 after buying an additional 121,700 shares in the last quarter. AQR Capital Management LLC bought a new stake in Roku in the 3rd quarter worth about $3,164,000. Norges Bank bought a new stake in Roku in the 4th quarter worth about $14,477,000. Finally, Canada Pension Plan Investment Board bought a new stake in Roku in the 4th quarter worth about $9,228,000. 47.92% of the stock is owned by institutional investors.
Several research firms recently commented on ROKU. Guggenheim reiterated a “neutral” rating and issued a $72.00 price objective (down from $77.00) on shares of Roku in a report on Thursday, April 4th. BidaskClub upgraded Roku from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Zacks Investment Research upgraded Roku from a “hold” rating to a “strong-buy” rating and set a $91.00 price target for the company in a research note on Wednesday, May 15th. DA Davidson boosted their price target on Roku from $92.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wedbush restated a “neutral” rating and set a $55.00 price target on shares of Roku in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $75.04.
NASDAQ ROKU traded up $5.80 during trading hours on Friday, reaching $95.78. The company’s stock had a trading volume of 18,425,302 shares, compared to its average volume of 13,817,536. Roku Inc has a 1 year low of $26.30 and a 1 year high of $95.95. The stock has a market cap of $10.86 billion, a PE ratio of -1,197.25 and a beta of 3.61.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.15. Roku had a negative return on equity of 4.60% and a negative net margin of 1.47%. The business had revenue of $206.70 million for the quarter, compared to the consensus estimate of $189.80 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The company’s revenue was up 51.3% compared to the same quarter last year. As a group, sell-side analysts predict that Roku Inc will post -0.59 earnings per share for the current fiscal year.
In other news, CFO Steve Louden sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $71.00, for a total transaction of $7,100,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alan S. Henricks sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $90.00, for a total value of $540,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 316,320 shares of company stock worth $22,570,616. Corporate insiders own 22.70% of the company’s stock.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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