Roku, Inc. (NASDAQ:ROKU) Stake Decreased by Strs Ohio

Strs Ohio decreased its position in shares of Roku, Inc. (NASDAQ:ROKU) by 24.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,514 shares of the company’s stock after selling 2,063 shares during the quarter. Strs Ohio’s holdings in Roku were worth $597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC raised its holdings in Roku by 200.3% during the third quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock worth $2,903,000 after purchasing an additional 27,431 shares in the last quarter. Nordea Investment Management AB raised its holdings in Roku by 8.2% during the fourth quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after purchasing an additional 551 shares in the last quarter. Barclays PLC raised its holdings in Roku by 13.0% during the third quarter. Barclays PLC now owns 215,766 shares of the company’s stock worth $15,231,000 after purchasing an additional 24,765 shares in the last quarter. Deutsche Bank AG raised its holdings in Roku by 27.6% during the third quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock worth $10,922,000 after purchasing an additional 33,500 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in Roku by 32.4% during the fourth quarter. Vontobel Holding Ltd. now owns 79,771 shares of the company’s stock worth $7,312,000 after purchasing an additional 19,543 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

ROKU has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Roku in a report on Friday. Susquehanna upped their price target on Roku from $100.00 to $110.00 and gave the company a “positive” rating in a report on Friday, February 16th. Wells Fargo & Company upped their price target on Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Friday. Stephens reaffirmed an “overweight” rating and issued a $105.00 price target on shares of Roku in a report on Friday, February 16th. Finally, Pivotal Research dropped their price target on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Roku currently has an average rating of “Hold” and an average price target of $83.90.

Roku Stock Down 10.3 %

Roku stock opened at $56.35 on Friday. The company’s fifty day simple moving average is $62.80 and its 200-day simple moving average is $78.48. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84. The stock has a market cap of $8.09 billion, a P/E ratio of -11.23 and a beta of 1.66.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.29. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The business had revenue of $881.50 million for the quarter, compared to analysts’ expectations of $843.54 million. During the same period in the previous year, the company posted ($1.38) EPS. Roku’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts expect that Roku, Inc. will post -2.12 earnings per share for the current fiscal year.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Charles Collier sold 12,277 shares of Roku stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total value of $798,741.62. Following the completion of the sale, the insider now owns 4,292 shares of the company’s stock, valued at approximately $279,237.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,545 shares of company stock valued at $4,364,035. Insiders own 13.63% of the company’s stock.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. 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 Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.