Andra AP fonden Buys Shares of 20,827 Roku, Inc. $ROKU

Andra AP fonden purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 20,827 shares of the company’s stock, valued at approximately $2,085,000.

Several other large investors also recently modified their holdings of ROKU. Westfuller Advisors LLC purchased a new stake in Roku during the third quarter valued at $30,000. Root Financial Partners LLC bought a new stake in shares of Roku during the 3rd quarter valued at about $33,000. Rakuten Securities Inc. increased its position in shares of Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Roku by 20,450.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock worth $41,000 after purchasing an additional 409 shares during the period. Finally, True Wealth Design LLC boosted its holdings in shares of Roku by 859.7% in the second quarter. True Wealth Design LLC now owns 595 shares of the company’s stock worth $52,000 after buying an additional 533 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROKU. Evercore reiterated an “outperform” rating and issued a $150.00 price target on shares of Roku in a research report on Friday, February 13th. Wall Street Zen raised Roku from a “hold” rating to a “buy” rating in a report on Sunday, December 7th. Arete Research set a $132.00 price target on Roku and gave the company a “buy” rating in a report on Monday, January 5th. Pivotal Research upped their price target on Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, February 16th. Finally, Moffett Nathanson reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Roku in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Roku has an average rating of “Moderate Buy” and an average target price of $123.96.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 75,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $109.61, for a total transaction of $8,220,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $107.56, for a total value of $322,680.00. Following the completion of the sale, the chief financial officer directly owned 87,267 shares in the company, valued at $9,386,438.52. This trade represents a 3.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 219,710 shares of company stock valued at $22,761,608. Insiders own 13.98% of the company’s stock.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku rolled out 17 new free channels on The Roku Channel, expanding content selection that can boost viewer engagement and ad-revenue potential for the platform. Roku quietly rolls out a major free upgrade for users
• Positive Sentiment: Analyst/investor coverage picked up — Zacks published pieces highlighting increased investor attention and listing Roku among must-watch streaming stocks — which can attract flows and re-rate sentiment after Roku’s recent earnings beat. Roku, Inc. (ROKU) is Attracting Investor Attention
• Positive Sentiment: New original/exclusive programming (example: The Reunion: Laguna Beach premiere on The Roku Channel) supports content-led engagement and subscription/ads upside on the platform. ‘The Reunion: Laguna Beach’ Gets Premiere Date On Roku Channel
• Neutral Sentiment: Retail discounting on Roku hardware (Streambar SE, Streaming Stick 4K, Streaming Stick Plus and Roku TV deals) is widespread — this likely boosts unit sales/market share but may compress hardware margins and lower ASPs. Coverage of these price cuts appeared across Gizmodo, Kotaku, Mashable and MSN. Roku’s 2-in-1 Soundbar and Streaming Combo Hits a New Low Roku Streambar SE Falls Below Its Black Friday Price The Roku Streaming Stick 4K is back on sale at Amazon
• Negative Sentiment: A Pocket-lint piece flags a limitation with the Roku Ultra’s Ethernet port that may surprise buyers — negative product PR can dent consumer confidence and complicate hardware upsell conversations. Your Roku Ultra’s Ethernet port doesn’t do what you think

Roku Trading Up 5.3%

NASDAQ:ROKU opened at $98.41 on Friday. The stock has a 50-day moving average price of $100.54 and a 200 day moving average price of $99.27. The stock has a market capitalization of $14.51 billion, a P/E ratio of 172.65 and a beta of 1.99. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $116.66.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.25. Roku had a return on equity of 3.40% and a net margin of 1.87%.The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the company posted ($0.24) EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.