3,810 Shares in Roku, Inc. $ROKU Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Roku, Inc. (NASDAQ:ROKU) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,810 shares of the company’s stock, valued at approximately $361,000.

A number of other institutional investors have also recently made changes to their positions in ROKU. Blue Trust Inc. raised its position in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after acquiring an additional 204 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in Roku in the fourth quarter valued at approximately $26,000. Bayban increased its position in Roku by 1,300.0% during the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the period. WPG Advisers LLC acquired a new stake in Roku during the 4th quarter valued at approximately $31,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Roku during the 4th quarter worth approximately $31,000. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

NASDAQ:ROKU opened at $144.43 on Monday. The company has a fifty day moving average of $132.72 and a 200-day moving average of $112.55. The firm has a market capitalization of $21.29 billion, a P/E ratio of 108.59 and a beta of 2.01. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $148.88.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period last year, the company posted ($0.19) earnings per share. On average, analysts anticipate that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Susquehanna downgraded shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research report on Tuesday, June 16th. Wolfe Research lowered shares of Roku from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 16th. Fox Advisors set a $157.00 price target on shares of Roku in a research report on Friday. Rosenblatt Securities increased their price target on Roku from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Finally, Citizens Jmp lowered Roku from a “market outperform” rating to a “hold” rating in a research report on Tuesday, June 16th. Ten research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $155.12.

Insider Activity at Roku

In other news, insider Mustafa Ozgen sold 10,194 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $144.00, for a total transaction of $1,467,936.00. Following the completion of the sale, the insider owned 19,185 shares in the company, valued at $2,762,640. The trade was a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $122.56, for a total value of $857,920.00. Following the transaction, the chief financial officer directly owned 71,115 shares in the company, valued at $8,715,854.40. The trade was a 8.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 236,499 shares of company stock worth $30,582,963. 13.45% of the stock is currently owned by insiders.

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.