3,506 Shares in Roku, Inc. (NASDAQ:ROKU) Purchased by Stonekeep Investments LLC

Stonekeep Investments LLC bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,506 shares of the company’s stock, valued at approximately $261,000.

Several other large investors have also recently made changes to their positions in ROKU. Raelipskie Partnership bought a new position in Roku in the 3rd quarter worth about $32,000. EverSource Wealth Advisors LLC grew its position in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Roku in the third quarter worth approximately $43,000. GS Investments Inc. grew its position in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares during the period. Finally, Cedar Wealth Management LLC purchased a new stake in Roku during the second quarter valued at approximately $48,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Up 1.0 %

Shares of Roku stock opened at $75.89 on Friday. The firm’s 50 day moving average price is $76.74 and its 200-day moving average price is $70.66. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $99.80. The company has a market cap of $11.02 billion, a P/E ratio of -63.24 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. Roku’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the business earned ($2.33) EPS. As a group, equities research analysts forecast that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Macquarie restated an “outperform” rating and issued a $90.00 price target on shares of Roku in a research report on Thursday, October 31st. Wells Fargo & Company increased their target price on shares of Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Finally, Morgan Stanley increased their price objective on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $82.62.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.73, for a total value of $82,730.00. Following the completion of the sale, the chief financial officer now owns 64,555 shares of the company’s stock, valued at $5,340,635.15. This represents a 1.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,095 shares of company stock valued at $5,726,218. 13.98% of the stock is owned by company insiders.

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.