Roku, Inc. (NASDAQ:ROKU) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in Roku, Inc. (NASDAQ:ROKU) by 2.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,089 shares of the company’s stock after selling 667 shares during the period. Commonwealth Equity Services LLC’s holdings in Roku were worth $2,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. increased its stake in Roku by 3.3% during the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock worth $247,000 after purchasing an additional 113 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Roku by 0.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after buying an additional 117 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Roku by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock worth $4,415,000 after buying an additional 150 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Roku by 43.5% during the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after buying an additional 187 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Roku by 1.0% during the fourth quarter. Amalgamated Bank now owns 19,820 shares of the company’s stock worth $1,817,000 after buying an additional 191 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROKU has been the subject of a number of research analyst reports. Citigroup lowered their price target on Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Jefferies Financial Group initiated coverage on Roku in a report on Thursday, May 2nd. They issued an “underperform” rating and a $50.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $75.00 price objective on shares of Roku in a report on Thursday, June 27th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Roku in a research note on Thursday, June 20th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $89.00 price target on shares of Roku in a research note on Friday, April 26th. Four investment 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $82.50.

Roku Trading Down 0.1 %

NASDAQ ROKU traded down $0.05 on Friday, reaching $62.24. The stock had a trading volume of 1,202,446 shares, compared to its average volume of 4,921,718. The business has a 50 day moving average price of $58.01 and a 200 day moving average price of $69.72. Roku, Inc. has a 1 year low of $51.51 and a 1 year high of $108.84. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of -15.72 and a beta of 1.96.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The firm had revenue of $881.50 million for the quarter, compared to the consensus estimate of $843.54 million. During the same quarter in the previous year, the company posted ($1.38) earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, analysts anticipate that Roku, Inc. will post -1.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roku news, insider Charles Collier sold 7,181 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total value of $409,532.43. Following the completion of the sale, the insider now owns 15,654 shares of the company’s stock, valued at $892,747.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Stephen H. Kay sold 12,124 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total value of $673,973.16. Following the sale, the senior vice president now directly owns 91,905 shares in the company, valued at approximately $5,108,998.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles Collier sold 7,181 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total value of $409,532.43. Following the sale, the insider now owns 15,654 shares in the company, valued at $892,747.62. The disclosure for this sale can be found here. Insiders sold 23,691 shares of company stock valued at $1,334,455 over the last quarter. Insiders own 13.98% of the company’s stock.

Roku 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.