Teachers Retirement System of The State of Kentucky Buys 3,400 Shares of Roku, Inc. (NASDAQ:ROKU)

Teachers Retirement System of The State of Kentucky lifted its stake in Roku, Inc. (NASDAQ:ROKU) by 4.3% during the 1st quarter, Holdings Channel reports. The firm owned 82,121 shares of the company’s stock after acquiring an additional 3,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Roku were worth $5,352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Avantax Advisory Services Inc. boosted its position in shares of Roku by 0.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after purchasing an additional 117 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Roku by 0.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock worth $4,415,000 after purchasing an additional 150 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Roku by 43.5% in the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after purchasing an additional 187 shares during the last quarter. Amalgamated Bank boosted its position in shares of Roku by 1.0% in the 4th quarter. Amalgamated Bank now owns 19,820 shares of the company’s stock worth $1,817,000 after purchasing an additional 191 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its position in shares of Roku by 4.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 4,731 shares of the company’s stock worth $434,000 after purchasing an additional 194 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 3,590 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $233,350.00. Following the transaction, the insider now owns 12,064 shares of the company’s stock, valued at $784,160. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Roku news, insider Charles Collier sold 3,590 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $233,350.00. Following the transaction, the insider now owns 12,064 shares of the company’s stock, valued at $784,160. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Stephen H. Kay sold 3,322 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total value of $189,652.98. Following the transaction, the senior vice president now directly owns 82,036 shares in the company, valued at approximately $4,683,435.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,075 shares of company stock valued at $1,556,005. 13.98% of the stock is owned by insiders.

Roku Stock Down 4.0 %

Shares of NASDAQ:ROKU traded down $2.19 during midday trading on Friday, reaching $53.14. The company had a trading volume of 7,584,568 shares, compared to its average volume of 3,529,971. The business’s 50 day moving average price is $58.43 and its 200 day moving average price is $65.14. The stock has a market cap of $7.66 billion, a PE ratio of -13.32 and a beta of 1.96. Roku, Inc. has a 1-year low of $51.51 and a 1-year high of $108.84.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The business had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. Roku had a negative return on equity of 21.17% and a negative net margin of 13.16%. Roku’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.76) earnings per share. On average, research analysts expect that Roku, Inc. will post -1.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ROKU. Susquehanna reduced their price target on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Rosenblatt Securities reduced their target price on Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Roku in a report on Thursday, June 20th. Bank of America reduced their target price on Roku from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Friday. Finally, Benchmark reiterated a “buy” rating and set a $105.00 target price on shares of Roku in a report on Friday. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $79.71.

About Roku

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.