Roku, Inc. (NASDAQ:ROKU) Shares Acquired by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. boosted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 39.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,893 shares of the company’s stock after buying an additional 1,102 shares during the period. O Keefe Stevens Advisory Inc.’s holdings in Roku were worth $289,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ROKU. Raelipskie Partnership purchased a new position in Roku in the third quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its position in shares of Roku by 123.4% during 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 acquired a new stake in Roku in the 3rd quarter valued at approximately $43,000. GS Investments Inc. raised its position in Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares during the period. Finally, Cedar Wealth Management LLC purchased a new position in shares of Roku during the second quarter worth $48,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ROKU shares. UBS Group started coverage on Roku in a research note on Friday, November 22nd. They set a “neutral” rating and a $73.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Bank of America raised their price target on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Loop Capital upped their price objective on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Piper Sandler boosted their target price on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $82.62.

Roku Price Performance

NASDAQ ROKU opened at $75.89 on Friday. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $99.80. The business’s 50-day moving average price is $76.74 and its 200 day moving average price is $70.66.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company posted ($2.33) EPS. Roku’s revenue was up 16.5% compared to the same quarter last year. On average, equities analysts forecast that Roku, Inc. will post -1.09 EPS for the current year.

Insiders Place Their Bets

In other news, insider Charles Collier sold 10,771 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the transaction, the insider now owns 3,790 shares in the company, valued at $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the sale, the chief accounting officer now directly owns 7,264 shares in the company, valued at approximately $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,095 shares of company stock worth $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.