Stephens Inc. AR Acquires 208 Shares of Roku, Inc. (NASDAQ:ROKU)

Stephens Inc. AR lifted its holdings in Roku, Inc. (NASDAQ:ROKUGet Rating) by 8.7% during the first quarter, HoldingsChannel.com reports. The firm owned 2,589 shares of the company’s stock after purchasing an additional 208 shares during the period. Stephens Inc. AR’s holdings in Roku were worth $324,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Roku by 131.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 995 shares of the company’s stock worth $126,000 after purchasing an additional 565 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Roku by 347.4% in the first quarter. Nisa Investment Advisors LLC now owns 7,650 shares of the company’s stock worth $958,000 after purchasing an additional 5,940 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in shares of Roku by 655.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 6,040 shares of the company’s stock worth $1,378,000 after purchasing an additional 5,240 shares in the last quarter. abrdn plc lifted its position in shares of Roku by 3.5% in the fourth quarter. abrdn plc now owns 13,798 shares of the company’s stock worth $3,149,000 after purchasing an additional 470 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Roku by 19.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,514 shares of the company’s stock worth $6,963,000 after purchasing an additional 4,943 shares in the last quarter. Institutional investors own 68.77% of the company’s stock.

Roku Stock Up 2.9 %

Shares of Roku stock opened at $81.28 on Friday. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of -225.78 and a beta of 1.73. Roku, Inc. has a 12-month low of $62.00 and a 12-month high of $412.00. The firm’s 50-day moving average price is $87.22 and its two-hundred day moving average price is $110.15.

Roku (NASDAQ:ROKUGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.06). Roku had a negative return on equity of 1.66% and a negative net margin of 1.51%. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $804.64 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. On average, sell-side analysts expect that Roku, Inc. will post -3.15 earnings per share for the current year.

Insider Activity

In other news, SVP Stephen H. Kay sold 668 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $93.41, for a total value of $62,397.88. Following the sale, the senior vice president now directly owns 78,549 shares in the company, valued at approximately $7,337,262.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Mustafa Ozgen sold 4,973 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $100.00, for a total value of $497,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen H. Kay sold 668 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $93.41, for a total transaction of $62,397.88. Following the completion of the transaction, the senior vice president now owns 78,549 shares of the company’s stock, valued at approximately $7,337,262.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,598 shares of company stock worth $742,501. Corporate insiders own 15.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ROKU shares. Rosenblatt Securities started coverage on shares of Roku in a research report on Tuesday, April 19th. They set a “buy” rating and a $188.00 price target on the stock. Citigroup dropped their price target on shares of Roku from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday. Susquehanna Bancshares lowered shares of Roku to a “neutral” rating and dropped their price target for the stock from $200.00 to $70.00 in a research report on Friday, July 29th. Pivotal Research dropped their price target on shares of Roku from $80.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, July 29th. Finally, Raymond James started coverage on shares of Roku in a research report on Tuesday, July 26th. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $141.15.

About Roku

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Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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