DnB Asset Management AS Buys 837 Shares of Roku, Inc. (NASDAQ:ROKU)

DnB Asset Management AS lifted its stake in shares of Roku, Inc. (NASDAQ:ROKUGet Rating) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,488 shares of the company’s stock after purchasing an additional 837 shares during the period. DnB Asset Management AS’s holdings in Roku were worth $1,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. NuWave Investment Management LLC raised its stake in shares of Roku by 22.7% during the 2nd quarter. NuWave Investment Management LLC now owns 8,986 shares of the company’s stock worth $738,000 after purchasing an additional 1,663 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Roku by 27.9% during the 1st quarter. Amalgamated Bank now owns 13,251 shares of the company’s stock worth $1,660,000 after acquiring an additional 2,889 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Roku during the 1st quarter worth approximately $72,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Roku by 24.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 103,549 shares of the company’s stock worth $12,971,000 after acquiring an additional 20,491 shares during the last quarter. Finally, Verition Fund Management LLC increased its holdings in shares of Roku by 331.8% during the 1st quarter. Verition Fund Management LLC now owns 5,816 shares of the company’s stock worth $729,000 after acquiring an additional 4,469 shares during the last quarter. Institutional investors own 66.86% of the company’s stock.

Roku Stock Down 4.1 %

Shares of ROKU stock opened at $65.63 on Thursday. Roku, Inc. has a twelve month low of $62.00 and a twelve month high of $350.60. The company has a market cap of $9.05 billion, a P/E ratio of -182.29 and a beta of 1.70. The business has a fifty day simple moving average of $76.25 and a 200 day simple moving average of $92.33.

Roku (NASDAQ:ROKUGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.82) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.04). Roku had a negative return on equity of 1.66% and a negative net margin of 1.51%. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $804.64 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. Roku’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Roku, Inc. will post -3.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ROKU. TheStreet lowered Roku from a “c-” rating to a “d+” rating in a report on Monday, June 13th. Moffett Nathanson lowered Roku from a “market perform” rating to an “underperform” rating and set a $62.00 target price on the stock. in a report on Wednesday, August 10th. Evercore ISI decreased their target price on Roku from $185.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, July 7th. DA Davidson decreased their target price on Roku from $170.00 to $130.00 in a report on Friday, July 29th. Finally, Susquehanna lowered Roku from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $200.00 to $70.00 in a report on Friday, July 29th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $138.54.

Roku Company Profile

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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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