Federated Hermes Inc. Boosts Holdings in Roku, Inc. (NASDAQ:ROKU)

Federated Hermes Inc. increased its stake in Roku, Inc. (NASDAQ:ROKU) by 152.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,327 shares of the company’s stock after acquiring an additional 801 shares during the period. Federated Hermes Inc.’s holdings in Roku were worth $122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Gotham Asset Management LLC lifted its stake in shares of Roku by 200.3% in the 3rd quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock valued at $2,903,000 after purchasing an additional 27,431 shares during the period. Nordea Investment Management AB grew its position in shares of Roku by 8.2% in the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after buying an additional 551 shares during the period. Barclays PLC increased its stake in shares of Roku by 13.0% in the 3rd quarter. Barclays PLC now owns 215,766 shares of the company’s stock worth $15,231,000 after acquiring an additional 24,765 shares in the last quarter. Deutsche Bank AG lifted its position in Roku by 27.6% during the 3rd quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock valued at $10,922,000 after acquiring an additional 33,500 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in Roku by 32.4% during the fourth quarter. Vontobel Holding Ltd. now owns 79,771 shares of the company’s stock worth $7,312,000 after acquiring an additional 19,543 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the sale, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Roku news, insider Charles Collier sold 12,277 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total transaction of $798,741.62. Following the completion of the transaction, the insider now owns 4,292 shares in the company, valued at approximately $279,237.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the sale, the chief executive officer now directly owns 141,221 shares in the company, valued at $13,930,039.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,751 shares of company stock valued at $4,375,835. 13.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ROKU. Wedbush decreased their target price on shares of Roku from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Seaport Res Ptn upgraded Roku from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Wells Fargo & Company increased their price objective on Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Jefferies Financial Group began coverage on Roku in a research report on Thursday, May 2nd. They issued an “underperform” rating and a $50.00 target price for the company. Finally, Stephens reaffirmed an “overweight” rating and set a $105.00 price target on shares of Roku in a report on Friday, February 16th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Roku presently has a consensus rating of “Hold” and an average target price of $82.50.

Roku Price Performance

ROKU opened at $60.33 on Tuesday. Roku, Inc. has a 1-year low of $51.62 and a 1-year high of $108.84. The company has a 50 day simple moving average of $61.99 and a two-hundred day simple moving average of $78.29. The firm has a market cap of $8.70 billion, a P/E ratio of -15.12 and a beta of 1.69.

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

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.