Orion Portfolio Solutions LLC Invests $498,000 in Roku, Inc. (NASDAQ:ROKU)

Orion Portfolio Solutions LLC bought a new stake in shares of Roku, Inc. (NASDAQ:ROKUFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,300 shares of the company’s stock, valued at approximately $498,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC purchased a new position in Roku during the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Roku during the fourth quarter valued at about $29,000. Federated Hermes Inc. bought a new position in Roku in the third quarter worth about $37,000. Headinvest LLC purchased a new stake in Roku in the third quarter worth about $42,000. Finally, Spire Wealth Management boosted its position in Roku by 35.3% during the 3rd quarter. Spire Wealth Management now owns 621 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

ROKU stock opened at $57.97 on Friday. The company has a market cap of $8.36 billion, a P/E ratio of -14.53 and a beta of 1.92. Roku, Inc. has a 1 year low of $55.01 and a 1 year high of $108.84. The stock’s fifty day moving average price is $59.55 and its 200-day moving average price is $75.82.

Roku (NASDAQ:ROKUGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same period in the previous year, the company posted ($1.38) EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. As a group, analysts expect that Roku, Inc. will post -1.94 earnings per share for the current year.

Insider Activity at Roku

In other Roku news, Director Jeffrey M. Blackburn purchased 8,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $511,680. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Roku news, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total transaction of $409,532.43. Following the sale, the insider now owns 15,654 shares in the company, valued at approximately $892,747.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey M. Blackburn purchased 8,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $63.96 per share, for a total transaction of $511,680.00. Following the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at $511,680. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 11,124 shares of company stock worth $636,371. 13.98% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on ROKU shares. Morgan Stanley lowered their target price on Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, April 5th. Oppenheimer cut shares of Roku from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. Jefferies Financial Group initiated coverage on shares of Roku in a research report on Thursday, May 2nd. They set an “underperform” rating and a $50.00 price target for the company. Pivotal Research cut their price objective on shares of Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Finally, Citigroup lowered their target price on shares of Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $82.50.

Check Out Our Latest Report on ROKU

Roku Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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