TD Asset Management Inc Purchases 3,369 Shares of Roku, Inc. (NASDAQ:ROKU)

TD Asset Management Inc grew its position in Roku, Inc. (NASDAQ:ROKUFree Report) by 17.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,142 shares of the company’s stock after purchasing an additional 3,369 shares during the period. TD Asset Management Inc’s holdings in Roku were worth $2,030,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in Roku during the fourth quarter worth about $27,000. Creative Financial Designs Inc. ADV bought a new stake in Roku during the fourth quarter worth about $29,000. Federated Hermes Inc. bought a new stake in Roku during the third quarter worth about $37,000. Headinvest LLC bought a new stake in Roku during the third quarter worth about $42,000. Finally, Spire Wealth Management raised its holdings in Roku by 35.3% during the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley lowered their price target on Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, April 5th. Rosenblatt Securities reissued a “neutral” rating and set a $89.00 price target on shares of Roku in a research report on Friday, April 26th. Susquehanna lowered their price target on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Stephens reissued an “overweight” rating and set a $105.00 price target on shares of Roku in a research report on Friday, February 16th. Finally, Pivotal Research lowered their price target on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $82.50.

View Our Latest Report on Roku

Insider Activity

In other news, Director Jeffrey M. Blackburn purchased 8,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of $63.96 per share, for a total transaction of $511,680.00. Following the purchase, the director now owns 8,000 shares of the company’s stock, valued at $511,680. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Charles Collier sold 7,181 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total value of $409,532.43. Following the completion of the sale, the insider now directly owns 15,654 shares in the company, valued at $892,747.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey M. Blackburn acquired 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $63.96 per share, with a total value of $511,680.00. Following the completion of 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. In the last ninety days, insiders sold 11,124 shares of company stock worth $636,371. Insiders own 13.98% of the company’s stock.

Roku Price Performance

NASDAQ ROKU opened at $57.35 on Friday. The business has a fifty day moving average price of $59.39 and a two-hundred day moving average price of $75.43. Roku, Inc. has a fifty-two week low of $55.01 and a fifty-two week high of $108.84. The stock has a market capitalization of $8.27 billion, a PE ratio of -14.37 and a beta of 1.92.

Roku (NASDAQ:ROKUGet Free Report) last released its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. During the same period in the prior year, the company earned ($1.38) earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts expect that Roku, Inc. will post -1.94 earnings per share for the current year.

Roku 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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