Caprock Group LLC Acquires Shares of 6,724 Roku, Inc. $ROKU

Caprock Group LLC bought a new position in Roku, Inc. (NASDAQ:ROKU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,724 shares of the company’s stock, valued at approximately $649,000.

Other hedge funds have also modified their holdings of the company. West Tower Group LLC increased its holdings in Roku by 128.6% in the second quarter. West Tower Group LLC now owns 8,000 shares of the company’s stock valued at $703,000 after purchasing an additional 4,500 shares during the last quarter. CWM LLC grew its position in shares of Roku by 345.4% during the 3rd quarter. CWM LLC now owns 84,010 shares of the company’s stock worth $8,412,000 after buying an additional 65,150 shares during the period. Accurate Wealth Management LLC bought a new stake in shares of Roku in the 3rd quarter valued at about $1,115,000. AGF Management Ltd. acquired a new stake in shares of Roku in the 3rd quarter valued at approximately $15,023,000. Finally, Monetta Financial Services Inc. raised its position in shares of Roku by 50.0% in the 2nd quarter. Monetta Financial Services Inc. now owns 15,000 shares of the company’s stock valued at $1,318,000 after acquiring an additional 5,000 shares during the period. 86.30% of the stock is owned by institutional investors.

Roku Stock Up 8.6%

Shares of ROKU opened at $90.06 on Tuesday. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66. The stock has a market capitalization of $13.31 billion, a P/E ratio of 158.00 and a beta of 1.99. The company has a 50 day moving average of $103.71 and a 200-day moving average of $98.94.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, February 12th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.28 by $0.25. Roku had a net margin of 1.87% and a return on equity of 3.42%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the company posted ($0.24) earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku reported a clean earnings beat and the stock gapped up on the print — management signaled faster platform growth and the quarter showed a move to meaningful profitability, which is driving buying interest. Roku (NASDAQ:ROKU) Shares Gap Up on Earnings Beat Roku (NASDAQ:ROKU) Trading Up 8.6% on Strong Earnings
• Positive Sentiment: Rosenblatt upgraded Roku, adding institutional endorsement that likely contributed to the intraday strength. Roku (NASDAQ:ROKU) Upgraded at Rosenblatt Securities
• Positive Sentiment: Needham reiterated a “Buy” and a separate note raised Roku’s price target to $137 — analyst upgrades and higher targets amplify conviction in the company’s growth trajectory and support the rally. Roku’s (ROKU) “Buy” Rating Reiterated at Needham & Company LLC Roku (NASDAQ:ROKU) Price Target Raised to $137.00
• Positive Sentiment: Content/UX expansion: Roku added nine free channels (including a major comedy option), which can boost engagement and ad monetization on the platform over time. Your Roku just got 9 more channels to watch for free – including a big one for comedy fans
• Positive Sentiment: Market commentary: The Motley Fool piece frames Roku’s recent pullback as a buying opportunity given the earnings/guide improvement, which can attract retail buyers. Roku Stock Is Down 17% This Year. Time to Buy?
• Neutral Sentiment: Roku is a “trending” ticker on Zacks — increased search and attention can amplify intraday moves but doesn’t by itself change fundamentals. Roku, Inc. (ROKU) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Retail promotions: MSNs noting steep discounts on Roku Streaming Sticks can lift device sales and platform reach (positive long-term) but may compress hardware margins in the near term. Price drop: Under $16 for Roku Streaming Stick HD Hurry, under $25 for Roku Streaming Stick Plus 4K HDR

Analysts Set New Price Targets

ROKU has been the subject of a number of analyst reports. Benchmark restated a “buy” rating on shares of Roku in a report on Wednesday, February 4th. Jefferies Financial Group upgraded shares of Roku from a “hold” rating to a “buy” rating and upped their price objective for the company from $100.00 to $135.00 in a research report on Thursday, December 11th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Roku in a report on Friday. Wells Fargo & Company boosted their target price on Roku from $116.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Evercore reaffirmed a “positive” rating on shares of Roku in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.04.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 729 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $109.04, for a total value of $79,490.16. Following the completion of the transaction, the chief accounting officer directly owned 5,825 shares of the company’s stock, valued at approximately $635,158. This trade represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 50,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $90.79, for a total transaction of $4,539,500.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 216,710 shares of company stock valued at $22,494,968 in the last ninety days. Insiders own 13.98% of the company’s stock.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.