181,903 Shares in Roku, Inc. (NASDAQ:ROKU) Bought by Beck Bode LLC

Beck Bode LLC acquired a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 181,903 shares of the company's stock, valued at approximately $13,523,000. Roku comprises about 2.5% of Beck Bode LLC's investment portfolio, making the stock its 22nd largest holding. Beck Bode LLC owned about 0.13% of Roku at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ROKU. Franklin Resources Inc. grew its position in shares of Roku by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 82,170 shares of the company's stock valued at $6,275,000 after buying an additional 10,416 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Roku during the 4th quarter worth approximately $350,000. Oak Thistle LLC bought a new stake in Roku in the fourth quarter valued at $823,000. Avanza Fonder AB acquired a new position in Roku during the 4th quarter worth approximately $3,499,000. Finally, O Keefe Stevens Advisory Inc. increased its stake in Roku by 39.5% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,893 shares of the company's stock valued at $289,000 after purchasing an additional 1,102 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Stock Down 0.2 %

Shares of ROKU stock traded down $0.13 during trading on Tuesday, hitting $60.29. The company had a trading volume of 3,552,459 shares, compared to its average volume of 3,760,052. The stock's 50-day moving average is $68.16 and its two-hundred day moving average is $75.01. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of -67.74 and a beta of 2.06. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.08. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter last year, the company posted ($0.35) EPS. The business's quarterly revenue was up 15.8% on a year-over-year basis. On average, research analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ROKU. Needham & Company LLC reiterated a "buy" rating and set a $88.50 price target on shares of Roku in a report on Friday. Piper Sandler started coverage on Roku in a research note on Thursday, April 17th. They issued a "neutral" rating and a $65.00 target price on the stock. Bank of America began coverage on Roku in a report on Thursday, March 27th. They set a "buy" rating and a $100.00 price target on the stock. Loop Capital lowered their target price on Roku from $90.00 to $80.00 and set a "hold" rating on the stock in a research note on Friday. Finally, Rosenblatt Securities reduced their price target on shares of Roku from $100.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.93.

Insider Transactions at Roku

In other Roku news, insider Charles Collier sold 7,181 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the transaction, the insider now directly owns 7,380 shares in the company, valued at $577,485. This trade represents a 49.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew C. Banks sold 1,906 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the completion of the sale, the chief accounting officer now owns 7,256 shares of the company's stock, valued at approximately $583,092.16. The trade was a 20.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,111 shares of company stock worth $6,575,362. 13.98% of the stock is currently owned by corporate insiders.

Roku 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.