10,033 Shares in Roku, Inc. $ROKU Acquired by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital SGR S.p.A. opened a new position in Roku, buying 10,033 shares worth about $1.094 million in the fourth quarter.
• Roku has continued to attract institutional interest, with several hedge funds and asset managers increasing or initiating stakes; institutions now own 86.30% of the company.
• The company recently posted a strong quarter, beating earnings and revenue estimates with $0.57 EPS on $1.25 billion in revenue, while analysts remain generally upbeat with a Moderate Buy consensus and an average price target of $144.46.

Eurizon Capital SGR S.p.A. acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,033 shares of the company's stock, valued at approximately $1,094,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ROKU. Empowered Funds LLC boosted its stake in Roku by 18.6% during the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company's stock worth $232,000 after acquiring an additional 515 shares during the last quarter. Focus Partners Wealth bought a new position in Roku during the 1st quarter worth approximately $229,000. EverSource Wealth Advisors LLC boosted its stake in Roku by 145.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company's stock worth $123,000 after acquiring an additional 826 shares during the last quarter. First Trust Advisors LP boosted its stake in Roku by 231.0% during the 2nd quarter. First Trust Advisors LP now owns 70,786 shares of the company's stock worth $6,221,000 after acquiring an additional 49,399 shares during the last quarter. Finally, Brown Advisory Inc. bought a new position in Roku during the 2nd quarter worth approximately $326,000. Institutional investors own 86.30% of the company's stock.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Several articles highlighted bullish Wall Street views on Roku, with the average brokerage recommendation pointing to a Buy-style stance. While these pieces note that analyst ratings can be overly optimistic, they may still support sentiment around the stock. Is It Worth Investing in Roku (ROKU) Based on Wall Street's Bullish Views?
• Positive Sentiment: Roku continued rolling out platform content, including more than 20 new free live TV channels and a dedicated Soccer Zone portal ahead of the FIFA World Cup. These updates could help drive engagement, ad inventory, and user growth. Roku just added over 20 new free live TV channels
• Positive Sentiment: Roku also announced its CFO and COO Dan Jedda will speak at Evercore ISI’s Global TMT Conference, which may draw investor attention to management’s outlook and near-term strategy. Roku CFO to Participate in Fireside Chat Hosted by Evercore ISI
• Neutral Sentiment: One commentary argued that another tech stock may be a better long-term value than Roku, but the piece also noted Roku’s strong recent earnings beat and a sharp one-year rally. This is more of a valuation comparison than a direct negative on the business. Forget Roku: This Stock Is a Far Better Value for Long-Term Investors
• Neutral Sentiment: Other recent coverage focused on Roku’s stock being a favorite of Cathie Wood and still well below prior highs. That reinforces the turnaround narrative, but it does not add new company-specific catalysts. Cathie Wood favorite tech stock still down 73% from all-time highs

Roku Stock Performance

Shares of ROKU opened at $127.12 on Wednesday. Roku, Inc. has a twelve month low of $71.88 and a twelve month high of $133.46. The firm's 50 day moving average price is $113.01 and its two-hundred day moving average price is $104.54. The firm has a market cap of $18.74 billion, a P/E ratio of 95.58 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. The business's revenue was up 22.4% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Moffett Nathanson reissued a "neutral" rating and set a $100.00 price objective on shares of Roku in a research note on Friday, February 13th. Wells Fargo & Company lifted their price objective on shares of Roku from $137.00 to $167.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Susquehanna lifted their price objective on shares of Roku from $130.00 to $160.00 and gave the stock a "positive" rating in a research note on Friday, May 1st. Morgan Stanley reissued an "overweight" rating and set a $150.00 price objective on shares of Roku in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $160.00 price target on shares of Roku in a research note on Monday, March 2nd. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Roku presently has an average rating of "Moderate Buy" and a consensus price target of $144.46.

Insider Activity at Roku

In other news, insider Charles Collier sold 205,821 shares of the business's stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total value of $21,611,205.00. Following the sale, the insider owned 11,131 shares of the company's stock, valued at $1,168,755. The trade was a 94.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the business's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 681,358 shares of company stock worth $75,642,627. Corporate insiders own 13.45% 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.

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