Siemens Fonds Invest GmbH Invests $1.68 Million in Roku, Inc. (NASDAQ:ROKU)

Siemens Fonds Invest GmbH acquired a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 22,608 shares of the company's stock, valued at approximately $1,681,000.

Other hedge funds have also added to or reduced their stakes in the company. Fluent Financial LLC bought a new position in shares of Roku in the 4th quarter valued at $660,000. United Advisor Group LLC grew its position in Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after purchasing an additional 130 shares during the period. Empirical Capital Management LLC grew its holdings in Roku by 0.5% during the fourth quarter. Empirical Capital Management LLC now owns 284,500 shares of the company's stock worth $21,150,000 after buying an additional 1,300 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Roku during the 4th quarter valued at $41,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Roku by 7.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,191 shares of the company's stock worth $39,191,000 after acquiring an additional 37,945 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Trading Down 1.7%

ROKU stock traded down $1.23 on Friday, hitting $71.57. 9,621,130 shares of the company's stock traded hands, compared to its average volume of 3,811,332. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The stock has a fifty day moving average of $65.51 and a 200-day moving average of $74.39. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of -80.42 and a beta of 2.06.

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

Analyst Ratings Changes

ROKU has been the topic of several research reports. Rosenblatt Securities lowered their price objective on shares of Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. FBN Securities started coverage on Roku in a report on Friday, March 28th. They issued an "outperform" rating and a $93.00 target price on the stock. Guggenheim reiterated a "buy" rating and issued a $100.00 price target on shares of Roku in a research note on Friday, May 2nd. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 price objective for the company in a research report on Tuesday, March 4th. Finally, Compass Point began coverage on Roku in a research note on Sunday, March 23rd. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roku presently has a consensus rating of "Moderate Buy" and an average price target of $87.93.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 4,600 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the sale, the chief executive officer now owns 6,243 shares of the company's stock, valued at $468,225. This trade represents a 42.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the completion of the sale, the chief accounting officer now directly owns 7,256 shares of the company's stock, valued at approximately $583,092.16. This represents a 20.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,100 shares of company stock worth $3,039,215 over the last ninety days. 13.98% of the stock is currently owned by company 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.