7,249 Shares in Roku, Inc. (NASDAQ:ROKU) Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,249 shares of the company's stock, valued at approximately $511,000.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Roku by 1,107.2% in the 4th quarter. Principal Financial Group Inc. now owns 103,032 shares of the company's stock valued at $7,659,000 after buying an additional 94,497 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Roku during the fourth quarter worth about $218,000. Global Retirement Partners LLC raised its stake in Roku by 591.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,311 shares of the company's stock worth $172,000 after purchasing an additional 1,977 shares during the period. Private Advisor Group LLC boosted its holdings in Roku by 29.1% in the 4th quarter. Private Advisor Group LLC now owns 23,679 shares of the company's stock valued at $1,760,000 after purchasing an additional 5,332 shares during the last quarter. Finally, Sigma Planning Corp grew its stake in shares of Roku by 8.2% in the 4th quarter. Sigma Planning Corp now owns 8,935 shares of the company's stock valued at $664,000 after buying an additional 679 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Stock Up 3.4%

Shares of NASDAQ:ROKU opened at $86.50 on Friday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm's 50 day moving average price is $71.52 and its 200 day moving average price is $75.13. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of -118.49 and a beta of 2.09.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The company's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.35) earnings per share. On average, equities analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ROKU shares. Benchmark reaffirmed a "buy" rating and set a $130.00 price target on shares of Roku in a research report on Friday, May 2nd. Piper Sandler started coverage on Roku in a research report on Thursday, April 17th. They issued a "neutral" rating and a $65.00 target price on the stock. Evercore ISI lowered their price target on Roku from $105.00 to $80.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. JMP Securities reissued a "market outperform" rating and set a $95.00 price objective on shares of Roku in a research report on Tuesday, June 17th. Finally, Needham & Company LLC restated a "buy" rating and issued a $88.50 price objective on shares of Roku in a report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roku currently has an average rating of "Moderate Buy" and a consensus target price of $89.93.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 1,500 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $81.32, for a total value of $121,980.00. Following the completion of the transaction, the chief financial officer now owns 80,632 shares in the company, valued at $6,556,994.24. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Matthew C. Banks sold 629 shares of Roku stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $72.98, for a total value of $45,904.42. Following the sale, the chief accounting officer now owns 8,555 shares in the company, valued at $624,343.90. This trade represents a 6.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,227 shares of company stock worth $4,994,244 over the last 90 days. 13.98% of the stock is owned by insiders.

Roku Company 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.

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