Universal Beteiligungs und Servicegesellschaft mbH Makes New $6.03 Million Investment in Roku, Inc. (NASDAQ:ROKU)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 85,547 shares of Roku, Inc., valued at approximately $6 million, representing 0.06% ownership at the end of the most recent quarter.
• Insiders at Roku, including Director Mai Fyfield and CFO Dan Jedda, have sold shares recently, contributing to a total of 309,079 shares sold, valued at over $28 million in the last quarter.
• Several analysts have upgraded Roku's stock ratings, with price targets now ranging up to $110.00, reflecting positive market sentiment and a "Moderate Buy" consensus.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 85,547 shares of the company's stock, valued at approximately $6,026,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Roku at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Garde Capital Inc. acquired a new position in shares of Roku during the first quarter valued at about $25,000. Golden State Wealth Management LLC raised its holdings in shares of Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after purchasing an additional 247 shares during the period. Princeton Global Asset Management LLC acquired a new position in shares of Roku during the first quarter valued at about $35,000. First PREMIER Bank acquired a new position in shares of Roku during the first quarter valued at about $35,000. Finally, Allianz SE acquired a new position in shares of Roku during the fourth quarter valued at about $39,000. Institutional investors own 86.30% of the company's stock.

Roku Trading Up 3.9%

NASDAQ ROKU traded up $3.53 on Monday, hitting $93.65. 4,243,538 shares of the company's stock traded hands, compared to its average volume of 2,493,853. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The firm's 50-day moving average price is $81.78 and its two-hundred day moving average price is $76.51. The firm has a market capitalization of $13.67 billion, a PE ratio of -128.29 and a beta of 2.12.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $1.01 billion. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.35) EPS. On average, research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the topic of several research reports. Rosenblatt Securities dropped their price objective on shares of Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their target price on shares of Roku from $85.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Wall Street Zen upgraded shares of Roku from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup restated a "neutral" rating and issued a $84.00 target price (up previously from $68.00) on shares of Roku in a report on Wednesday, June 18th. Finally, JMP Securities increased their price objective on shares of Roku from $95.00 to $110.00 and gave the company a "market outperform" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $93.92.

Insider Activity at Roku

In other news, CFO Dan Jedda sold 3,000 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $90.20, for a total transaction of $270,600.00. Following the completion of the sale, the chief financial officer owned 76,132 shares of the company's stock, valued at $6,867,106.40. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $89.64, for a total transaction of $2,241,000.00. Following the sale, the chief executive officer directly owned 11,953 shares of the company's stock, valued at $1,071,466.92. The trade was a 67.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 309,079 shares of company stock worth $28,091,399 in the last quarter. 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.