Assenagon Asset Management S.A. Takes $2.29 Million Position in Roku, Inc. (NASDAQ:ROKU)

Assenagon Asset Management S.A. purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,543 shares of the company's stock, valued at approximately $2,292,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Roku by 53.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,393 shares of the company's stock valued at $253,000 after purchasing an additional 1,186 shares during the period. Van ECK Associates Corp acquired a new position in shares of Roku in the 4th quarter valued at approximately $675,000. Rhumbline Advisers boosted its stake in Roku by 2.8% in the 4th quarter. Rhumbline Advisers now owns 141,348 shares of the company's stock worth $10,508,000 after purchasing an additional 3,795 shares during the period. Allworth Financial LP increased its holdings in Roku by 52.8% during the 4th quarter. Allworth Financial LP now owns 634 shares of the company's stock worth $50,000 after purchasing an additional 219 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Roku by 1,107.2% in the fourth quarter. Principal Financial Group Inc. now owns 103,032 shares of the company's stock valued at $7,659,000 after purchasing an additional 94,497 shares in the last quarter. 86.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

ROKU has been the topic of a number of recent research reports. Guggenheim reissued a "buy" rating and issued a $100.00 target price on shares of Roku in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Roku from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. Citigroup raised their target price on shares of Roku from $68.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday. UBS Group decreased their price objective on Roku from $90.00 to $72.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Moffett Nathanson upgraded Roku from a "sell" rating to a "neutral" rating and set a $70.00 target price on the stock in a report on Tuesday, March 4th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.93.

Insider Activity

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares of the company's stock, valued at approximately $5,163,225. The trade was a 1.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at approximately $468,225. The trade was a 42.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,737 shares of company stock worth $4,987,114 in the last three months. Company insiders own 13.98% of the company's stock.

Roku Trading Down 0.1%

ROKU traded down $0.08 on Wednesday, reaching $80.55. The stock had a trading volume of 456,709 shares, compared to its average volume of 3,848,218. The firm has a 50-day moving average of $68.33 and a 200-day moving average of $75.01. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of -110.20 and a beta of 2.09.

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, topping the consensus estimate of ($0.27) by $0.08. The company 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.35) EPS. Sell-side analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

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.