Fluent Financial LLC Purchases 8,845 Shares of Roku, Inc. (NASDAQ:ROKU)

Fluent Financial LLC boosted its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 99.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,727 shares of the company's stock after purchasing an additional 8,845 shares during the quarter. Fluent Financial LLC's holdings in Roku were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Entropy Technologies LP raised its holdings in shares of Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock valued at $1,898,000 after buying an additional 18,520 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Roku by 505.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after acquiring an additional 1,082,548 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Roku by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after acquiring an additional 56,820 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Roku by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock worth $73,661,000 after acquiring an additional 34,898 shares in the last quarter. Finally, Achmea Investment Management B.V. lifted its holdings in shares of Roku by 146.4% in the 4th quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock worth $756,000 after acquiring an additional 6,042 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Loop Capital decreased their target price on shares of Roku from $90.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on Roku from $75.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday. Moffett Nathanson upgraded Roku from a "sell" rating to a "neutral" rating and set a $70.00 price objective on the stock in a report on Tuesday, March 4th. Compass Point assumed coverage on Roku in a research note on Sunday, March 23rd. They issued a "buy" rating for the company. Finally, Bank of America assumed coverage on Roku in a report on Thursday, March 27th. They set a "buy" rating and a $100.00 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Roku currently has a consensus rating of "Moderate Buy" and an average price target of $88.37.

Insider Activity

In other news, CAO Matthew C. Banks sold 629 shares of Roku stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $72.98, for a total transaction of $45,904.42. Following the completion of the transaction, the chief accounting officer now directly owns 8,555 shares in the company, valued at approximately $624,343.90. This trade represents a 6.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 4,600 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 value of $345,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,243 shares in the company, valued at approximately $468,225. This represents a 42.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,642 shares of company stock worth $2,370,040. Corporate insiders own 13.98% of the company's stock.

Roku Price Performance

ROKU stock traded up $0.91 during trading on Thursday, reaching $74.60. The company had a trading volume of 3,850,383 shares, compared to its average volume of 3,817,874. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The company has a market cap of $10.89 billion, a P/E ratio of -83.82 and a beta of 2.06. The business has a 50 day moving average of $65.45 and a 200 day moving average of $74.41.

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

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.