Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Fluent Financial LLC

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

Several other hedge funds and other institutional investors have also modified their holdings of the company. Merit Financial Group LLC increased its holdings in Roku by 17.2% during the 1st quarter. Merit Financial Group LLC now owns 10,111 shares of the company's stock valued at $712,000 after purchasing an additional 1,487 shares in the last quarter. O Keefe Stevens Advisory Inc. lifted its stake in Roku by 27.5% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 4,965 shares of the company's stock valued at $350,000 after acquiring an additional 1,072 shares in the last quarter. Parallel Advisors LLC boosted its position in Roku by 140.0% during the first quarter. Parallel Advisors LLC now owns 2,141 shares of the company's stock valued at $151,000 after purchasing an additional 1,249 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Roku by 14,242.3% in the 1st quarter. GAMMA Investing LLC now owns 67,552 shares of the company's stock valued at $4,758,000 after purchasing an additional 67,081 shares during the period. Finally, Versant Capital Management Inc raised its stake in Roku by 283.2% in the 1st quarter. Versant Capital Management Inc now owns 3,644 shares of the company's stock valued at $257,000 after acquiring an additional 2,693 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Pivotal Research decreased their target price on shares of Roku from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Evercore ISI reduced their price objective on shares of Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. FBN Securities started coverage on Roku in a report on Friday, March 28th. They set an "outperform" rating and a $93.00 price target on the stock. Loop Capital cut their price target on Roku from $90.00 to $80.00 and set a "hold" rating on the stock in a report on Friday, May 2nd. Finally, Guggenheim restated a "buy" rating and issued a $100.00 target price on shares of Roku in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Roku currently has a consensus rating of "Moderate Buy" and an average target price of $88.37.

Insider Activity

In other news, CAO Matthew C. Banks sold 629 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $72.98, for a total value of $45,904.42. Following the transaction, the chief accounting officer now owns 8,555 shares of the company's stock, valued at $624,343.90. This represents a 6.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charles Collier sold 7,181 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $75.00, for a total transaction of $538,575.00. Following the completion of the transaction, the insider now directly owns 10,970 shares in the company, valued at $822,750. The trade was a 39.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,823 shares of company stock worth $2,908,615 in the last ninety days. Company insiders own 13.98% of the company's stock.

Roku Trading Up 5.3%

Shares of ROKU stock traded up $3.95 during trading hours on Friday, reaching $78.55. 5,681,412 shares of the company's stock were exchanged, compared to its average volume of 3,834,610. The stock's 50 day moving average is $65.61 and its 200-day moving average is $74.52. 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 cap of $11.46 billion, a price-to-earnings ratio of -88.26 and a beta of 2.09.

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

About Roku

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.