Fluent Financial LLC Invests $660,000 in Roku, Inc. (NASDAQ:ROKU)

Fluent Financial LLC bought a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,882 shares of the company's stock, valued at approximately $660,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC raised its holdings in shares of Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after acquiring an additional 4,613,570 shares during the period. Vanguard Group Inc. increased its stake in shares of Roku by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock valued at $910,597,000 after purchasing an additional 185,676 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Roku by 663.9% in the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after acquiring an additional 2,030,036 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Roku by 10.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock valued at $168,734,000 after acquiring an additional 215,841 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Roku by 2.7% in 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 during the period. 86.30% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now directly owns 68,843 shares in the company, valued at $5,163,225. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction 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. This trade represents a 42.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,100 shares of company stock valued at $1,164,215 in the last ninety days. 13.98% of the stock is currently owned by company insiders.

Roku Trading Down 1.6%

ROKU traded down $1.17 on Friday, hitting $71.63. 1,322,807 shares of the company's stock were exchanged, compared to its average volume of 3,770,110. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of -80.46 and a beta of 2.06. The firm has a 50-day moving average price of $65.71 and a 200-day moving average price of $74.43. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.08. The business 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 3.15% and a negative return on equity of 5.34%. The company's quarterly 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 predict that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ROKU. Jefferies Financial Group raised shares of Roku from an "underperform" rating to a "hold" rating and raised their price objective for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. JPMorgan Chase & Co. cut their price target on shares of Roku from $115.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler assumed coverage on Roku in a research report on Thursday, April 17th. They issued a "neutral" rating and a $65.00 target price for the company. Bank of America began coverage on shares of Roku in a research note on Thursday, March 27th. They issued a "buy" rating and a $100.00 target price for the company. Finally, UBS Group reduced their target price on Roku from $90.00 to $72.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $87.93.

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.