Focused Wealth Management Inc Sells 5,042 Shares of Roku, Inc. (NASDAQ:ROKU)

Focused Wealth Management Inc lessened its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 46.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,853 shares of the company's stock after selling 5,042 shares during the quarter. Focused Wealth Management Inc's holdings in Roku were worth $412,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its holdings in Roku by 505.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after buying an additional 1,082,548 shares during the last quarter. Geode Capital Management LLC raised its holdings in Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after purchasing an additional 56,820 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in Roku during the 1st quarter worth approximately $511,000. Achmea Investment Management B.V. raised its holdings in Roku by 146.4% during the 4th quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock worth $756,000 after purchasing an additional 6,042 shares during the last quarter. Finally, J. Goldman & Co LP raised its holdings in Roku by 973.1% during the 4th quarter. J. Goldman & Co LP now owns 354,326 shares of the company's stock worth $26,341,000 after purchasing an additional 321,307 shares during the last quarter. Institutional investors own 86.30% of the company's stock.

Analysts Set New Price Targets

ROKU has been the subject of several analyst reports. Piper Sandler raised their price target on shares of Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a report on Thursday. Needham & Company LLC raised their price target on shares of Roku from $88.50 to $100.00 and gave the stock a "buy" rating in a report on Wednesday. UBS Group lowered their price target on shares of Roku from $90.00 to $72.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Bank of America raised their price target on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Compass Point initiated coverage on shares of Roku in a report on Sunday, March 23rd. They set a "buy" rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roku presently has a consensus rating of "Moderate Buy" and an average target price of $92.67.

Insider Buying and Selling at Roku

In other Roku news, CAO Matthew C. Banks sold 629 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $72.98, for a total transaction of $45,904.42. Following the transaction, the chief accounting officer directly owned 8,555 shares in the company, valued at approximately $624,343.90. This trade represents a 6.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $75.00, for a total value of $538,575.00. Following the transaction, the insider owned 10,970 shares in the company, valued at approximately $822,750. This trade represents a 39.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,520 shares of company stock worth $7,357,094. 13.98% of the stock is currently owned by insiders.

Roku Trading Down 1.4%

Shares of NASDAQ:ROKU opened at $88.99 on Friday. The stock's fifty day simple moving average is $76.79 and its two-hundred day simple moving average is $75.66. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The stock has a market cap of $12.99 billion, a PE ratio of -121.90 and a beta of 2.12.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same period last year, the business earned ($0.35) EPS. The business's revenue was up 15.8% on a year-over-year basis. On average, sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share 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.

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