6,628 Shares in Roku, Inc. (NASDAQ:ROKU) Bought by Goodman Advisory Group LLC

Goodman Advisory Group LLC bought a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,628 shares of the company's stock, valued at approximately $467,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. boosted its stake in Roku by 505.3% in 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 period. Geode Capital Management LLC boosted its position 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 buying an additional 56,820 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 buying an additional 34,898 shares during the period. Achmea Investment Management B.V. boosted its position in shares of Roku by 146.4% during the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock worth $756,000 after buying an additional 6,042 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Roku during the first quarter worth approximately $511,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Stock Performance

Shares of NASDAQ ROKU traded up $0.44 during trading on Friday, hitting $86.94. The company had a trading volume of 3,629,316 shares, compared to its average volume of 3,864,156. The business's 50-day moving average is $72.09 and its 200 day moving average is $75.12. 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 $12.69 billion, a P/E ratio of -119.09 and a beta of 2.09.

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, beating the consensus estimate of ($0.27) by $0.08. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned ($0.35) EPS. The company's revenue was up 15.8% on a year-over-year basis. On average, research analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at $468,225. The trade was a 80.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Matthew C. Banks sold 629 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now owns 8,555 shares in the company, valued at approximately $624,343.90. This represents a 6.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,227 shares of company stock valued at $4,994,244 in the last three months. 13.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ROKU shares. Redburn Atlantic upgraded Roku from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Monday, April 7th. UBS Group dropped their target price on Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Bank of America boosted their target price on Roku from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Moffett Nathanson raised 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. Finally, Benchmark reissued a "buy" rating and set a $130.00 target price on shares of Roku in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Roku presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.93.

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.