Jefferies Financial Group Inc. Takes $1.35 Million Position in Roku, Inc. $ROKU

Key Points

• Jefferies Financial Group disclosed a new fourth-quarter stake in Roku, buying 12,400 shares valued at about $1.35 million.
• Institutional ownership remains very high, with hedge funds and other investors holding 86.3% of Roku shares, while several firms also increased their positions during the period.
• Analysts remain broadly positive: Roku has a Moderate Buy consensus rating, and recent reports included price targets as high as $170 amid optimism over Roku’s redesigned TV home screen and strong recent earnings.

Jefferies Financial Group Inc. bought a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,400 shares of the company's stock, valued at approximately $1,345,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Apollon Wealth Management LLC raised its stake in shares of Roku by 1.5% in the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company's stock valued at $700,000 after acquiring an additional 96 shares during the period. Cornerstone Wealth Management LLC raised its stake in shares of Roku by 3.8% in the third quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company's stock valued at $273,000 after acquiring an additional 100 shares during the period. Thoroughbred Financial Services LLC raised its stake in shares of Roku by 1.0% in the third quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company's stock valued at $995,000 after acquiring an additional 100 shares during the period. Swiss Life Asset Management Ltd raised its stake in shares of Roku by 2.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company's stock valued at $648,000 after acquiring an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Roku by 3.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company's stock valued at $398,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

Analysts Set New Price Targets

ROKU has been the topic of several recent analyst reports. Evercore reissued an "outperform" rating and issued a $150.00 target price on shares of Roku in a research note on Friday, February 13th. Rosenblatt Securities increased their target price on shares of Roku from $118.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Weiss Ratings reissued a "hold (c-)" rating on shares of Roku in a research note on Friday, May 15th. Stifel Nicolaus set a $160.00 price target on shares of Roku in a report on Monday, March 2nd. Finally, Citigroup restated a "market outperform" rating on shares of Roku in a report on Thursday. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Roku has a consensus rating of "Moderate Buy" and a consensus price target of $144.46.

Insider Activity at Roku

In other Roku news, insider Gilbert Fuchsberg sold 9,593 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $125.52, for a total transaction of $1,204,113.36. Following the completion of the transaction, the insider directly owned 50,863 shares of the company's stock, valued at approximately $6,384,323.76. This trade represents a 15.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 692,038 shares of company stock valued at $76,667,575. Company insiders own 13.45% of the company's stock.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating on Roku and set a $170 price target, implying meaningful upside from current levels. Benzinga article
• Positive Sentiment: Roku unveiled a major redesign of its TV home screen, calling it a smarter, more dynamic experience with better recommendations and faster access to content. That could improve engagement and help the company deepen its reach across more than 100 million streaming households. Yahoo Finance article
• Positive Sentiment: Other coverage highlighted Roku’s biggest home screen refresh in over a decade, reinforcing the view that the platform is still evolving and competing effectively in streaming. Deadline article
• Positive Sentiment: Retail and product-focused stories about Roku devices being discounted on Amazon suggest continued consumer interest in Roku-branded hardware, which can support ecosystem adoption. Kotaku article
• Neutral Sentiment: A note on short interest showed no meaningful change in the data provided, so it does not appear to be a major driver for the stock today.
• Neutral Sentiment: Commentary about Roku’s success not depending on being “cool” is mostly qualitative and unlikely to move the stock by itself. The Verge article

Roku Price Performance

Shares of Roku stock opened at $131.09 on Friday. Roku, Inc. has a 1 year low of $71.20 and a 1 year high of $132.80. The firm's 50-day moving average is $111.65 and its two-hundred day moving average is $104.21. The stock has a market cap of $19.33 billion, a price-to-earnings ratio of 98.56 and a beta of 2.04.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.34 by $0.23. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company's quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.19) earnings per share. On average, equities analysts expect that Roku, Inc. will post 2.41 earnings per share for the current year.

Roku Profile

Roku, Inc NASDAQ: ROKU is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company's platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku's product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.

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