SG Americas Securities LLC Acquires 88,363 Shares of Roku, Inc. (NASDAQ:ROKU)

SG Americas Securities LLC grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 2,537.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,845 shares of the company's stock after purchasing an additional 88,363 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Roku worth $6,470,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vision Financial Markets LLC acquired a new position in shares of Roku in the fourth quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new position in shares of Roku in the first quarter worth about $35,000. Game Plan Financial Advisors LLC acquired a new position in shares of Roku in the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after buying an additional 491 shares during the period. Finally, Allianz SE acquired a new position in shares of Roku in the fourth quarter worth about $39,000. Institutional investors own 86.30% of the company's stock.

Roku Stock Down 3.0%

ROKU traded down $2.34 during trading on Friday, reaching $74.41. 3,217,346 shares of the company's stock were exchanged, compared to its average volume of 3,826,440. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The business has a 50 day moving average price of $67.45 and a 200 day moving average price of $74.83. The company has a market capitalization of $10.86 billion, a P/E ratio of -83.61 and a beta of 2.09.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. The firm had revenue of $1.02 billion for 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 business's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.35) earnings per share. As a group, research analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling at Roku

In other Roku news, CAO Matthew C. Banks sold 629 shares of Roku 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 completion of the transaction, the chief accounting officer now directly owns 8,555 shares of the company's stock, valued at approximately $624,343.90. This trade represents a 6.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mai Fyfield sold 914 shares of Roku stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.50, for a total value of $71,749.00. Following the transaction, the director now directly owns 4,374 shares of the company's stock, valued at approximately $343,359. The trade was a 17.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,737 shares of company stock valued at $4,987,114. 13.98% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ROKU has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of Roku from $81.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Compass Point assumed coverage on shares of Roku in a report on Sunday, March 23rd. They issued a "buy" rating for the company. Wedbush reduced their price target on shares of Roku from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Loop Capital reduced their price target on shares of Roku from $90.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Finally, Piper Sandler assumed coverage on shares of Roku in a research report on Thursday, April 17th. They issued a "neutral" rating and a $65.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $88.37.

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.