Guggenheim Capital LLC Buys 7,518 Shares of Roku, Inc. (NASDAQ:ROKU)

Guggenheim Capital LLC raised its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 108.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,475 shares of the company's stock after buying an additional 7,518 shares during the period. Guggenheim Capital LLC's holdings in Roku were worth $1,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in Roku in the 4th quarter valued at approximately $30,000. Game Plan Financial Advisors LLC bought a new position in Roku in the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd boosted its stake in Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after purchasing an additional 491 shares in the last quarter. Finally, Allianz SE acquired a new position in shares of Roku during the 4th quarter valued at $39,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Performance

Shares of ROKU traded up $1.06 during trading hours on Friday, reaching $65.71. 2,970,038 shares of the company traded hands, compared to its average volume of 3,773,588. 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 $9.59 billion, a P/E ratio of -73.83 and a beta of 2.17. The stock's fifty day moving average is $70.99 and its 200 day moving average is $75.55.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. On average, equities research analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ROKU shares. FBN Securities started coverage on Roku in a research note on Friday, March 28th. They set an "outperform" rating and a $93.00 target price for the company. Benchmark reiterated a "buy" rating and set a $130.00 price objective on shares of Roku in a research report on Monday, April 21st. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Roku in a research note on Monday, February 10th. Pivotal Research raised shares of Roku from a "hold" rating to a "buy" rating and upped their price objective for the company from $65.00 to $125.00 in a research note on Friday, February 14th. Finally, Piper Sandler started coverage on shares of Roku in a research report on Thursday, April 17th. They issued a "neutral" rating and a $65.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Roku has a consensus rating of "Moderate Buy" and an average price target of $91.50.

Insider Activity at Roku

In other news, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the completion of the sale, the insider now owns 7,380 shares of the company's stock, valued at approximately $577,485. This trade represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the transaction, the chief financial officer now directly owns 68,843 shares in the company, valued at $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,905 shares of company stock valued at $6,560,876 over the last quarter. 13.98% of the stock is owned by company insiders.

About Roku

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.