J. Goldman & Co LP Buys 321,307 Shares of Roku, Inc. (NASDAQ:ROKU)

J. Goldman & Co LP increased its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 973.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 354,326 shares of the company's stock after purchasing an additional 321,307 shares during the quarter. J. Goldman & Co LP owned about 0.24% of Roku worth $26,341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ROKU. Jacobs Levy Equity Management Inc. increased its stake in shares of 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 period. Graham Capital Management L.P. increased its position in Roku by 374.0% in the fourth quarter. Graham Capital Management L.P. now owns 46,804 shares of the company's stock worth $3,479,000 after purchasing an additional 36,929 shares during the period. Deutsche Bank AG lifted its position in Roku by 46.1% during the 4th quarter. Deutsche Bank AG now owns 331,682 shares of the company's stock valued at $24,657,000 after purchasing an additional 104,723 shares during the period. Concentric Capital Strategies LP bought a new position in shares of Roku in the 4th quarter valued at about $1,795,000. Finally, Corton Capital Inc. boosted its stake in shares of Roku by 8.3% in the 4th quarter. Corton Capital Inc. now owns 4,880 shares of the company's stock valued at $363,000 after purchasing an additional 372 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reduced their price objective on shares of Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Citigroup decreased their price objective on Roku from $81.00 to $68.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Jefferies Financial Group raised Roku from an "underperform" rating to a "hold" rating and increased their target price for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. Benchmark restated a "buy" rating and set a $130.00 target price on shares of Roku in a research report on Friday, May 2nd. Finally, Wedbush cut their price target on shares of Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.93.

Insider Activity

In related news, 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 transaction of $75,000.00. Following the transaction, the chief financial officer now directly owns 68,843 shares of the company's stock, valued at approximately $5,163,225. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew C. Banks sold 1,906 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares of the company's stock, valued at $583,092.16. This represents a 20.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,111 shares of company stock valued at $6,575,362 in the last quarter. Company insiders own 13.98% of the company's stock.

Roku Stock Performance

NASDAQ:ROKU opened at $60.93 on Friday. The stock's 50-day simple moving average is $66.49 and its 200 day simple moving average is $74.59. 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 $8.89 billion, a P/E ratio of -68.46 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the business posted ($0.35) EPS. The business's revenue was up 15.8% compared to the same quarter last year. As a group, equities analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku 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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