Fiera Capital Corp Takes Position in Roku, Inc. (NASDAQ:ROKU)

Fiera Capital Corp purchased a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 213,363 shares of the company's stock, valued at approximately $19,557,000. Fiera Capital Corp owned 0.15% of Roku at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Roku by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,473,538 shares of the company's stock worth $809,917,000 after buying an additional 78,185 shares during the period. FMR LLC raised its position in Roku by 85.9% during the third quarter. FMR LLC now owns 9,441,349 shares of the company's stock worth $666,465,000 after acquiring an additional 4,363,754 shares during the period. Wellington Management Group LLP lifted its holdings in Roku by 34.6% during the third quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company's stock valued at $179,516,000 after purchasing an additional 653,940 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Roku by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 865,129 shares of the company's stock valued at $79,298,000 after purchasing an additional 28,930 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Roku during the third quarter worth about $55,182,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ROKU shares. Morgan Stanley cut their price objective on Roku from $65.00 to $60.00 and set an "underweight" rating for the company in a research note on Friday, April 5th. Piper Sandler reiterated a "neutral" rating and set a $65.00 price target (down from $81.00) on shares of Roku in a research report on Friday, April 26th. Rosenblatt Securities restated a "neutral" rating and issued a $89.00 price objective on shares of Roku in a report on Friday, April 26th. Benchmark dropped their target price on shares of Roku from $115.00 to $105.00 and set a "buy" rating for the company in a report on Friday, April 26th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of Roku in a research note on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $82.50.

Insider Activity at Roku

In related news, Director Jeffrey M. Blackburn acquired 8,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $63.96 per share, with a total value of $511,680.00. Following the completion of the transaction, the director now owns 8,000 shares of the company's stock, valued at $511,680. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Jeffrey M. Blackburn acquired 8,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the purchase, the director now owns 8,000 shares of the company's stock, valued at approximately $511,680. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charles Collier sold 12,277 shares of the business's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total value of $798,741.62. Following the transaction, the insider now directly owns 4,292 shares of the company's stock, valued at $279,237.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,751 shares of company stock worth $1,909,835. Corporate insiders own 13.63% of the company's stock.

Roku Trading Down 1.6 %

ROKU traded down $1.02 on Thursday, hitting $61.25. The company had a trading volume of 2,629,667 shares, compared to its average volume of 5,579,085. The company's fifty day moving average price is $61.55 and its 200 day moving average price is $78.11. Roku, Inc. has a 1 year low of $51.62 and a 1 year high of $108.84. The firm has a market cap of $8.83 billion, a P/E ratio of -15.35 and a beta of 1.69.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating analysts' consensus estimates of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to analysts' expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The business's revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the business earned ($1.38) earnings per share. On average, analysts predict that Roku, Inc. will post -1.94 earnings per share for the current 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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