Roku, Inc. (NASDAQ:ROKU) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,071 shares of the company's stock after buying an additional 5,809 shares during the period. Price T Rowe Associates Inc. MD owned about 0.06% of Roku worth $6,325,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after acquiring an additional 270 shares during the period. Vision Financial Markets LLC purchased a new position in Roku during the 4th quarter worth $30,000. Game Plan Financial Advisors LLC bought a new stake in Roku during the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Roku by 4,091.7% in the 4th 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 bought a new position in shares of Roku during the 4th quarter worth $39,000. Institutional investors own 86.30% of the company's stock.

Insiders Place Their Bets

In other news, insider Charles Collier sold 7,181 shares of Roku 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 sale, the insider now owns 7,380 shares of the company's stock, valued at approximately $577,485. The trade was a 49.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dan Jedda sold 5,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $502,000.00. Following the completion of the transaction, the chief financial officer now owns 58,555 shares of the company's stock, valued at $5,878,922. The trade was a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,111 shares of company stock valued at $6,575,362. Insiders own 13.98% of the company's stock.

Wall Street Analysts Forecast Growth

ROKU has been the topic of several research reports. Wedbush cut their price objective on shares of Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Rosenblatt Securities cut their price target on Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on Roku from $115.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler assumed coverage on Roku in a research note on Thursday, April 17th. They issued a "neutral" rating and a $65.00 target price on the stock. Finally, Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 price target for the company in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roku currently has an average rating of "Moderate Buy" and a consensus price target of $87.93.

Roku Trading Down 0.5 %

ROKU traded down $0.29 during midday trading on Wednesday, hitting $60.00. 616,509 shares of the company traded hands, compared to its average volume of 3,747,969. The business has a 50 day simple moving average of $67.73 and a two-hundred day simple moving average of $74.91. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of -67.31 and a beta of 2.06.

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

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.