Siemens Fonds Invest GmbH Takes Position in Roku, Inc. (NASDAQ:ROKU)

Siemens Fonds Invest GmbH bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,608 shares of the company's stock, valued at approximately $1,681,000.

Several other large investors have also recently made changes to their positions in ROKU. Quantinno Capital Management LP raised its holdings in Roku by 38.2% in the 4th quarter. Quantinno Capital Management LP now owns 102,636 shares of the company's stock worth $7,630,000 after acquiring an additional 28,347 shares during the last quarter. Morgens Waterfall Vintiadis & Co. Inc. purchased a new position in Roku in the 4th quarter worth approximately $3,866,000. Occudo Quantitative Strategies LP raised its holdings in Roku by 207.4% in the 4th quarter. Occudo Quantitative Strategies LP now owns 17,345 shares of the company's stock worth $1,289,000 after acquiring an additional 11,702 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Roku by 1.3% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,500 shares of the company's stock worth $4,349,000 after acquiring an additional 757 shares during the last quarter. Finally, J. Goldman & Co LP raised its holdings in Roku by 973.1% in the 4th quarter. J. Goldman & Co LP now owns 354,326 shares of the company's stock worth $26,341,000 after acquiring an additional 321,307 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Price Performance

Shares of NASDAQ ROKU traded down $0.54 during mid-day trading on Monday, reaching $70.83. The company's stock had a trading volume of 2,451,916 shares, compared to its average volume of 3,773,311. The firm has a market capitalization of $10.34 billion, a PE ratio of -79.58 and a beta of 2.06. The stock has a fifty day moving average of $65.92 and a two-hundred day moving average of $74.52. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations 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 quarterly 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) EPS. Analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. FBN Securities assumed coverage on shares of Roku in a research report on Friday, March 28th. They issued an "outperform" rating and a $93.00 target price for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $95.00 target price on shares of Roku in a research report on Friday, May 2nd. Evercore ISI cut their target price on shares of Roku from $105.00 to $80.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Citigroup cut their target price on shares of Roku from $81.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Finally, Rosenblatt Securities cut their target price on shares of Roku from $100.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.93.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the transaction, the chief financial officer now owns 68,843 shares in the company, valued at $5,163,225. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $345,000.00. Following the transaction, the chief executive officer now owns 6,243 shares of the company's stock, valued at $468,225. This trade represents a 42.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,111 shares of company stock worth $1,365,112 in the last 90 days. 13.98% of the stock is currently owned by corporate insiders.

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.