55,413 Shares in Roku, Inc. (NASDAQ:ROKU) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 55,413 shares of the company's stock, valued at approximately $4,119,000.

A number of other institutional investors have also bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC acquired a new position in Roku in the fourth quarter valued at approximately $30,000. Game Plan Financial Advisors LLC acquired a new stake in Roku during the 4th quarter worth $37,000. Harvest Fund Management Co. Ltd lifted its stake 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 acquiring an additional 491 shares during the period. Finally, Allianz SE purchased a new stake in Roku during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 7,256 shares in the company, valued at $583,092.16. This trade represents a 20.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,333,486.34. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,905 shares of company stock valued at $6,560,876. Company insiders own 13.98% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ROKU. JMP Securities reiterated a "market outperform" rating and set a $95.00 price objective on shares of Roku in a research note on Friday. Pivotal Research cut their price objective on Roku from $125.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday. Benchmark reaffirmed a "buy" rating and issued a $130.00 target price on shares of Roku in a research report on Friday. 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 for the company. Finally, Jefferies Financial Group upgraded shares of Roku from an "underperform" rating to a "hold" rating and boosted their price objective for the company from $55.00 to $100.00 in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $89.46.

Roku Stock Down 6.8 %

Shares of ROKU stock traded down $4.59 during mid-day trading on Friday, reaching $62.68. 9,987,426 shares of the stock traded hands, compared to its average volume of 3,734,427. The stock's fifty day simple moving average is $69.14 and its two-hundred day simple moving average is $75.29. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The company has a market cap of $9.15 billion, a price-to-earnings ratio of -70.19 and a beta of 2.17.

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