Stephens Inc. AR Purchases New Position in Roku Inc (NASDAQ:ROKU)

Stephens Inc. AR purchased a new stake in Roku Inc (NASDAQ:ROKU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,244 shares of the company’s stock, valued at approximately $475,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROKU. CWM LLC lifted its holdings in shares of Roku by 76.0% during the second quarter. CWM LLC now owns 880 shares of the company’s stock worth $80,000 after buying an additional 380 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Roku during the second quarter worth approximately $1,071,000. Tocqueville Asset Management L.P. lifted its holdings in shares of Roku by 28.8% during the second quarter. Tocqueville Asset Management L.P. now owns 5,795 shares of the company’s stock worth $525,000 after buying an additional 1,295 shares during the last quarter. Cutter & CO Brokerage Inc. acquired a new position in shares of Roku during the second quarter worth approximately $896,000. Finally, Advisor Group Inc. lifted its holdings in shares of Roku by 7.1% during the second quarter. Advisor Group Inc. now owns 47,323 shares of the company’s stock worth $4,287,000 after buying an additional 3,123 shares during the last quarter. 51.11% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:ROKU opened at $138.58 on Thursday. The business’s fifty day moving average price is $111.21 and its two-hundred day moving average price is $82.55. Roku Inc has a fifty-two week low of $26.30 and a fifty-two week high of $142.10. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of -1,732.25 and a beta of 2.04.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.14. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The firm had revenue of $250.10 million for the quarter, compared to analysts’ expectations of $223.36 million. Roku’s revenue for the quarter was up 59.5% compared to the same quarter last year. Equities research analysts forecast that Roku Inc will post -0.57 earnings per share for the current fiscal year.

A number of research analysts have recently commented on ROKU shares. KeyCorp upped their price target on Roku from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Needham & Company LLC upped their price target on Roku from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, August 12th. BidaskClub upgraded Roku from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th. DA Davidson upped their target price on Roku from $110.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Cannonball Research set a $105.00 target price on Roku and gave the company a “buy” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Roku presently has an average rating of “Hold” and a consensus price target of $102.98.

In other news, Director Alan S. Henricks sold 6,000 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $100.00, for a total transaction of $600,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Scott A. Rosenberg sold 3,356 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $94.60, for a total value of $317,477.60. The disclosure for this sale can be found here. Insiders sold 620,733 shares of company stock worth $63,611,652 over the last quarter. Company insiders own 22.70% of the company’s stock.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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