Eurizon Capital SGR S.p.A. Invests $1.09 Million in Roku, Inc. $ROKU

Eurizon Capital SGR S.p.A. acquired a new position in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,033 shares of the company’s stock, valued at approximately $1,094,000.

A number of other institutional investors have also made changes to their positions in ROKU. Blue Trust Inc. increased its holdings in Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after buying an additional 204 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in Roku during the fourth quarter worth $26,000. WPG Advisers LLC acquired a new position in Roku during the fourth quarter worth $31,000. Rakuten Securities Inc. increased its holdings in Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after buying an additional 158 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in Roku by 20,450.0% during the third quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock worth $41,000 after buying an additional 409 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

NASDAQ:ROKU opened at $127.12 on Wednesday. Roku, Inc. has a one year low of $71.88 and a one year high of $133.46. The company has a market cap of $18.74 billion, a P/E ratio of 95.58 and a beta of 2.06. The firm’s fifty day moving average price is $113.01 and its two-hundred day moving average price is $104.54.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company earned ($0.19) earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis. As a group, equities research analysts expect that Roku, Inc. will post 2.41 earnings per share for the current year.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Several articles highlighted bullish Wall Street views on Roku, with the average brokerage recommendation pointing to a Buy-style stance. While these pieces note that analyst ratings can be overly optimistic, they may still support sentiment around the stock. Is It Worth Investing in Roku (ROKU) Based on Wall Street’s Bullish Views?
• Positive Sentiment: Roku continued rolling out platform content, including more than 20 new free live TV channels and a dedicated Soccer Zone portal ahead of the FIFA World Cup. These updates could help drive engagement, ad inventory, and user growth. Roku just added over 20 new free live TV channels
• Positive Sentiment: Roku also announced its CFO and COO Dan Jedda will speak at Evercore ISI’s Global TMT Conference, which may draw investor attention to management’s outlook and near-term strategy. Roku CFO to Participate in Fireside Chat Hosted by Evercore ISI
• Neutral Sentiment: One commentary argued that another tech stock may be a better long-term value than Roku, but the piece also noted Roku’s strong recent earnings beat and a sharp one-year rally. This is more of a valuation comparison than a direct negative on the business. Forget Roku: This Stock Is a Far Better Value for Long-Term Investors
• Neutral Sentiment: Other recent coverage focused on Roku’s stock being a favorite of Cathie Wood and still well below prior highs. That reinforces the turnaround narrative, but it does not add new company-specific catalysts. Cathie Wood favorite tech stock still down 73% from all-time highs

Insider Activity at Roku

In other Roku news, CFO Dan Jedda sold 15,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $94.23, for a total value of $1,413,450.00. Following the transaction, the chief financial officer directly owned 85,115 shares in the company, valued at $8,020,386.45. The trade was a 14.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles Collier sold 205,821 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the completion of the transaction, the insider owned 11,131 shares in the company, valued at approximately $1,168,755. This represents a 94.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 681,358 shares of company stock valued at $75,642,627 in the last ninety days. Company insiders own 13.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ROKU. Citigroup restated a “market outperform” rating on shares of Roku in a report on Thursday, May 28th. Oppenheimer boosted their target price on shares of Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Wells Fargo & Company boosted their target price on shares of Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wedbush boosted their target price on shares of Roku from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, KeyCorp boosted their target price on shares of Roku from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Twenty-two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.46.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.