Oak Thistle LLC Takes Position in Roku, Inc. (NASDAQ:ROKU)

Oak Thistle LLC bought a new position in Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,074 shares of the company’s stock, valued at approximately $823,000.

A number of other hedge funds also recently bought and sold shares of the business. Raelipskie Partnership bought a new stake in shares of Roku in the 3rd quarter worth approximately $32,000. Future Financial Wealth Managment LLC purchased a new stake in Roku in the third quarter worth $43,000. GS Investments Inc. boosted its holdings in Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the period. Finally, Cedar Wealth Management LLC bought a new position in Roku in the 2nd quarter worth $48,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Moffett Nathanson lowered shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price on the stock. in a research note on Friday, January 10th. Bank of America lifted their price objective on Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $70.00 to $90.00 in a report on Monday, November 18th. JPMorgan Chase & Co. raised their target price on Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group reduced their price target on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Friday, November 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $82.62.

Insider Activity at Roku

In related news, insider Charles Collier sold 10,771 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the sale, the insider now owns 3,790 shares in the company, valued at approximately $269,620.60. This represents a 73.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the completion of the transaction, the chief accounting officer now directly owns 7,264 shares in the company, valued at approximately $518,940.16. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,095 shares of company stock worth $5,649,038 over the last quarter. Company insiders own 13.98% of the company’s stock.

Roku Price Performance

ROKU stock opened at $76.53 on Thursday. The stock has a market capitalization of $11.11 billion, a P/E ratio of -63.77 and a beta of 2.05. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $99.80. The business has a fifty day moving average price of $76.64 and a 200-day moving average price of $70.53.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Roku’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($2.33) EPS. As a group, analysts anticipate that Roku, Inc. will post -1.1 earnings per share for the current year.

Roku 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.