Benjamin Edwards Inc. Raises Position in Roku, Inc. (NASDAQ:ROKU)

Benjamin Edwards Inc. lifted its stake in Roku, Inc. (NASDAQ:ROKU) by 13,111.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 59,451 shares of the company’s stock after acquiring an additional 59,001 shares during the period. Benjamin Edwards Inc.’s holdings in Roku were worth $4,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Roku in the 3rd quarter worth approximately $43,000. GS Investments Inc. raised its stake in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares during the period. Cedar Wealth Management LLC purchased a new position in Roku during the second quarter valued at approximately $48,000. Finally, AM Squared Ltd bought a new position in shares of Roku in the second quarter worth approximately $66,000. 86.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROKU. Macquarie restated an “outperform” rating and set a $90.00 target price on shares of Roku in a research note on Thursday, October 31st. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $70.00 to $90.00 in a research note on Monday, November 18th. Wedbush lifted their target price on Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Benchmark reissued a “buy” rating and issued a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Finally, Rosenblatt Securities lifted their price objective on shares of Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.62.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the transaction, the chief executive officer now directly owns 5,020 shares in the company, valued at approximately $376,500. This represents a 83.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the sale, the chief financial officer now owns 54,267 shares of the company’s stock, valued at $4,087,933.11. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,550 shares of company stock worth $6,621,873. 13.98% of the stock is currently owned by company insiders.

Roku Stock Down 1.8 %

NASDAQ ROKU opened at $75.69 on Wednesday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of -63.07 and a beta of 2.06. The company has a fifty day moving average of $73.68 and a two-hundred day moving average of $65.60.

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

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.