Synergy Financial Group LTD Invests $220,000 in Roku, Inc. (NASDAQ:ROKU)

Synergy Financial Group LTD purchased a new stake in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,958 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors have also made changes to their positions in the stock. GS Investments Inc. raised its holdings in Roku by 33.4% in the 3rd 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. PFG Investments LLC grew its holdings in shares of Roku by 3.7% during the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock worth $310,000 after purchasing an additional 150 shares in the last quarter. True Vision MN LLC increased its position in shares of Roku by 3.1% in the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares during the period. CIBC Asset Management Inc raised its stake in Roku by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock valued at $287,000 after purchasing an additional 191 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Roku by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after purchasing an additional 202 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ROKU. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 target price on shares of Roku in a report on Thursday, February 13th. Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $74.00 to $129.00 in a research note on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Roku in a research note on Tuesday, January 7th. Citizens Jmp raised Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Benchmark boosted their price target on Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and an average target price of $96.00.

Roku Price Performance

ROKU opened at $91.24 on Tuesday. The company’s 50 day moving average price is $81.83 and its two-hundred day moving average price is $75.55. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of -102.52 and a beta of 2.05. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. As a group, equities research analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,193,100.32. This represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the sale, the chief financial officer now directly owns 63,555 shares of the company’s stock, valued at $4,905,174.90. This represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,421 shares of company stock valued at $9,660,786. Company insiders own 13.98% of the company’s stock.

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.