Stonekeep Investments LLC Purchases New Position in Roku, Inc. (NASDAQ:ROKU)

Stonekeep Investments LLC bought a new stake in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,506 shares of the company’s stock, valued at approximately $261,000.

Several other large investors also recently made changes to their positions in ROKU. Raelipskie Partnership acquired a new stake in Roku in the 3rd quarter valued at $32,000. EverSource Wealth Advisors LLC raised its holdings in Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after acquiring an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Roku during the third quarter valued at approximately $43,000. GS Investments Inc. grew its stake 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 purchasing an additional 147 shares in the last quarter. Finally, Cedar Wealth Management LLC acquired a new position in shares of Roku during the 2nd quarter worth approximately $48,000. Institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other Roku news, CAO Matthew C. Banks sold 8,693 shares of the business’s 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 transaction, the chief accounting officer now owns 7,264 shares in the company, valued at approximately $518,940.16. The trade was a 54.48 % 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, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the sale, the chief financial officer now owns 65,555 shares of the company’s stock, valued at approximately $4,916,625. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,095 shares of company stock worth $5,726,218 over the last three months. 13.98% of the stock is owned by insiders.

Roku Price Performance

ROKU stock opened at $75.89 on Friday. The stock has a market capitalization of $11.02 billion, a PE ratio of -63.24 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 company’s 50-day moving average is $76.74 and its 200-day moving average is $70.66.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.33) EPS. On average, analysts anticipate that Roku, Inc. will post -1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ROKU shares. Piper Sandler lifted their price target on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Morgan Stanley increased their target price on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Macquarie restated an “outperform” rating and issued a $90.00 price target on shares of Roku in a research note on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Roku in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Roku presently has a consensus rating of “Hold” and a consensus price target of $82.62.

About Roku

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.