2,958 Shares in Roku, Inc. (NASDAQ:ROKU) Bought by Synergy Financial Group LTD

Synergy Financial Group LTD bought a new stake in Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,958 shares of the company’s stock, valued at approximately $220,000.

Other large investors also recently modified their holdings of the company. GS Investments Inc. lifted its holdings in shares of Roku by 33.4% during the 3rd 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. PFG Investments LLC raised its holdings in 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 buying an additional 150 shares during the period. True Vision MN LLC lifted its stake in Roku by 3.1% in the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after buying an additional 152 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of 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 buying an additional 191 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of 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 acquiring an additional 202 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ROKU. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $70.00 to $90.00 in a research report on Monday, November 18th. Benchmark boosted their price target on Roku from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 14th. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of Roku in a report on Monday, February 10th. UBS Group lifted their target price on Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and upped their price target for the stock from $55.00 to $100.00 in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.00.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their position. 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 the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.73, for a total value of $82,730.00. Following the completion of the transaction, the chief financial officer now directly owns 64,555 shares in the company, valued at approximately $5,340,635.15. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,421 shares of company stock worth $9,660,786 over the last ninety days. Insiders own 13.98% of the company’s stock.

Roku Stock Performance

Roku stock opened at $91.24 on Tuesday. The stock has a 50-day simple moving average of $81.83 and a 200 day simple moving average of $75.55. The stock has a market capitalization of $13.32 billion, a P/E ratio of -102.52 and a beta of 2.05. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Research analysts forecast that Roku, Inc. will post -0.3 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.