SteelPeak Wealth LLC Purchases Shares of 3,471 Roku, Inc. (NASDAQ:ROKU)

SteelPeak Wealth LLC acquired a new position in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,471 shares of the company’s stock, valued at approximately $258,000.

Several other hedge funds have also recently made changes to their positions in ROKU. Holocene Advisors LP purchased a new position in Roku during the 3rd quarter valued at $129,015,000. Kessler Investment Group LLC boosted its stake in shares of Roku by 21.8% during the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock valued at $5,672,000 after purchasing an additional 13,590 shares in the last quarter. National Bank of Canada FI increased its position in shares of Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after buying an additional 149,514 shares during the period. EULAV Asset Management raised its stake in Roku by 59.1% in the third quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock worth $13,663,000 after buying an additional 68,000 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in Roku in the second quarter worth about $662,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In other Roku news, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction that occurred on 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 directly owns 7,264 shares in the company, valued at approximately $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction 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 approximately $4,905,174.90. The trade was a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,885 shares of company stock worth $5,712,912 in the last ninety days. Insiders own 13.98% of the company’s stock.

Roku Stock Down 3.0 %

Shares of NASDAQ ROKU opened at $82.76 on Friday. The firm’s 50-day moving average price is $78.48 and its 200-day moving average price is $72.02. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $99.80. The company has a market cap of $12.02 billion, a PE ratio of -68.97 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion for 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 quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the company posted ($2.33) earnings per share. As a group, equities research analysts anticipate that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROKU. Jefferies Financial Group decreased their target price on Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Friday, November 1st. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $70.00 to $90.00 in a research report on Monday, November 18th. Loop Capital boosted their target price on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a report on Monday, December 9th. Moffett Nathanson lowered shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 price target for the company. in a research note on Friday, January 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.18.

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.