Roku, Inc. (NASDAQ:ROKU) Stock Position Reduced by Wedbush Securities Inc.

Wedbush Securities Inc. lessened its position in shares of Roku, Inc. (NASDAQ:ROKU) by 14.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,338 shares of the company’s stock after selling 739 shares during the period. Wedbush Securities Inc.’s holdings in Roku were worth $260,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Swedbank AB bought a new stake in shares of Roku in the 1st quarter worth approximately $1,180,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Roku by 8.7% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,381 shares of the company’s stock worth $1,043,000 after purchasing an additional 914 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Roku by 238.6% in the 2nd quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock worth $4,407,000 after purchasing an additional 51,815 shares during the last quarter. Norges Bank bought a new stake in shares of Roku in the 4th quarter worth approximately $90,386,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Roku by 23.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,822 shares of the company’s stock worth $4,094,000 after purchasing an additional 11,851 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Macquarie cut their price target on Roku from $88.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company upgraded Roku from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $50.00 to $72.00 in a research report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Friday. Wolfe Research upgraded Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price on the stock in a research report on Thursday. Finally, Rosenblatt Securities lowered their target price on Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Roku has an average rating of “Hold” and an average target price of $78.25.

Insider Transactions at Roku

In other news, insider Charles Collier sold 3,590 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total value of $233,350.00. Following the completion of the sale, the insider now owns 12,064 shares of the company’s stock, valued at $784,160. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Charles Collier sold 3,590 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total value of $233,350.00. Following the completion of the sale, the insider now owns 12,064 shares of the company’s stock, valued at $784,160. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the sale, the insider now directly owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. The disclosure for this sale can be found here. Insiders sold a total of 45,945 shares of company stock valued at $3,389,805 over the last quarter. Company insiders own 13.98% of the company’s stock.

Roku Stock Up 0.8 %

Shares of NASDAQ ROKU opened at $74.69 on Friday. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of -18.72 and a beta of 2.06. The stock’s fifty day simple moving average is $61.88 and its 200 day simple moving average is $60.73. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. The business had revenue of $968.18 million for the quarter, compared to analysts’ expectations of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.76) EPS. As a group, analysts anticipate that Roku, Inc. will post -1.45 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.