DekaBank Deutsche Girozentrale Purchases 1,022 Shares of Roku, Inc. (NASDAQ:ROKU)

DekaBank Deutsche Girozentrale grew its position in shares of Roku, Inc. (NASDAQ:ROKU) by 6.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,430 shares of the company’s stock after acquiring an additional 1,022 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Roku were worth $982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ROKU. Robeco Institutional Asset Management B.V. increased its stake in Roku by 37.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,565 shares of the company’s stock valued at $1,885,000 after purchasing an additional 5,641 shares in the last quarter. Norges Bank bought a new stake in shares of Roku during the fourth quarter worth about $90,386,000. Corient Private Wealth LLC raised its holdings in shares of Roku by 4.4% in the 4th quarter. Corient Private Wealth LLC now owns 10,540 shares of the company’s stock worth $966,000 after acquiring an additional 449 shares during the last quarter. Quest Partners LLC bought a new position in Roku in the 4th quarter valued at about $269,000. Finally, Assetmark Inc. acquired a new position in Roku during the 4th quarter valued at about $418,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROKU has been the subject of several analyst reports. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a research note on Thursday, September 12th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Roku in a research report on Friday, September 13th. Wedbush reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Roku in a report on Friday, August 2nd. Benchmark reiterated a “buy” rating and issued a $105.00 target price on shares of Roku in a research note on Thursday, September 12th. Finally, Rosenblatt Securities dropped their price target on shares of Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $78.75.

Insider Activity at Roku

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the sale, the insider now owns 38,602 shares in the company, valued at $2,485,582.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Charles Collier sold 15,454 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the sale, the insider now owns 200 shares of the company’s stock, valued at approximately $15,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the transaction, the insider now directly owns 38,602 shares of the company’s stock, valued at $2,485,582.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,945 shares of company stock worth $3,465,135. Corporate insiders own 13.98% of the company’s stock.

Roku Trading Up 0.1 %

ROKU stock opened at $77.45 on Friday. The stock has a fifty day moving average of $63.03 and a 200-day moving average of $61.07. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two 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 for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The firm had revenue of $968.18 million during the quarter, compared to analyst estimates of $937.78 million. During the same quarter last year, the business earned ($0.76) earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Analysts anticipate that Roku, Inc. will post -1.45 earnings per share for the current fiscal year.

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.