18,449 Shares in Roku, Inc. (NASDAQ:ROKU) Acquired by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new stake in Roku, Inc. (NASDAQ:ROKU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,449 shares of the company’s stock, valued at approximately $1,106,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROKU. Xponance Inc. boosted its position in Roku by 2.5% during the second quarter. Xponance Inc. now owns 12,258 shares of the company’s stock worth $735,000 after acquiring an additional 301 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Roku by 8.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 61,808 shares of the company’s stock worth $3,704,000 after purchasing an additional 4,768 shares during the last quarter. Cedar Wealth Management LLC purchased a new stake in shares of Roku in the second quarter valued at approximately $48,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Roku by 6,706.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 64,047 shares of the company’s stock valued at $3,838,000 after purchasing an additional 63,106 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Performance

Shares of ROKU stock opened at $76.36 on Wednesday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84. The company has a 50 day moving average price of $63.79 and a 200 day moving average price of $61.30.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data 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 return on equity of 21.03% and a negative net margin of 13.16%. The business had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. During the same quarter in the prior year, the company earned ($0.76) earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. On average, equities analysts predict that Roku, Inc. will post -1.44 earnings per share for the current year.

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 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 $1,875,000.00. Following the sale, the chief executive officer now directly owns 5,020 shares in the company, valued at $376,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business’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 $1,875,000.00. Following the completion of the transaction, the chief executive officer now owns 5,020 shares in the company, valued at approximately $376,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles Collier sold 3,590 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total transaction of $233,350.00. Following the completion of the sale, the insider now owns 12,064 shares in the company, valued at $784,160. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,945 shares of company stock worth $3,465,135. 13.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ROKU has been the subject of several analyst reports. Macquarie dropped their target price on Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Rosenblatt Securities dropped their price objective on shares of Roku from $89.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Wells Fargo & Company raised shares of Roku from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $50.00 to $72.00 in a research note on Thursday, September 5th. Benchmark reissued a “buy” rating and issued a $105.00 price target on shares of Roku in a research note on Thursday, September 12th. Finally, Bank of America reduced their price target on shares of Roku from $85.00 to $75.00 and set a “buy” 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.75.

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.