MBB Public Markets I LLC Buys Shares of 9,245 Roku, Inc. (NASDAQ:ROKU)

MBB Public Markets I LLC bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,245 shares of the company’s stock, valued at approximately $554,000.

Several other large investors have also recently bought and sold shares of the company. Quarry LP raised its stake in Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Roku by 43.5% during the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after buying an additional 187 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after acquiring an additional 375 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after acquiring an additional 610 shares during the last quarter. Finally, Cedar Wealth Management LLC purchased a new stake in Roku during the second quarter valued at about $48,000. 86.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the completion of the sale, the chief financial officer now owns 54,267 shares of the company’s stock, valued at approximately $4,087,933.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares of the company’s stock, valued at $376,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares of the company’s stock, valued at approximately $4,087,933.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,945 shares of company stock valued at $3,465,135. Corporate insiders own 13.98% of the company’s stock.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $74.34 on Wednesday. The firm’s 50 day moving average price is $64.68 and its 200-day moving average price is $61.58. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84. The company has a market cap of $10.76 billion, a PE ratio of -18.63 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. The business had revenue of $968.18 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned ($0.76) EPS. On average, analysts forecast that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ROKU has been the subject of several analyst reports. Macquarie cut their price target on shares of Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Wolfe Research upgraded Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price for the company in a report on Thursday, September 12th. Rosenblatt Securities reduced their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Roku from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company upgraded shares of Roku from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $50.00 to $72.00 in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Roku presently has a consensus rating of “Hold” and an average price target of $80.29.

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.