Oppenheimer & Co. Inc. Makes New Investment in Roku, Inc. (NASDAQ:ROKU)

Oppenheimer & Co. Inc. acquired a new position in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,706 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors have also added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. increased its position in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 270 shares during the period. Raelipskie Partnership purchased a new position in shares of Roku during the third quarter worth approximately $32,000. Game Plan Financial Advisors LLC purchased a new position in shares of Roku during the fourth quarter worth approximately $37,000. GS Investments Inc. increased its position in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares during the period. Finally, Allworth Financial LP increased its position in shares of Roku by 52.8% during the fourth quarter. Allworth Financial LP now owns 634 shares of the company’s stock worth $50,000 after acquiring an additional 219 shares during the period. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

ROKU has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $86.00 target price on shares of Roku in a research report on Thursday, February 13th. Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $74.00 to $129.00 in a research report on Friday, February 14th. Citigroup lifted their price objective on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Moffett Nathanson raised shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 price objective on the stock in a report on Tuesday, March 4th. Finally, Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $96.71.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.73, for a total transaction of $82,730.00. Following the completion of the sale, the chief financial officer now directly owns 64,555 shares in the company, valued at approximately $5,340,635.15. The trade was a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the sale, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,193,100.32. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,308 shares of company stock worth $10,362,166. Company insiders own 13.98% of the company’s stock.

Roku Stock Down 3.7 %

Shares of ROKU opened at $76.67 on Monday. The company has a market cap of $11.19 billion, a price-to-earnings ratio of -86.15 and a beta of 2.12. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The company has a 50 day moving average of $82.29 and a two-hundred day moving average of $77.05.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Roku Company 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.