Azzad Asset Management Inc. ADV Raises Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Azzad Asset Management Inc. ADV boosted its holdings in Roku, Inc. (NASDAQ:ROKU) by 48.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,461 shares of the company’s stock after purchasing an additional 1,779 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Roku were worth $408,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ROKU. Prudential PLC lifted its holdings in Roku by 109.3% during the 4th quarter. Prudential PLC now owns 10,051 shares of the company’s stock worth $921,000 after buying an additional 5,249 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in Roku by 11.7% during the 4th quarter. Neuberger Berman Group LLC now owns 8,946 shares of the company’s stock worth $820,000 after buying an additional 934 shares during the last quarter. Left Brain Wealth Management LLC lifted its holdings in Roku by 480.0% during the 4th quarter. Left Brain Wealth Management LLC now owns 40,449 shares of the company’s stock worth $3,708,000 after buying an additional 33,475 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Roku during the 4th quarter worth approximately $6,550,000. Finally, Empirical Capital Management LLC bought a new stake in shares of Roku in the 4th quarter worth approximately $14,626,000. Institutional investors own 86.30% of the company’s stock.

Roku Trading Up 2.9 %

Shares of ROKU stock opened at $78.57 on Wednesday. The firm’s 50 day moving average is $66.77 and its 200-day moving average is $62.07. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The firm has a market capitalization of $11.33 billion, a price-to-earnings ratio of -19.69 and a beta of 2.08.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. During the same period in the prior year, the business posted ($0.76) earnings per share. Roku’s revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts forecast that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the transaction, the chief executive officer now directly owns 5,020 shares in the company, valued at $376,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Roku news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, September 12th. The stock was 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 of the company’s stock, valued at $376,500. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,156 shares of company stock worth $3,481,100 over the last ninety days. Company insiders own 13.98% of the company’s stock.

Analyst Upgrades and Downgrades

ROKU has been the topic of several recent research reports. Wedbush reissued an “outperform” rating and issued a $75.00 price target on shares of Roku in a report on Friday, August 2nd. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target on the stock in a report on Thursday, September 12th. Macquarie raised their price target on Roku from $72.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Benchmark reissued a “buy” rating and issued a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Finally, Robert W. Baird raised their price target on Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $81.14.

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.