Royal Fund Management LLC Takes Position in Roku, Inc. $ROKU

Royal Fund Management LLC acquired a new position in Roku, Inc. (NASDAQ:ROKU) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,860 shares of the company’s stock, valued at approximately $365,000.

Several other large investors have also recently modified their holdings of ROKU. Blue Trust Inc. boosted its stake in Roku by 680.0% in the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares in the last quarter. Bayban grew its holdings in Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Roku during the fourth quarter worth $31,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Roku during the fourth quarter worth $31,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ROKU. Guggenheim raised their price objective on Roku from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Morgan Stanley increased their price target on Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. restated a “neutral” rating and set a $160.00 price target (up from $150.00) on shares of Roku in a research note on Tuesday, June 16th. UBS Group set a $160.00 price objective on shares of Roku in a report on Monday, June 15th. Finally, Citizens Jmp downgraded shares of Roku from a “market outperform” rating to a “hold” rating in a report on Tuesday, June 16th. Ten investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Roku currently has a consensus rating of “Hold” and an average price target of $155.12.

Roku Price Performance

Shares of ROKU stock opened at $145.09 on Friday. The firm has a market capitalization of $21.39 billion, a price-to-earnings ratio of 109.09 and a beta of 2.01. The business has a fifty day moving average of $136.06 and a 200 day moving average of $114.64. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $148.88.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The firm’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) EPS. As a group, equities research analysts expect that Roku, Inc. will post 2.41 earnings per share for the current year.

Insider Transactions at Roku

In related news, insider Charles Collier sold 20,538 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $124.23, for a total value of $2,551,435.74. Following the transaction, the insider owned 7,700 shares in the company, valued at approximately $956,571. This represents a 72.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 224,181 shares of company stock valued at $29,043,628. 13.45% of the stock is owned by company insiders.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.