50,765 Shares in Roku, Inc. $ROKU Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,765 shares of the company’s stock, valued at approximately $5,083,000.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of Roku by 18.6% during the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock worth $232,000 after acquiring an additional 515 shares during the period. Focus Partners Wealth bought a new position in Roku during the first quarter worth about $229,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Roku in the second quarter worth about $256,000. Wealthfront Advisers LLC raised its position in shares of Roku by 18.0% in the second quarter. Wealthfront Advisers LLC now owns 6,646 shares of the company’s stock valued at $584,000 after purchasing an additional 1,012 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Roku by 162.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 24,629 shares of the company’s stock valued at $2,165,000 after purchasing an additional 15,234 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku rolled out 17 new free channels on The Roku Channel, expanding content selection that can boost viewer engagement and ad-revenue potential for the platform. Roku quietly rolls out a major free upgrade for users
• Positive Sentiment: Analyst/investor coverage picked up — Zacks published pieces highlighting increased investor attention and listing Roku among must-watch streaming stocks — which can attract flows and re-rate sentiment after Roku’s recent earnings beat. Roku, Inc. (ROKU) is Attracting Investor Attention
• Positive Sentiment: New original/exclusive programming (example: The Reunion: Laguna Beach premiere on The Roku Channel) supports content-led engagement and subscription/ads upside on the platform. ‘The Reunion: Laguna Beach’ Gets Premiere Date On Roku Channel
• Neutral Sentiment: Retail discounting on Roku hardware (Streambar SE, Streaming Stick 4K, Streaming Stick Plus and Roku TV deals) is widespread — this likely boosts unit sales/market share but may compress hardware margins and lower ASPs. Coverage of these price cuts appeared across Gizmodo, Kotaku, Mashable and MSN. Roku’s 2-in-1 Soundbar and Streaming Combo Hits a New Low Roku Streambar SE Falls Below Its Black Friday Price The Roku Streaming Stick 4K is back on sale at Amazon
• Negative Sentiment: A Pocket-lint piece flags a limitation with the Roku Ultra’s Ethernet port that may surprise buyers — negative product PR can dent consumer confidence and complicate hardware upsell conversations. Your Roku Ultra’s Ethernet port doesn’t do what you think

Roku Price Performance

Shares of NASDAQ ROKU opened at $98.41 on Friday. The stock has a market capitalization of $14.51 billion, a P/E ratio of 172.65 and a beta of 1.99. Roku, Inc. has a one year low of $52.43 and a one year high of $116.66. The firm’s 50 day simple moving average is $100.54 and its two-hundred day simple moving average is $99.27.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.25. Roku had a net margin of 1.87% and a return on equity of 3.40%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the company earned ($0.24) EPS. The firm’s revenue was up 16.1% on a year-over-year basis. As a group, equities analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $140.00 price objective (up from $135.00) on shares of Roku in a research note on Friday, February 13th. Bank of America raised their price target on Roku from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Rosenblatt Securities upgraded Roku from a “neutral” rating to a “buy” rating and lifted their price target for the company from $106.00 to $118.00 in a research report on Friday, February 13th. Arete Research set a $132.00 price objective on Roku and gave the stock a “buy” rating in a report on Monday, January 5th. Finally, Wedbush lifted their target price on Roku from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and an average price target of $123.96.

Insider Buying and Selling at Roku

In other news, Director Neil D. Hunt sold 2,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $96.48, for a total value of $192,960.00. Following the completion of the sale, the director owned 7,782 shares of the company’s stock, valued at approximately $750,807.36. The trade was a 20.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gilbert Fuchsberg sold 3,250 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $108.78, for a total value of $353,535.00. Following the transaction, the insider owned 59,094 shares in the company, valued at approximately $6,428,245.32. The trade was a 5.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 219,710 shares of company stock valued at $22,761,608. 13.98% of the stock is currently owned by insiders.

Roku Company 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.