Atria Wealth Solutions Inc. Grows Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Atria Wealth Solutions Inc. raised its position in shares of Roku, Inc. (NASDAQ:ROKU) by 69.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,725 shares of the company’s stock after buying an additional 6,434 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Roku were worth $1,441,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of Roku during the fourth quarter valued at about $27,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Roku during the fourth quarter valued at about $29,000. Federated Hermes Inc. acquired a new position in shares of Roku during the third quarter valued at about $37,000. Headinvest LLC acquired a new position in shares of Roku during the third quarter valued at about $42,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Roku by 1,822.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 596 shares of the company’s stock valued at $55,000 after acquiring an additional 565 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Susquehanna cut their price target on shares of Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a report on Monday. Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. Stephens reiterated an “overweight” rating and issued a $105.00 price target on shares of Roku in a report on Friday, February 16th. Rosenblatt Securities reiterated a “neutral” rating and issued a $89.00 price target on shares of Roku in a report on Friday, April 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Roku in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Roku presently has an average rating of “Hold” and a consensus target price of $84.21.

Roku Trading Up 2.5 %

NASDAQ ROKU opened at $59.13 on Thursday. Roku, Inc. has a 52 week low of $51.62 and a 52 week high of $108.84. The business’s fifty day simple moving average is $62.24 and its 200-day simple moving average is $78.31.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same quarter in the previous year, the firm earned ($1.38) EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Roku, Inc. will post -1.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Charles Collier sold 4,182 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $65.00, for a total transaction of $271,830.00. Following the completion of the sale, the insider now directly owns 8,474 shares of the company’s stock, valued at approximately $550,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roku news, SVP Stephen H. Kay sold 4,310 shares of Roku stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the transaction, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at approximately $5,148,208.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Charles Collier sold 4,182 shares of Roku stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $65.00, for a total value of $271,830.00. Following the completion of the transaction, the insider now directly owns 8,474 shares of the company’s stock, valued at $550,810. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,545 shares of company stock valued at $4,364,035. 13.63% of the stock is currently owned by insiders.

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.