Newbridge Financial Services Group Inc. Sells 315 Shares of Roku, Inc. (NASDAQ:ROKU)

Newbridge Financial Services Group Inc. cut its holdings in Roku, Inc. (NASDAQ:ROKUFree Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,905 shares of the company’s stock after selling 315 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Roku were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ROKU. GAMMA Investing LLC purchased a new stake in shares of Roku in the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Roku during the 4th quarter worth approximately $29,000. Quarry LP grew its holdings in shares of Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 266 shares during the period. Federated Hermes Inc. purchased a new position in shares of Roku in the 3rd quarter valued at approximately $37,000. Finally, Headinvest LLC bought a new stake in shares of Roku during the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Susquehanna decreased their price objective on Roku from $110.00 to $80.00 and set a “positive” rating for the company in a report on Monday, April 29th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Roku in a research note on Friday, May 17th. Seaport Res Ptn raised shares of Roku from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Morgan Stanley cut their price target on Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, April 5th. Finally, Jefferies Financial Group assumed coverage on Roku in a report on Thursday, May 2nd. They issued an “underperform” rating and a $50.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Roku presently has a consensus rating of “Hold” and an average target price of $82.50.

Read Our Latest Stock Analysis on Roku

Roku Stock Down 0.5 %

Roku stock traded down $0.28 during mid-day trading on Tuesday, reaching $53.69. 317,339 shares of the stock traded hands, compared to its average volume of 5,050,299. The business’s 50-day moving average is $58.69 and its 200-day moving average is $73.35. Roku, Inc. has a 12-month low of $53.20 and a 12-month high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The business had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. During the same period in the prior year, the company earned ($1.38) earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts predict that Roku, Inc. will post -1.94 EPS for the current year.

Insider Activity at Roku

In other news, Director Mai Fyfield sold 650 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $57.88, for a total value of $37,622.00. Following the completion of the transaction, the director now owns 3,259 shares of the company’s stock, valued at $188,630.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Roku news, Director Mai Fyfield sold 650 shares of Roku stock in a transaction on Monday, June 10th. The shares were sold at an average price of $57.88, for a total value of $37,622.00. Following the sale, the director now directly owns 3,259 shares in the company, valued at approximately $188,630.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Stephen H. Kay sold 12,124 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $55.59, for a total value of $673,973.16. Following the completion of the sale, the senior vice president now owns 91,905 shares in the company, valued at $5,108,998.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,898 shares of company stock worth $1,347,966. 13.98% of the stock is owned by corporate insiders.

Roku Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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