Roku, Inc. (NASDAQ:ROKU) Shares Bought by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. lifted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 39.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,893 shares of the company’s stock after purchasing an additional 1,102 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in Roku were worth $289,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Raelipskie Partnership acquired a new stake in Roku in the 3rd quarter worth about $32,000. Future Financial Wealth Managment LLC purchased a new stake in Roku in the third quarter valued at approximately $43,000. GS Investments Inc. increased its position in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after purchasing an additional 147 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the last quarter. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Roku during the 2nd quarter worth $48,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Stock Up 1.0 %

Shares of NASDAQ:ROKU opened at $75.89 on Friday. The firm has a 50-day simple moving average of $76.74 and a 200 day simple moving average of $70.66. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $99.80.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted ($2.33) EPS. The business’s revenue was up 16.5% on a year-over-year basis. As a group, analysts expect that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of recent research reports. Moffett Nathanson cut shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 price target on the stock. in a research report on Friday, January 10th. Citigroup boosted their price objective on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Rosenblatt Securities increased their target price on Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised their target price on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group lowered their price objective on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $82.62.

Insider Transactions at Roku

In related news, insider Charles Collier sold 10,771 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the transaction, the insider now owns 3,790 shares of the company’s stock, valued at $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now owns 63,555 shares in the company, valued at approximately $4,905,174.90. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,095 shares of company stock worth $5,726,218. Insiders own 13.98% of the company’s stock.

Roku Company Profile

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.