O Keefe Stevens Advisory Inc. Takes Position in Roku, Inc. (NASDAQ:ROKU)

O Keefe Stevens Advisory Inc. acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,791 shares of the company’s stock, valued at approximately $208,000.

Several other large investors also recently added to or reduced their stakes in ROKU. Mcdonald Partners LLC increased its position in Roku by 0.9% in the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock worth $1,175,000 after purchasing an additional 175 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after buying an additional 187 shares in the last quarter. Beacon Capital Management LLC raised its holdings in Roku by 17.7% in the first quarter. Beacon Capital Management LLC now owns 1,547 shares of the company’s stock worth $101,000 after purchasing an additional 233 shares in the last quarter. Arizona State Retirement System increased its position in shares of Roku by 0.7% during the second quarter. Arizona State Retirement System now owns 34,656 shares of the company’s stock worth $2,077,000 after purchasing an additional 251 shares in the last quarter. Finally, Quarry LP boosted its holdings in Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Stock Up 2.9 %

NASDAQ:ROKU opened at $78.57 on Wednesday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The company has a fifty day simple moving average of $66.77 and a two-hundred day simple moving average of $62.07. The company has a market cap of $11.33 billion, a price-to-earnings ratio of -19.69 and a beta of 2.08.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The firm had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. During the same period in the prior year, the firm earned ($0.76) earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts expect that Roku, Inc. will post -1.44 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America upped their price objective on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 30th. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a research report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price target on Roku from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Citigroup increased their price objective on shares of Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, Benchmark reiterated a “buy” rating and set a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Roku presently has a consensus rating of “Hold” and a consensus price target of $81.14.

Insider Activity at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now owns 54,267 shares in the company, valued at $4,087,933.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the transaction, the insider now directly owns 38,602 shares in the company, valued at approximately $2,485,582.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the transaction, the chief financial officer now directly owns 54,267 shares in the company, valued at $4,087,933.11. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,156 shares of company stock valued at $3,481,100 over the last quarter. 13.98% of the stock is 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.