Synergy Financial Group LTD Takes Position in Roku, Inc. (NASDAQ:ROKU)

Synergy Financial Group LTD acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,958 shares of the company's stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its stake in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after acquiring an additional 270 shares during the period. Raelipskie Partnership bought a new stake in Roku during the 3rd quarter worth about $32,000. Game Plan Financial Advisors LLC acquired a new position in Roku during the 4th quarter valued at about $37,000. GS Investments Inc. boosted its stake in shares of Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company's stock valued at $44,000 after purchasing an additional 147 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Roku by 52.8% during the 4th quarter. Allworth Financial LP now owns 634 shares of the company's stock worth $50,000 after buying an additional 219 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citigroup raised their price objective on shares of Roku from $70.00 to $103.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Baird R W upgraded Roku from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 18th. Wells Fargo & Company raised Roku from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Robert W. Baird raised Roku from a "neutral" rating to an "outperform" rating and increased their target price for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Finally, Pivotal Research upgraded Roku from a "hold" rating to a "buy" rating and boosted their target price for the stock from $65.00 to $125.00 in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $96.00.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the transaction, the chief financial officer now owns 63,555 shares of the company's stock, valued at $4,905,174.90. The trade was a 1.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,193,100.32. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,421 shares of company stock valued at $9,660,786 in the last three months. 13.98% of the stock is currently owned by corporate insiders.

Roku Stock Performance

Roku stock traded up $2.02 during midday trading on Friday, reaching $83.51. The stock had a trading volume of 3,053,372 shares, compared to its average volume of 3,707,244. The stock has a market capitalization of $12.19 billion, a P/E ratio of -93.83 and a beta of 2.05. The firm's fifty day simple moving average is $82.08 and its 200-day simple moving average is $75.88. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku 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.