SteelPeak Wealth LLC Makes New $258,000 Investment in Roku, Inc. (NASDAQ:ROKU)

SteelPeak Wealth LLC bought a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,471 shares of the company's stock, valued at approximately $258,000.

Several other large investors also recently modified their holdings of the stock. PFG Investments LLC grew its holdings in Roku by 4.9% during the fourth quarter. PFG Investments LLC now owns 4,361 shares of the company's stock valued at $324,000 after purchasing an additional 204 shares during the period. Jacksonville Wealth Management LLC purchased a new position in shares of Roku during the 4th quarter valued at $346,000. Geneos Wealth Management Inc. grew its stake in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after acquiring an additional 270 shares during the period. Fifth Third Bancorp increased its holdings in Roku by 24.9% in the 4th quarter. Fifth Third Bancorp now owns 1,119 shares of the company's stock worth $83,000 after acquiring an additional 223 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in Roku by 11.9% in the 4th quarter. Avior Wealth Management LLC now owns 7,180 shares of the company's stock valued at $534,000 after acquiring an additional 762 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ROKU shares. Morgan Stanley increased their target price on shares of Roku from $60.00 to $65.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Wedbush reiterated an "outperform" rating and issued a $100.00 price objective on shares of Roku in a research note on Wednesday, January 8th. Robert W. Baird raised shares of Roku from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $70.00 to $90.00 in a report on Monday, November 18th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price target on shares of Roku in a research report on Tuesday, January 7th. Finally, Piper Sandler boosted their price objective on Roku from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.18.

Insider Activity

In other news, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now owns 65,555 shares in the company, valued at approximately $4,916,625. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the transaction, the chief accounting officer now directly owns 7,264 shares in the company, valued at approximately $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,885 shares of company stock valued at $5,712,912. 13.98% of the stock is currently owned by insiders.

Roku Price Performance

Shares of NASDAQ ROKU opened at $82.76 on Friday. The stock has a market capitalization of $12.02 billion, a P/E ratio of -68.97 and a beta of 2.05. Roku, Inc. has a one year low of $48.33 and a one year high of $99.80. The firm's 50 day simple moving average is $78.48 and its two-hundred day simple moving average is $72.02.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($2.33) EPS. As a group, equities analysts expect that Roku, Inc. will post -1.09 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.