Susquehanna Fundamental Investments LLC Purchases Shares of 55,413 Roku, Inc. (NASDAQ:ROKU)

Susquehanna Fundamental Investments LLC acquired a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 55,413 shares of the company's stock, valued at approximately $4,119,000.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of Roku in the 4th quarter worth $30,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Roku in the fourth quarter valued at about $37,000. Harvest Fund Management Co. Ltd lifted its position in shares of Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after purchasing an additional 491 shares in the last quarter. Finally, Allianz SE bought a new position in shares of Roku during the fourth quarter valued at about $39,000. Institutional investors own 86.30% of the company's stock.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now owns 68,843 shares in the company, valued at approximately $5,163,225. This represents a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total transaction of $561,913.25. Following the completion of the sale, the insider now owns 7,380 shares in the company, valued at $577,485. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,905 shares of company stock worth $6,560,876. 13.98% of the stock is currently owned by company insiders.

Roku Stock Performance

Shares of Roku stock opened at $68.14 on Tuesday. The company's 50 day moving average price is $70.51 and its 200-day moving average price is $75.45. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of -76.56 and a beta of 2.17.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. As a group, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ROKU shares. Citizens Jmp raised Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. UBS Group decreased their price objective on shares of Roku from $90.00 to $72.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. JMP Securities reiterated a "market outperform" rating and issued a $95.00 target price on shares of Roku in a research note on Thursday, April 24th. Jefferies Financial Group upgraded shares of Roku from an "underperform" rating to a "hold" rating and raised their price target for the stock from $55.00 to $100.00 in a research note on Thursday, February 20th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Roku presently has an average rating of "Moderate Buy" and a consensus target price of $89.93.

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.

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