Fieldview Capital Management LLC Purchases New Shares in Roku, Inc. $ROKU

Fieldview Capital Management LLC purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,246 shares of the company’s stock, valued at approximately $1,871,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Apollon Wealth Management LLC increased its stake in Roku by 1.5% in the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock worth $700,000 after purchasing an additional 96 shares during the period. Thoroughbred Financial Services LLC increased its stake in Roku by 1.0% in the third quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock worth $995,000 after purchasing an additional 100 shares during the period. Quarry LP increased its stake in Roku by 21.7% in the fourth quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after purchasing an additional 123 shares during the period. Swiss Life Asset Management Ltd increased its stake in Roku by 2.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after purchasing an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Roku by 3.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock worth $398,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wells Fargo & Company increased their target price on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Needham & Company LLC increased their target price on Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. UBS Group set a $170.00 target price on Roku in a research note on Thursday, May 28th. Jefferies Financial Group increased their target price on Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Finally, Zacks Research lowered Roku from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Twenty-two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.96.

Roku Trading Up 20.1%

Shares of Roku stock opened at $143.66 on Friday. The firm has a market cap of $21.18 billion, a P/E ratio of 108.02 and a beta of 2.06. Roku, Inc. has a 12 month low of $73.91 and a 12 month high of $148.88. The stock’s fifty day moving average price is $118.73 and its 200-day moving average price is $106.23.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.34 by $0.23. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) earnings per share. Analysts forecast that Roku, Inc. will post 2.41 earnings per share for the current year.

Insider Activity

In other news, insider Charles Collier sold 205,821 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the transaction, the insider owned 11,131 shares in the company, valued at approximately $1,168,755. This trade represents a 94.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $128.79, for a total value of $9,659,250.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 721,194 shares of company stock worth $82,169,949. Company insiders own 13.45% of the company’s stock.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
• Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
• Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.