Zurcher Kantonalbank Zurich Cantonalbank Has $2.15 Million Stake in Roku, Inc. (NASDAQ:ROKU)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Roku, Inc. (NASDAQ:ROKU) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,413 shares of the company’s stock after buying an additional 3,829 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Roku were worth $2,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new position in Roku in the fourth quarter valued at about $29,000. Federated Hermes Inc. acquired a new stake in shares of Roku during the third quarter worth about $37,000. Headinvest LLC acquired a new stake in shares of Roku during the third quarter worth about $42,000. Allspring Global Investments Holdings LLC raised its position in shares of Roku by 1,822.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 596 shares of the company’s stock worth $55,000 after purchasing an additional 565 shares during the period. Finally, Spire Wealth Management raised its position in shares of Roku by 35.3% during the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wedbush dropped their price target on Roku from $120.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. Susquehanna raised their price target on Roku from $100.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, February 16th. Stephens reaffirmed an “overweight” rating and set a $105.00 price target on shares of Roku in a research report on Friday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Roku in a research report on Wednesday, February 21st. Finally, Morgan Stanley decreased their price objective on Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, April 5th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.76.

Roku Trading Up 5.4 %

Shares of NASDAQ ROKU opened at $61.74 on Wednesday. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84. The stock has a 50 day moving average of $64.33 and a 200-day moving average of $78.82. The company has a market capitalization of $8.86 billion, a P/E ratio of -12.30 and a beta of 1.66.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 15th. The company reported ($0.55) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.10. Roku had a negative return on equity of 29.21% and a negative net margin of 20.36%. The company had revenue of $984.40 million during the quarter, compared to the consensus estimate of $967.72 million. During the same period in the previous year, the company posted ($1.70) EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Analysts predict that Roku, Inc. will post -2.12 EPS for the current fiscal year.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 4,310 shares of Roku stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the completion of the transaction, the senior vice president now directly owns 81,459 shares in the company, valued at approximately $5,148,208.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Stephen H. Kay sold 4,310 shares of Roku stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the completion of the sale, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at approximately $5,148,208.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the sale, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The disclosure for this sale can be found here. In the last three months, insiders sold 54,545 shares of company stock worth $4,364,035. 13.63% of the stock is owned by company insiders.

Roku Company 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.