Ontario Teachers Pension Plan Board Acquires 4,317 Shares of Roku, Inc. (NASDAQ:ROKU)

Ontario Teachers Pension Plan Board raised its position in Roku, Inc. (NASDAQ:ROKU) by 35.2% during the 1st quarter, HoldingsChannel reports. The fund owned 16,582 shares of the company’s stock after buying an additional 4,317 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Roku were worth $1,081,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in shares of Roku by 8.2% during the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after purchasing an additional 551 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Roku in the 4th quarter valued at $29,000. IFM Investors Pty Ltd raised its stake in Roku by 3.8% in the 4th quarter. IFM Investors Pty Ltd now owns 22,576 shares of the company’s stock valued at $2,069,000 after acquiring an additional 831 shares during the period. SG Americas Securities LLC grew its holdings in Roku by 58.1% in the 4th quarter. SG Americas Securities LLC now owns 34,404 shares of the company’s stock valued at $3,153,000 after buying an additional 12,640 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Roku by 814.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 270,888 shares of the company’s stock valued at $24,830,000 after buying an additional 241,255 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Roku in a report on Thursday, June 27th. Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Jefferies Financial Group assumed coverage on Roku in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $50.00 price objective on the stock. Susquehanna reduced their price objective on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research note on Monday, April 29th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $65.00 price objective (down from $81.00) on shares of Roku in a research note on Friday, April 26th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $82.50.

Insider Buying and Selling at Roku

In other Roku news, Director Mai Fyfield sold 650 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $57.88, for a total value of $37,622.00. Following the completion of the sale, the director now owns 3,259 shares in the company, valued at $188,630.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Charles Collier sold 7,181 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total transaction of $409,532.43. Following the completion of the transaction, the insider now owns 15,654 shares in the company, valued at $892,747.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mai Fyfield sold 650 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $57.88, for a total value of $37,622.00. Following the transaction, the director now owns 3,259 shares of the company’s stock, valued at approximately $188,630.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,281 shares of company stock worth $1,567,805. 13.98% of the stock is currently owned by insiders.

Roku Trading Down 0.8 %

Shares of NASDAQ ROKU traded down $0.50 during midday trading on Monday, hitting $62.05. 2,625,630 shares of the company’s stock were exchanged, compared to its average volume of 4,804,656. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -15.53 and a beta of 1.96. The business’s fifty day moving average price is $58.77 and its two-hundred day moving average price is $67.13. Roku, Inc. has a 12-month low of $51.51 and a 12-month high of $108.84.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business had revenue of $881.50 million during the quarter, compared to analyst estimates of $843.54 million. During the same quarter in the prior year, the firm earned ($1.38) earnings per share. Roku’s revenue for the quarter was up 19.0% on a year-over-year basis. Equities analysts expect that Roku, Inc. will post -1.94 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.