United Advisor Group LLC Invests $1.07 Million in Roku, Inc. (NASDAQ:ROKU)

United Advisor Group LLC purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,300 shares of the company’s stock, valued at approximately $1,068,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Roku in the 3rd quarter valued at about $43,000. Geneos Wealth Management Inc. lifted its holdings in Roku by 835.6% during the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after purchasing an additional 610 shares during the last quarter. Cedar Wealth Management LLC bought a new position in Roku during the second quarter worth about $48,000. Finally, Natixis purchased a new position in shares of Roku in the first quarter worth about $53,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the transaction, the chief financial officer now directly owns 54,267 shares of the company’s stock, valued at approximately $4,087,933.11. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Charles Collier sold 15,454 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the completion of the sale, the insider now owns 200 shares of the company’s stock, valued at approximately $15,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the transaction, the chief financial officer now directly owns 54,267 shares in the company, valued at $4,087,933.11. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,776 shares of company stock valued at $5,267,305 over the last quarter. 13.98% of the stock is owned by corporate insiders.

Roku Price Performance

Shares of Roku stock opened at $67.18 on Tuesday. The stock has a 50 day moving average of $73.17 and a 200 day moving average of $63.85. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $108.84.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Roku’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned ($2.33) EPS. As a group, analysts forecast that Roku, Inc. will post -1.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ROKU has been the subject of several analyst reports. Macquarie reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Roku in a report on Thursday, October 31st. Loop Capital lifted their target price on Roku from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Friday, August 23rd. Wedbush upped their price objective on shares of Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Piper Sandler lifted their target price on shares of Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $83.95.

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.