Calamos Advisors LLC Acquires 51,627 Shares of Roku, Inc. $ROKU

Calamos Advisors LLC increased its holdings in Roku, Inc. (NASDAQ:ROKU) by 15.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 376,627 shares of the company’s stock after purchasing an additional 51,627 shares during the period. Calamos Advisors LLC’s holdings in Roku were worth $57,353,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Signature Equity Partners LLC lifted its stake in Roku by 1,225.0% during the third quarter. Signature Equity Partners LLC now owns 212 shares of the company’s stock worth $32,000 after purchasing an additional 196 shares during the period. CX Institutional grew its stake in shares of Roku by 44.1% in the 3rd quarter. CX Institutional now owns 281 shares of the company’s stock valued at $43,000 after purchasing an additional 86 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Roku in the 3rd quarter valued at approximately $46,000. Elevation Wealth Partners LLC raised its holdings in shares of Roku by 208.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock worth $44,000 after buying an additional 215 shares in the last quarter. Finally, WPG Advisers LLC raised its holdings in shares of Roku by 96.8% in the 1st quarter. WPG Advisers LLC now owns 561 shares of the company’s stock worth $53,000 after buying an additional 276 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling

In related news, CAO Matthew C. Banks sold 552 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $157.44, for a total transaction of $86,906.88. Following the transaction, the chief accounting officer owned 7,016 shares in the company, valued at $1,104,599.04. This represents a 7.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gilbert Fuchsberg sold 4,824 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $155.64, for a total transaction of $750,807.36. Following the sale, the insider directly owned 40,168 shares in the company, valued at approximately $6,251,747.52. This represents a 10.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 88,028 shares of company stock valued at $13,645,922 in the last 90 days. 13.45% of the stock is owned by corporate insiders.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Fox completed its reported $22 billion acquisition of Roku, combining Roku’s streaming platform with Fox’s media and advertising business. Fox expects the transaction to create more opportunities to reach audiences and serve advertising partners, while also expanding the reach of its sports and news programming. Fox completes its $22B acquisition of Roku
• Neutral Sentiment: The acquisition’s completion means Roku will no longer trade on Nasdaq as of Friday. Investors should view ROKU’s immediate trading implications in light of the completed transaction, rather than solely as a bet on Roku’s future as an independent company. Fox Corp. Closes $22B Acquisition Of Roku
• Neutral Sentiment: Roku head Charlie Collier and Tubi CEO Anjali Sud are departing, with Paul Cheesbrough named CEO of Fox Digital Platforms. The leadership changes signal a reshaping of Fox’s combined digital operation, though the reports provide no details on the expected financial impact. Fox Digital Platforms leadership changes

Analysts Set New Price Targets

Several analysts recently commented on ROKU shares. Fox Advisors set a $157.00 price target on Roku in a research note on Friday, July 17th. Rosenblatt Securities lowered Roku from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a research note on Tuesday. UBS Group lifted their price objective on Roku from $126.00 to $172.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Guggenheim downgraded shares of Roku from a “buy” rating to a “neutral” rating and boosted their target price for the company from $145.00 to $160.00 in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of Roku from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eighteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $156.17.

Roku Stock Performance

Shares of NASDAQ ROKU traded up $0.15 during mid-day trading on Friday, hitting $160.52. 11,519,211 shares of the stock were exchanged, compared to its average volume of 2,390,983. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $163.57. The stock’s fifty day simple moving average is $155.33 and its two-hundred day simple moving average is $128.92. The company has a market cap of $23.82 billion, a P/E ratio of 47.49 and a beta of 2.12.

Roku (NASDAQ:ROKU) last announced its earnings results on Monday, November 2nd. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.55 by $0.65. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.41 billion. Roku had a return on equity of 19.19% and a net margin of 9.34%. Roku’s revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. As a group, equities research analysts predict that Roku, Inc. will post 3.28 earnings per share for the current fiscal year.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) operates a television streaming platform that connects consumers with digital entertainment. The company develops and licenses Roku OS, an operating system for smart televisions and streaming devices, and offers Roku-branded streaming players, Roku TVs, audio products and related accessories.

Roku also operates a platform business that distributes streaming content through its interface and supports content discovery, subscriptions and digital advertising. Its services include The Roku Channel, which provides a selection of ad-supported and premium entertainment, as well as tools that enable content providers and advertisers to reach streaming audiences.

Founded in 2002 by Anthony Wood, Roku initially became known for its streaming players and later expanded through partnerships with television manufacturers.