Jefferies Financial Group Inc. Purchases New Shares in Roku, Inc. $ROKU

Jefferies Financial Group Inc. purchased a new stake in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,400 shares of the company’s stock, valued at approximately $1,345,000.

A number of other institutional investors have also recently added to or reduced their stakes in ROKU. Blue Trust Inc. grew its stake in Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares during the period. Aventura Private Wealth LLC acquired a new stake in Roku in the 4th quarter valued at $26,000. WPG Advisers LLC acquired a new stake in Roku in the 4th quarter valued at $31,000. Rakuten Securities Inc. grew its stake in Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after acquiring an additional 158 shares during the period. Finally, Cornerstone Planning Group LLC grew its stake in Roku by 20,450.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock valued at $41,000 after acquiring an additional 409 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling

In other news, insider Gilbert Fuchsberg sold 9,593 shares of Roku stock in a transaction on Friday, May 1st. The stock was sold at an average price of $125.52, for a total transaction of $1,204,113.36. Following the transaction, the insider owned 50,863 shares in the company, valued at $6,384,323.76. The trade was a 15.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,821 shares of Roku stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total value of $21,611,205.00. Following the transaction, the insider owned 11,131 shares in the company, valued at approximately $1,168,755. This represents a 94.87% 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. Insiders have sold 692,038 shares of company stock worth $76,667,575 in the last quarter. 13.45% of the stock is currently owned by insiders.

Roku Stock Down 0.6%

NASDAQ ROKU opened at $131.09 on Friday. Roku, Inc. has a 52 week low of $71.20 and a 52 week high of $132.80. The business’s fifty day simple moving average is $111.65 and its 200-day simple moving average is $104.21. The firm has a market cap of $19.33 billion, a PE ratio of 98.56 and a beta of 2.04.

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

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating on Roku and set a $170 price target, implying meaningful upside from current levels. Benzinga article
• Positive Sentiment: Roku unveiled a major redesign of its TV home screen, calling it a smarter, more dynamic experience with better recommendations and faster access to content. That could improve engagement and help the company deepen its reach across more than 100 million streaming households. Yahoo Finance article
• Positive Sentiment: Other coverage highlighted Roku’s biggest home screen refresh in over a decade, reinforcing the view that the platform is still evolving and competing effectively in streaming. Deadline article
• Positive Sentiment: Retail and product-focused stories about Roku devices being discounted on Amazon suggest continued consumer interest in Roku-branded hardware, which can support ecosystem adoption. Kotaku article
• Neutral Sentiment: A note on short interest showed no meaningful change in the data provided, so it does not appear to be a major driver for the stock today.
• Neutral Sentiment: Commentary about Roku’s success not depending on being “cool” is mostly qualitative and unlikely to move the stock by itself. The Verge article

Analysts Set New Price Targets

ROKU has been the topic of a number of research reports. Jefferies Financial Group raised their price objective on Roku from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 13th. Piper Sandler raised their price objective on Roku from $140.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wedbush raised their price objective on Roku from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Robert W. Baird raised their price objective on Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Finally, Zacks Research lowered Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.46.

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.