Marathon Trading Investment Management LLC purchased a new stake in Roku Inc (NASDAQ:ROKU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,713 shares of the company’s stock, valued at approximately $606,000.
Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Roku in the fourth quarter valued at approximately $130,000. MYDA Advisors LLC acquired a new stake in Roku during the 4th quarter worth $207,000. Oppenheimer Asset Management Inc. acquired a new stake in Roku during the 3rd quarter worth $216,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Roku during the 4th quarter worth $247,000. Finally, Kessler Investment Group LLC acquired a new stake in Roku during the 4th quarter worth $254,000. 10.47% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on ROKU. Morgan Stanley lowered shares of Roku from an “equal weight” rating to an “underweight” rating and set a $25.00 target price for the company. in a report on Thursday, January 4th. Vetr lowered shares of Roku from a “sell” rating to a “strong sell” rating and set a $48.47 target price for the company. in a report on Wednesday, January 3rd. Citigroup lowered shares of Roku from a “neutral” rating to a “sell” rating and set a $24.00 target price for the company. in a report on Friday, January 5th. Zacks Investment Research raised shares of Roku from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Thursday, January 4th. Finally, Royal Bank of Canada lifted their target price on shares of Roku to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 22nd. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.36.
Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, February 21st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.17. The business had revenue of $188.30 million for the quarter, compared to analyst estimates of $182.54 million. The business’s revenue was up 27.8% on a year-over-year basis. equities research analysts forecast that Roku Inc will post -0.5 earnings per share for the current fiscal year.
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Roku Company Profile
Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.
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