StoneX Group Inc. Buys New Shares in Roku, Inc. (NASDAQ:ROKU)

StoneX Group Inc. acquired a new stake in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,299 shares of the company’s stock, valued at approximately $766,000.

Several other institutional investors have also modified their holdings of the company. Entropy Technologies LP boosted its stake in shares of Roku by 264.4% during the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after buying an additional 18,520 shares during the period. National Bank of Canada FI lifted its position in Roku by 11,626.3% during the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after acquiring an additional 149,514 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Roku by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock valued at $73,661,000 after purchasing an additional 34,898 shares during the last quarter. Achmea Investment Management B.V. increased its holdings in shares of Roku by 146.4% in the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company’s stock valued at $756,000 after purchasing an additional 6,042 shares during the period. Finally, Oak Thistle LLC purchased a new stake in shares of Roku during the fourth quarter worth approximately $823,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the topic of several recent research reports. Benchmark boosted their price objective on shares of Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Loop Capital increased their price target on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. FBN Securities started coverage on shares of Roku in a research report on Friday, March 28th. They issued an “outperform” rating and a $93.00 price objective for the company. Citigroup raised Roku from a “neutral” rating to an “outperform” rating in a research note on Sunday, March 23rd. Finally, Jefferies Financial Group upgraded Roku from an “underperform” rating to a “hold” rating and lifted their price target for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.55.

Insider Buying and Selling at Roku

In other Roku news, CFO Dan Jedda sold 5,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the transaction, the chief financial officer now owns 58,555 shares of the company’s stock, valued at $5,878,922. This represents a 7.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,243 shares of the company’s stock, valued at approximately $468,225. This represents a 42.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,905 shares of company stock worth $8,632,306. Corporate insiders own 13.98% of the company’s stock.

Roku Stock Performance

ROKU stock opened at $71.42 on Thursday. The stock’s 50 day moving average price is $80.64 and its 200 day moving average price is $77.62. The firm has a market cap of $10.42 billion, a P/E ratio of -80.25 and a beta of 2.17. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. On average, research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

About Roku

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.