NINE MASTS CAPITAL Ltd Invests $11.47 Million in Roku, Inc. $ROKU

NINE MASTS CAPITAL Ltd purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 83,000 shares of the company’s stock, valued at approximately $11,466,000. Roku comprises approximately 1.2% of NINE MASTS CAPITAL Ltd’s portfolio, making the stock its 15th largest holding. NINE MASTS CAPITAL Ltd owned about 0.06% of Roku at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in Roku in the 2nd quarter valued at $7,363,000. Boussard & Gavaudan Gestion Sas bought a new stake in shares of Roku during the second quarter worth $10,499,000. North Star Asset Management Inc. purchased a new stake in shares of Roku during the second quarter valued at $207,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Roku during the second quarter valued at $11,369,000. Finally, Monetta Financial Services Inc. bought a new position in shares of Roku in the second quarter worth about $2,072,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Activity

In other Roku news, insider Mustafa Ozgen sold 10,194 shares of Roku stock in a transaction on Friday, June 12th. The shares were sold at an average price of $144.00, for a total value of $1,467,936.00. Following the transaction, the insider directly owned 19,185 shares of the company’s stock, valued at approximately $2,762,640. The trade was a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 20,538 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $142.51, for a total value of $2,926,870.38. Following the transaction, the insider directly owned 15,200 shares in the company, valued at approximately $2,166,152. The trade was a 57.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 160,452 shares of company stock worth $21,794,802 over the last 90 days. 13.45% of the stock is currently owned by insiders.

Roku Price Performance

Shares of ROKU stock opened at $157.68 on Monday. The stock’s 50-day moving average is $146.41 and its 200 day moving average is $122.54. Roku, Inc. has a 1-year low of $78.53 and a 1-year high of $159.89. The company has a market cap of $23.40 billion, a P/E ratio of 67.38 and a beta of 2.01.

Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, August 5th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.47. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, analysts anticipate that Roku, Inc. will post 2.85 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ROKU. Fox Advisors set a $157.00 price target on shares of Roku in a research note on Friday, July 17th. Needham & Company LLC reissued a “buy” rating on shares of Roku in a research report on Friday, August 7th. Citizens Jmp downgraded shares of Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday, June 16th. JPMorgan Chase & Co. assumed coverage on shares of Roku in a research report on Monday, August 24th. They set a “neutral” rating and a $160.00 target price on the stock. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $160.00 price target on shares of Roku in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $156.17.

Roku Company Profile

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.