Benjamin Edwards Inc. Cuts Stock Holdings in Roku, Inc. $ROKU

Benjamin Edwards Inc. trimmed its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 20.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,281 shares of the company’s stock after selling 7,070 shares during the period. Benjamin Edwards Inc.’s holdings in Roku were worth $3,068,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after buying an additional 204 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in Roku during the 4th quarter valued at about $26,000. WPG Advisers LLC acquired a new stake in Roku in the fourth quarter valued at approximately $31,000. Westfuller Advisors LLC acquired a new stake in Roku in the third quarter valued at approximately $30,000. Finally, Root Financial Partners LLC acquired a new stake in Roku in the third quarter valued at approximately $33,000. Institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

ROKU has been the topic of a number of recent analyst reports. UBS Group restated an “outperform” rating and set a $145.00 price target on shares of Roku in a research note on Friday. Needham & Company LLC increased their price target on shares of Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and set a $150.00 price target on shares of Roku in a report on Friday. Moffett Nathanson restated a “neutral” rating and set a $100.00 price objective on shares of Roku in a research report on Friday, February 13th. Finally, Evercore reiterated an “outperform” rating and issued a $150.00 target price on shares of Roku in a research report on Friday, February 13th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and an average target price of $142.17.

Insider Activity

In other Roku news, insider Gilbert Fuchsberg sold 9,593 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $125.52, for a total value of $1,204,113.36. Following the transaction, the insider directly owned 50,863 shares of the company’s stock, valued at approximately $6,384,323.76. The trade was a 15.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $99.68, for a total transaction of $4,984,000.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 663,038 shares of company stock valued at $70,956,545. 13.45% of the stock is owned by corporate insiders.

Roku Trading Down 1.3%

Shares of ROKU opened at $124.44 on Wednesday. Roku, Inc. has a twelve month low of $58.77 and a twelve month high of $127.90. The firm’s fifty day simple moving average is $101.11 and its 200-day simple moving average is $101.06. The firm has a market capitalization of $18.35 billion, a price-to-earnings ratio of 93.57 and a beta of 2.04.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.23. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) EPS. On average, analysts predict that Roku, Inc. will post 2.28 earnings per share for the current fiscal year.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Q1 beat and strong platform metrics — Roku reported a quarter that topped estimates with platform revenue and EPS upside, plus record free cash flow, which fueled recent share gains. ROKU Shares Rise 6% on Q1 Earnings Beat
• Positive Sentiment: Content/platform expansion — Roku continues to add free channels (recent reports cite 15–34 new free channels), which can boost engagement and ad inventory over time. Roku just added 15 more free live streaming channels
• Neutral Sentiment: Insider selling under 10b5‑1 plans — Several insiders (including Charles Collier, Neil Hunt, Gilbert Fuchsberg and the CAO) disclosed sales totaling millions of dollars; trades were executed under pre‑arranged Rule 10b5‑1 plans, which reduces informational concern but can still pressure sentiment. SEC Form 4 (Collier)
• Neutral Sentiment: Analyst/street positioning — Citi raised its price target to $120 but kept a neutral rating; other outlets highlight Roku as a momentum/growth stock after the quarter. Mixed analyst notes can cap near-term upside. Citigroup price-target note
• Negative Sentiment: Class-action lawsuit/allegations of “bricking” TVs — Multiple outlets report a proposed suit accusing Roku (and TCL) of releasing software updates that allegedly rendered TVs unusable. Legal exposure, potential remediation costs and reputational damage are near-term risks. Proposed Class Action Suit Claims Faulty Roku, TCL Software Updates ‘Bricked’ TVs

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.