Jefferies Group LLC Acquires 46,905 Shares of Roku Inc (ROKU)
Jefferies Group LLC increased its holdings in Roku Inc (NASDAQ:ROKU) by 85.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,680 shares of the company’s stock after buying an additional 46,905 shares during the period. Jefferies Group LLC’s holdings in Roku were worth $7,426,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of ROKU. Tower Research Capital LLC TRC acquired a new position in shares of Roku in the 3rd quarter valued at $128,000. Stratos Wealth Partners LTD. acquired a new position in shares of Roku in the 3rd quarter valued at $130,000. Patten Group Inc. increased its position in shares of Roku by 671.5% in the 3rd quarter. Patten Group Inc. now owns 2,006 shares of the company’s stock valued at $146,000 after acquiring an additional 1,746 shares during the period. SevenBridge Financial Group LLC acquired a new position in shares of Roku in the 2nd quarter valued at $158,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Roku in the 3rd quarter valued at $168,000. 46.35% of the stock is currently owned by institutional investors and hedge funds.
ROKU has been the topic of several research reports. ValuEngine raised Roku from a “hold” rating to a “buy” rating in a research report on Wednesday, October 3rd. Cannonball Research upped their target price on Roku from $68.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, October 1st. Our analysis of the composition of advertising revenue growth gives us incremental comfort with our revenue forecast for FY18-20. It also supports our Buy thesis based on the belief that ROKU works only if the advertising revenue story works. We think that inventory sell through which has been a relatively small revenue driver so far can become more significant in the mid-term. Needham & Company LLC upped their target price on Roku from $60.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, October 1st. Guggenheim assumed coverage on shares of Roku in a report on Tuesday, September 4th. They issued a “buy” rating and a $74.00 price target on the stock. Finally, BidaskClub lowered shares of Roku from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $65.61.
NASDAQ:ROKU opened at $40.82 on Friday. Roku Inc has a one year low of $29.00 and a one year high of $77.57. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of -18.22 and a beta of 3.24.
Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. Roku had a negative net margin of 1.33% and a negative return on equity of 4.46%. The company had revenue of $173.40 million for the quarter, compared to analyst estimates of $170.73 million. During the same period in the prior year, the company earned ($0.10) earnings per share. The firm’s revenue was up 38.9% on a year-over-year basis. As a group, equities research analysts anticipate that Roku Inc will post -0.13 EPS for the current year.
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Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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