RMB Capital Management LLC Lowers Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

RMB Capital Management LLC lowered its position in shares of Roku, Inc. (NASDAQ:ROKUGet Rating) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,040 shares of the company’s stock after selling 256 shares during the period. RMB Capital Management LLC’s holdings in Roku were worth $882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROKU. Lindbrook Capital LLC boosted its holdings in Roku by 156.5% in the 1st quarter. Lindbrook Capital LLC now owns 218 shares of the company’s stock valued at $27,000 after purchasing an additional 133 shares during the period. Credit Agricole S A grew its position in Roku by 60.0% during the fourth quarter. Credit Agricole S A now owns 168 shares of the company’s stock worth $38,000 after buying an additional 63 shares in the last quarter. West Oak Capital LLC purchased a new stake in shares of Roku in the 1st quarter valued at about $38,000. Bank of New Hampshire bought a new position in shares of Roku in the first quarter worth approximately $40,000. Finally, SOA Wealth Advisors LLC. raised its stake in Roku by 392.0% in the first quarter. SOA Wealth Advisors LLC. now owns 369 shares of the company’s stock valued at $46,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 68.77% of the company’s stock.

Insider Buying and Selling at Roku

In other news, SVP Stephen H. Kay sold 668 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $93.41, for a total value of $62,397.88. Following the sale, the senior vice president now directly owns 78,549 shares of the company’s stock, valued at approximately $7,337,262.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Scott A. Rosenberg sold 1,957 shares of Roku stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $93.41, for a total transaction of $182,803.37. Following the completion of the transaction, the vice president now directly owns 78,676 shares in the company, valued at $7,349,125.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen H. Kay sold 668 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total value of $62,397.88. Following the completion of the sale, the senior vice president now owns 78,549 shares in the company, valued at approximately $7,337,262.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,598 shares of company stock valued at $742,501. 15.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ROKU shares. Wolfe Research lowered shares of Roku from a “market perform” rating to an “underperform” rating and set a $77.00 price target on the stock. in a report on Tuesday, July 26th. Rosenblatt Securities initiated coverage on Roku in a research report on Tuesday, April 19th. They set a “buy” rating and a $188.00 price target on the stock. Guggenheim lowered their price objective on shares of Roku from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, July 12th. Oppenheimer lowered their price target on shares of Roku from $185.00 to $155.00 in a research note on Friday, April 29th. Finally, Benchmark cut their price target on shares of Roku from $240.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $141.15.

Roku Price Performance

ROKU stock opened at $82.26 on Friday. Roku, Inc. has a 1 year low of $62.00 and a 1 year high of $412.00. The firm has a 50-day moving average of $86.94 and a 200 day moving average of $109.56. The company has a market cap of $11.18 billion, a P/E ratio of -228.50 and a beta of 1.73.

Roku (NASDAQ:ROKUGet Rating) last announced its earnings results on Thursday, July 28th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.76) by ($0.06). Roku had a negative return on equity of 1.66% and a negative net margin of 1.51%. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $804.64 million. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. On average, equities research analysts expect that Roku, Inc. will post -3.15 earnings per share for the current fiscal year.

Roku Company Profile

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Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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