Garde Capital Inc. Makes New $144,000 Investment in Roku, Inc. (NASDAQ:ROKU)

Garde Capital Inc. bought a new position in Roku, Inc. (NASDAQ:ROKU) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,192 shares of the company’s stock, valued at approximately $144,000.

Other large investors have also bought and sold shares of the company. MetLife Investment Management LLC bought a new stake in Roku during the first quarter valued at approximately $955,000. Synovus Financial Corp grew its position in Roku by 45.2% during the first quarter. Synovus Financial Corp now owns 3,501 shares of the company’s stock valued at $448,000 after buying an additional 1,090 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Roku by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 94,224 shares of the company’s stock worth $11,806,000 after purchasing an additional 2,130 shares during the period. Cetera Investment Advisers boosted its position in shares of Roku by 32.5% in the first quarter. Cetera Investment Advisers now owns 10,620 shares of the company’s stock worth $1,330,000 after purchasing an additional 2,605 shares during the period. Finally, Brighton Jones LLC boosted its position in shares of Roku by 8.6% in the first quarter. Brighton Jones LLC now owns 1,874 shares of the company’s stock worth $235,000 after purchasing an additional 148 shares during the period. 69.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 1,259 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $82.69, for a total value of $104,106.71. Following the completion of the transaction, the chief accounting officer now directly owns 6,017 shares in the company, valued at approximately $497,545.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Matthew C. Banks sold 1,259 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $82.69, for a total value of $104,106.71. Following the completion of the sale, the chief accounting officer now owns 6,017 shares of the company’s stock, valued at approximately $497,545.73. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mustafa Ozgen sold 2,390 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $82.69, for a total transaction of $197,629.10. Following the completion of the sale, the insider now directly owns 31,340 shares of the company’s stock, valued at approximately $2,591,504.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,032 shares of company stock worth $1,459,547. Company insiders own 13.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Benchmark upped their price target on shares of Roku from $89.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Piper Sandler upped their price target on shares of Roku from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, July 14th. Rosenblatt Securities upped their price target on shares of Roku from $70.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, September 7th. Pivotal Research upped their target price on shares of Roku from $53.00 to $58.00 and gave the stock a “sell” rating in a research report on Friday, July 28th. Finally, Wedbush upped their target price on shares of Roku from $93.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Roku currently has a consensus rating of “Hold” and an average price target of $82.17.

Roku Trading Down 1.8 %

NASDAQ ROKU traded down $1.46 on Wednesday, hitting $79.84. 2,492,474 shares of the company’s stock traded hands, compared to its average volume of 8,233,598. Roku, Inc. has a 1-year low of $38.26 and a 1-year high of $98.44. The firm’s 50-day moving average price is $79.18 and its two-hundred day moving average price is $67.73. The firm has a market capitalization of $11.30 billion, a PE ratio of -17.22 and a beta of 1.76.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, July 27th. The company reported ($0.76) EPS for the quarter, beating the consensus estimate of ($1.28) by $0.52. Roku had a negative net margin of 20.54% and a negative return on equity of 25.15%. The business had revenue of $847.20 million during the quarter, compared to analysts’ expectations of $774.65 million. During the same period in the previous year, the business posted ($0.82) EPS. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, research analysts anticipate that Roku, Inc. will post -4.52 earnings per share for the current fiscal year.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.