Wasatch Advisors Inc. purchased a new position in shares of Roku Inc (NASDAQ:ROKU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the company’s stock, valued at approximately $2,589,000. Wasatch Advisors Inc. owned approximately 0.05% of Roku as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in ROKU. OxFORD Asset Management LLP purchased a new stake in Roku during the 3rd quarter worth approximately $12,899,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Roku in the 3rd quarter valued at approximately $11,920,000. Dragoneer Investment Group LLC bought a new stake in shares of Roku in the 3rd quarter valued at approximately $9,554,000. Jane Street Group LLC bought a new stake in shares of Roku in the 3rd quarter valued at approximately $3,784,000. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of Roku in the 3rd quarter valued at approximately $2,650,000. 23.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Roku Inc (NASDAQ ROKU) traded down $1.24 during trading on Friday, hitting $42.46. The stock had a trading volume of 3,590,670 shares, compared to its average volume of 3,766,461. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of -0.09. Roku Inc has a twelve month low of $15.75 and a twelve month high of $58.80.
Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.68) by $1.58. The firm had revenue of $124.80 million during the quarter, compared to analyst estimates of $110.47 million. The business’s revenue for the quarter was up 40.1% compared to the same quarter last year. equities analysts anticipate that Roku Inc will post -2.32 earnings per share for the current fiscal year.
A number of research analysts recently commented on ROKU shares. Morgan Stanley started coverage on Roku in a research note on Monday, October 23rd. They set an “equal weight” rating and a $22.00 price objective for the company. Royal Bank of Canada started coverage on Roku in a research note on Monday, October 23rd. They set a “sector perform” rating and a $26.00 price objective for the company. Needham & Company LLC started coverage on Roku in a research note on Monday, October 23rd. They set a “buy” rating and a $28.00 price objective for the company. Citigroup initiated coverage on Roku in a research note on Monday, October 23rd. They set a “neutral” rating and a $24.00 price objective for the company. Finally, Oppenheimer initiated coverage on Roku in a research report on Monday, October 23rd. They set a “market perform” rating and a $26.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $35.16.
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Roku Company Profile
Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.
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