Ladenburg Thalmann Financial Services Inc. Acquires 7,474 Shares of Roku, Inc. (ROKU)

Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 1,149.8% in the 4th quarter, Holdings Channel reports. The firm owned 8,124 shares of the company’s stock after acquiring an additional 7,474 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Roku were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Roku during the third quarter worth $3,784,000. IFC Holdings Incorporated FL purchased a new position in shares of Roku during the fourth quarter worth $517,000. Wasatch Advisors Inc. purchased a new position in shares of Roku during the fourth quarter worth $2,589,000. Kessler Investment Group LLC purchased a new position in shares of Roku during the fourth quarter worth $254,000. Finally, Sei Investments Co. purchased a new position in shares of Roku during the third quarter worth $544,000. 10.29% of the stock is owned by hedge funds and other institutional investors.

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In other news, VP Chas Smith sold 120,000 shares of Roku stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $33.34, for a total value of $4,000,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Scott A. Rosenberg sold 25,000 shares of Roku stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $30.46, for a total transaction of $761,500.00. The disclosure for this sale can be found here. Insiders sold 1,777,131 shares of company stock valued at $58,524,942 in the last ninety days.

Several brokerages recently issued reports on ROKU. Zacks Investment Research raised shares of Roku from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Wednesday, January 10th. Royal Bank of Canada lifted their price objective on shares of Roku to $45.00 and gave the company a “sector perform” rating in a report on Thursday, February 22nd. Vetr cut shares of Roku from a “strong-buy” rating to a “hold” rating and set a $47.12 price objective for the company. in a report on Thursday, February 8th. Morgan Stanley reaffirmed an “underweight” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Roku in a report on Thursday, February 22nd. Finally, Citigroup lifted their price objective on shares of Roku from $28.00 to $33.00 and gave the company a “sell” rating in a report on Thursday, February 22nd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $40.36.

ROKU opened at $31.36 on Friday. Roku, Inc. has a fifty-two week low of $15.75 and a fifty-two week high of $58.80. The firm has a market capitalization of $3,162.31 and a price-to-earnings ratio of -14.00.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.17. The firm had revenue of $188.30 million during the quarter, compared to analysts’ expectations of $182.54 million. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. equities research analysts expect that Roku, Inc. will post -0.47 EPS for the current fiscal 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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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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