Pier Capital LLC acquired a new position in Roku, Inc. (NASDAQ:ROKU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 54,800 shares of the company’s stock, valued at approximately $1,454,000. Pier Capital LLC owned 0.06% of Roku as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. Nationwide Fund Advisors bought a new position in Roku during the third quarter valued at about $1,009,000. Sei Investments Co. bought a new position in Roku during the third quarter valued at about $544,000. Gilder Gagnon Howe & Co. LLC bought a new position in Roku during the third quarter valued at about $11,920,000. SG Americas Securities LLC bought a new position in Roku during the third quarter valued at about $273,000. Finally, FNY Managed Accounts LLC bought a new position in Roku during the third quarter valued at about $599,000. Institutional investors and hedge funds own 23.28% of the company’s stock.
Several equities analysts recently issued reports on the company. Vetr upgraded Roku from a “buy” rating to a “strong-buy” rating and set a $50.90 price target on the stock in a research note on Wednesday, November 29th. UBS lowered Roku from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 14th. Oppenheimer reaffirmed an “underperform” rating on shares of Roku in a report on Tuesday, November 14th. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective (up from $28.00) on shares of Roku in a report on Monday, November 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $28.00 price objective (up from $26.00) on shares of Roku in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Roku presently has a consensus rating of “Hold” and a consensus target price of $34.32.
Roku, Inc. (NASDAQ ROKU) opened at $39.45 on Wednesday. The company has a debt-to-equity ratio of -0.09, a quick ratio of 1.11 and a current ratio of 1.36. Roku, Inc. has a 1-year low of $15.75 and a 1-year high of $51.80.
Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($1.68) by $1.58. The business had revenue of $124.80 million during the quarter, compared to analyst estimates of $110.47 million. Roku’s quarterly revenue was up 40.1% on a year-over-year basis. equities research analysts anticipate that Roku, Inc. will post -2.32 EPS for the current year.
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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