Benchmark Capital Advisors bought a new stake in Roku Inc (NASDAQ:ROKU) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 8,314 shares of the company’s stock, valued at approximately $430,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ROKU. Oppenheimer Asset Management Inc. acquired a new position in Roku in the third quarter valued at about $216,000. Kessler Investment Group LLC acquired a new position in Roku in the fourth quarter valued at about $254,000. Gabelli Funds LLC acquired a new position in Roku in the fourth quarter valued at about $259,000. SG Americas Securities LLC acquired a new position in Roku in the third quarter valued at about $273,000. Finally, DAVENPORT & Co LLC acquired a new position in Roku in the fourth quarter valued at about $324,000. 23.46% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on ROKU shares. Needham & Company LLC started coverage on shares of Roku in a research report on Monday, October 23rd. They set a “buy” rating and a $28.00 price target on the stock. Vetr cut shares of Roku from a “strong-buy” rating to a “buy” rating and set a $43.26 price target on the stock. in a research report on Monday, November 27th. Zacks Investment Research raised shares of Roku from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday, January 4th. Finally, Morgan Stanley increased their price target on shares of Roku from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Roku presently has an average rating of “Hold” and a consensus price target of $35.16.
Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.68) by $1.58. The business had revenue of $124.80 million for the quarter, compared to analyst estimates of $110.47 million. Roku’s revenue was up 40.1% compared to the same quarter last year. research analysts expect that Roku Inc will post -2.32 EPS for the current fiscal year.
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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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