Concurrent Investment Advisors LLC Has $317,000 Stock Position in Roku, Inc. (NASDAQ:ROKU)

Concurrent Investment Advisors LLC raised its holdings in Roku, Inc. (NASDAQ:ROKU) by 16.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,267 shares of the company’s stock after purchasing an additional 597 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Roku were worth $317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ROKU. Geneos Wealth Management Inc. increased its position in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares in the last quarter. Raelipskie Partnership bought a new position in shares of Roku during the third quarter valued at $32,000. Game Plan Financial Advisors LLC acquired a new position in Roku during the 4th quarter worth about $37,000. GS Investments Inc. lifted its stake in shares of Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Roku by 52.8% in the 4th quarter. Allworth Financial LP now owns 634 shares of the company’s stock valued at $50,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the transaction, the chief financial officer now owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,421 shares of company stock valued at $9,660,786. 13.98% of the stock is currently owned by corporate insiders.

Roku Stock Down 6.0 %

ROKU opened at $85.76 on Wednesday. The stock has a market cap of $12.52 billion, a PE ratio of -96.36 and a beta of 2.05. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The business’s fifty day simple moving average is $81.88 and its 200 day simple moving average is $75.77.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Macquarie reissued an “outperform” rating and issued a $90.00 price objective on shares of Roku in a research note on Thursday, October 31st. Piper Sandler lifted their target price on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and increased their price target for the company from $70.00 to $90.00 in a research report on Monday, November 18th. Finally, Bank of America lifted their price objective on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Roku has an average rating of “Moderate Buy” and an average target price of $96.00.

Roku Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. 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 Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.