Roku, Inc. (NASDAQ:ROKU) Shares Purchased by Versor Investments LP

Versor Investments LP boosted its position in Roku, Inc. (NASDAQ:ROKU) by 72.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,574 shares of the company’s stock after acquiring an additional 5,681 shares during the quarter. Versor Investments LP’s holdings in Roku were worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. lifted its position in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Raelipskie Partnership acquired a new stake in shares of Roku during the 3rd quarter valued at approximately $32,000. Game Plan Financial Advisors LLC acquired a new stake in shares of Roku during the 4th quarter valued at approximately $37,000. GS Investments Inc. increased its stake in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after purchasing an additional 147 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Roku by 52.8% during the 4th quarter. Allworth Financial LP now owns 634 shares of the company’s stock worth $50,000 after purchasing an additional 219 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ROKU. Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and raised their price objective for the stock from $65.00 to $125.00 in a research note on Friday, February 14th. UBS Group raised their price objective on shares of Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Macquarie reissued an “outperform” rating and set a $90.00 price objective on shares of Roku in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Tuesday, January 7th. Finally, Bank of America lifted their target price on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.00.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. The trade was a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dan Jedda sold 5,000 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the sale, the chief financial officer now directly owns 58,555 shares of the company’s stock, valued at $5,878,922. The trade was a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,421 shares of company stock worth $9,660,786 in the last quarter. 13.98% of the stock is owned by corporate insiders.

Roku Trading Down 4.8 %

NASDAQ:ROKU opened at $81.49 on Friday. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of -91.56 and a beta of 2.05. The firm’s fifty day simple moving average is $82.02 and its 200 day simple moving average is $75.84. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

About Roku

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.