Mutual Advisors LLC Invests $207,000 in Roku, Inc. (NASDAQ:ROKU)

Mutual Advisors LLC bought a new position in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,753 shares of the company’s stock, valued at approximately $207,000.

Other large investors have also recently made changes to their positions in the company. Raelipskie Partnership bought a new stake in shares of Roku in the 3rd quarter worth about $32,000. Future Financial Wealth Managment LLC bought a new position in Roku during the 3rd quarter valued at about $43,000. GS Investments Inc. grew its holdings in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Roku by 50.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 991 shares of the company’s stock valued at $74,000 after purchasing an additional 333 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Roku by 900.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,000 shares of the company’s stock valued at $75,000 after purchasing an additional 900 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on ROKU. Rosenblatt Securities upped their price target on shares of Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Robert W. Baird upgraded shares of Roku from a “neutral” rating to an “outperform” rating and upped their price target for the company from $70.00 to $90.00 in a report on Monday, November 18th. Wells Fargo & Company upped their price target on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Jefferies Financial Group lowered their price objective on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Friday, November 1st. Finally, UBS Group initiated coverage on shares of Roku in a research report on Friday, November 22nd. They issued a “neutral” rating and a $73.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.18.

Insider Buying and Selling at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the sale, the chief financial officer now owns 63,555 shares in the company, valued at $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles Collier sold 10,771 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the sale, the insider now owns 3,790 shares in the company, valued at $269,620.60. The trade was a 73.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,095 shares of company stock worth $5,726,218. 13.98% of the stock is owned by corporate insiders.

Roku Stock Up 0.3 %

NASDAQ:ROKU opened at $82.58 on Thursday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $99.80. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of -68.82 and a beta of 2.05. The firm has a 50 day moving average of $77.88 and a 200 day moving average of $71.78.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted ($2.33) EPS. Roku’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, analysts expect that Roku, Inc. will post -1.09 EPS 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.