Roku, Inc. (NASDAQ:ROKU) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its position in Roku, Inc. (NASDAQ:ROKU) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,358 shares of the company’s stock after selling 3,569 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Roku were worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Roku in the third quarter valued at approximately $43,000. GS Investments Inc. increased its stake in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares during the period. Cedar Wealth Management LLC acquired a new stake in Roku during the 2nd quarter worth approximately $48,000. Finally, AM Squared Ltd purchased a new position in Roku in the 2nd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ROKU shares. Jefferies Financial Group cut their price objective on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Roku in a report on Wednesday, December 4th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Tuesday, October 1st. Wolfe Research upgraded shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price on the stock in a research note on Thursday, September 12th. Finally, Loop Capital lifted their price target on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.81.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares of the company’s stock, valued at $4,087,933.11. This trade represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the transaction, the chief accounting officer now owns 7,264 shares in the company, valued at approximately $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,096 shares of company stock worth $5,653,823. Company insiders own 13.98% of the company’s stock.

Roku Trading Up 1.3 %

Shares of NASDAQ ROKU opened at $82.99 on Monday. The stock has a market cap of $12.05 billion, a P/E ratio of -69.16 and a beta of 2.06. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $108.84. The stock has a 50 day moving average of $75.00 and a two-hundred day moving average of $67.03.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned ($2.33) EPS. Roku’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, research analysts predict that Roku, Inc. will post -1.1 earnings per share for the current year.

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.