Algert Global LLC Purchases 14,600 Shares of Roku, Inc. (NASDAQ:ROKU)

Algert Global LLC boosted its holdings in Roku, Inc. (NASDAQ:ROKU) by 26.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,777 shares of the company’s stock after purchasing an additional 14,600 shares during the period. Algert Global LLC’s holdings in Roku were worth $5,210,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GS Investments Inc. lifted its stake in shares of Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares during the last quarter. PFG Investments LLC lifted its position in Roku by 3.7% in the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after purchasing an additional 150 shares during the last quarter. Mcdonald Partners LLC boosted its stake in shares of Roku by 0.9% during the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock valued at $1,175,000 after purchasing an additional 175 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Roku by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after purchasing an additional 202 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Roku by 11.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock worth $165,000 after buying an additional 222 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Performance

ROKU stock opened at $69.20 on Monday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The business has a fifty day moving average price of $74.45 and a 200-day moving average price of $65.09.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Roku’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($2.33) EPS. On average, equities analysts predict that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the sale, the insider now directly owns 38,602 shares in the company, valued at $2,485,582.78. This represents a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the transaction, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. This trade represents a 83.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,240 shares of company stock worth $6,729,582. 13.98% of the stock is owned by insiders.

Analysts Set New Price Targets

ROKU has been the subject of several analyst reports. Rosenblatt Securities increased their price target on shares of Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wedbush raised their target price on Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Friday, August 23rd. Finally, Bank of America upped their target price on Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.14.

Roku Company 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.