True Vision MN LLC Purchases 152 Shares of Roku, Inc. (NASDAQ:ROKU)

True Vision MN LLC lifted its holdings in Roku, Inc. (NASDAQ:ROKU) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,018 shares of the company’s stock after acquiring an additional 152 shares during the period. True Vision MN LLC’s holdings in Roku were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in Roku in the third quarter worth approximately $43,000. GS Investments Inc. grew its position 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 buying an additional 147 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of 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. Cedar Wealth Management LLC acquired a new position in shares of Roku during the 2nd quarter valued at $48,000. Finally, Versant Capital Management Inc boosted its stake in Roku by 706.2% during the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock worth $55,000 after acquiring an additional 798 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ROKU. Wells Fargo & Company upped their price objective 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. Macquarie reiterated an “outperform” rating and issued a $90.00 price target on shares of Roku in a report on Thursday, October 31st. Loop Capital raised their price objective on Roku from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Bank of America upped their target price on Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Wedbush lifted their price target on shares of Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.14.

Roku Stock Up 1.3 %

ROKU stock traded up $0.89 during midday trading on Wednesday, hitting $67.20. The company’s stock had a trading volume of 216,008 shares, compared to its average volume of 4,398,130. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of -55.26 and a beta of 2.07. The stock’s 50-day moving average price is $74.16 and its 200 day moving average price is $65.25.

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

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $77.20, for a total transaction of $1,930,000.00. Following the completion of the transaction, the chief executive officer now owns 5,020 shares in the company, valued at approximately $387,544. This represents a 83.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles Collier sold 15,454 shares of Roku stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,159,050.00. Following the completion of the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $15,000. This trade represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,240 shares of company stock valued at $6,729,582 in the last three months. Company insiders own 13.98% of the company’s stock.

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.