Blueshift Asset Management LLC Purchases Shares of 28,896 Roku, Inc. (NASDAQ:ROKU)

Blueshift Asset Management LLC acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,896 shares of the company’s stock, valued at approximately $2,157,000.

Several other large investors have also modified their holdings of ROKU. EverSource Wealth Advisors LLC grew its position in shares of Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Roku during the third quarter worth approximately $43,000. GS Investments Inc. boosted its position in shares of Roku by 33.4% in the third 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 period. Cedar Wealth Management LLC acquired a new stake in shares of Roku in the second quarter worth $48,000. Finally, Versant Capital Management Inc increased its position 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 during the period. 86.30% of the stock is owned by institutional investors.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $66.31 on Wednesday. The firm’s 50 day simple moving average is $74.16 and its 200 day simple moving average is $65.25. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of -55.26 and a beta of 2.07.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the business posted ($2.33) earnings per share. Equities research analysts expect that Roku, Inc. will post -1.1 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Charles Collier sold 15,454 shares of Roku stock in a transaction that occurred on 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 sale, the insider now owns 200 shares of the company’s stock, valued at approximately $15,000. This trade represents a 98.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was 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 directly owns 5,020 shares of the company’s stock, valued at approximately $376,500. This trade represents a 83.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,240 shares of company stock worth $6,729,582 over the last ninety days. 13.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and set a $105.00 price objective on shares of Roku in a report on Thursday, September 12th. Citigroup boosted their price target on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Bank of America raised their price objective on Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Wedbush boosted their price objective on Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.