Roku, Inc. (NASDAQ:ROKU) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. reduced its holdings in Roku, Inc. (NASDAQ:ROKU) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,146 shares of the company’s stock after selling 411 shares during the period. Verity Asset Management Inc.’s holdings in Roku were worth $1,131,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after acquiring an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Roku in the 3rd quarter valued at about $43,000. Geneos Wealth Management Inc. boosted its holdings in Roku by 835.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after buying an additional 610 shares during the last quarter. Cedar Wealth Management LLC purchased a new stake in Roku during the 2nd quarter worth approximately $48,000. Finally, Natixis acquired a new position in shares of Roku during the first quarter valued at approximately $53,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of recent research reports. Rosenblatt Securities boosted their price target on shares of Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their target price on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. 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 report on Thursday, September 12th. Loop Capital lifted their price target on shares of Roku from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Wedbush increased their price target on Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Roku presently has a consensus rating of “Hold” and an average target price of $83.95.

Roku Trading Down 0.3 %

Shares of NASDAQ:ROKU opened at $72.03 on Friday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The company’s 50 day moving average is $73.35 and its two-hundred day moving average is $64.05. The company has a market cap of $10.42 billion, a PE ratio of -60.02 and a beta of 2.07.

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 analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned ($2.33) earnings per share. Roku’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, equities research analysts expect that Roku, Inc. will post -1.1 EPS for the current year.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total transaction of $76,250.00. Following the sale, the chief financial officer now owns 53,267 shares of the company’s stock, valued at approximately $4,061,608.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00. Following the sale, the chief financial officer now owns 53,267 shares in the company, valued at approximately $4,061,608.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $376,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,776 shares of company stock worth $5,267,305 over the last 90 days. 13.98% of the stock is owned by insiders.

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.