Counterpoint Mutual Funds LLC Makes New Investment in Roku, Inc. (NASDAQ:ROKU)

Counterpoint Mutual Funds LLC bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,371 shares of the company’s stock, valued at approximately $697,000.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in shares of Roku by 23.9% in the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $47,000 after acquiring an additional 121 shares during the last quarter. GS Investments Inc. increased its stake in 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 purchasing an additional 147 shares during the last quarter. True Vision MN LLC raised its holdings in Roku by 3.1% during the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares in the last quarter. Richard W. Paul & Associates LLC lifted its position in shares of Roku by 1.1% during the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock worth $1,189,000 after buying an additional 177 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Roku by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock valued at $287,000 after buying an additional 191 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the transaction, the chief accounting officer now owns 7,256 shares of the company’s stock, valued at $583,092.16. This represents a 20.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,308 shares of company stock worth $8,213,436 in the last quarter. Company insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ROKU shares. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $70.00 to $90.00 in a report on Monday, November 18th. Benchmark raised their price target on Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. JMP Securities boosted their price objective on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Finally, Pivotal Research raised Roku from a “hold” rating to a “buy” rating and increased their price objective for the company from $65.00 to $125.00 in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.71.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $67.78 on Monday. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The firm has a market capitalization of $9.89 billion, a P/E ratio of -76.16 and a beta of 2.12. The company’s fifty day moving average is $81.73 and its two-hundred day moving average is $77.12.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. On average, sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

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.