Algert Global LLC Raises Holdings in Roku, Inc. (NASDAQ:ROKU)

Algert Global LLC lifted its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,287 shares of the company's stock after purchasing an additional 6,510 shares during the period. Algert Global LLC owned about 0.05% of Roku worth $5,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its holdings in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new position in Roku during the fourth quarter worth approximately $30,000. Game Plan Financial Advisors LLC acquired a new position in Roku during the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd increased its stake in shares of Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after acquiring an additional 491 shares during the last quarter. Finally, Allianz SE purchased a new position in shares of Roku during the 4th quarter worth $39,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ROKU shares. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 price target for the company in a research note on Tuesday, March 4th. Redburn Atlantic upgraded Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Monday, April 7th. JMP Securities reiterated a "market outperform" rating and set a $95.00 price target on shares of Roku in a report on Friday, May 2nd. Evercore ISI reduced their price objective on shares of Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Finally, Rosenblatt Securities lowered their price objective on shares of Roku from $100.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $87.93.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now owns 68,843 shares in the company, valued at $5,163,225. This represents a 1.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 4,600 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $345,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at $468,225. The trade was a 42.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,111 shares of company stock worth $6,575,362. Corporate insiders own 13.98% of the company's stock.

Roku Price Performance

Shares of ROKU traded up $1.45 during mid-day trading on Thursday, reaching $61.34. The company's stock had a trading volume of 3,751,965 shares, compared to its average volume of 3,771,736. The company's 50 day moving average is $67.26 and its 200 day moving average is $74.80. The stock has a market cap of $8.95 billion, a PE ratio of -68.92 and a beta of 2.06. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The company's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) EPS. As a group, sell-side analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

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.